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Fly News Breaks for July 9, 2018
MCD, DNKN
Jul 9, 2018 | 07:58 EDT
As previously reported, Longbow analyst Alton Stump upgraded Dunkin' Brands (DNKN) to Neutral from Underperform after his conversations with U.S. franchisees lead him to believe the company's Q2 same-store sales rose 0.5-1.0%, which would be in-line with the consensus view and slightly better than his prior forecast for them to have been flat with last year. However, he added that the "still tepid" same-store sales growth likely means the coffee company lost share, especially to McDonald's (MCD), in the U.S. during Q2.
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