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Restaurant Same-Store Sales Guidance Is Broadly Lower

Restaurant Same-Store Sales Guidance Is Broadly Lower - BJ's Restaurants, Inc. NASDAQ:BJRI, The Cheesecake Factory Incorporated NASDAQ:CAKE

Brett Levy, a restaurant analyst with Deutsche Bank, commented in a research note on Monday that the sales environment for the group remains "challenging," as evident by a notable number of companies that reported a lower than expected same-store sales growth in the second quarter.

Here is Levy's summary of companies that reported a softer than expected same-store sales and/or poor outlook.

  • Dunkin Brands Group Inc DNKN 0.42% reported a weaker-than-expected same store sales for both of its brands but did not adjust its full-year expectations.
  • Cheesecake Factory Inc CAKE 0.29%'s reported same-store sales print was within management's target but its third quarter and full-year outlook fell short of consensus estimates and "modestly" lower than prior outlooks.

Related Link: Deutsche Bank's Q2 Report Cards For 10 Fast-Food/Fast-Casual Stocks

On the other hand, Levy highlighted Domino's Pizza, Inc. DPZ 0.07% and Papa John's Int'l, Inc. PZZA 1.14% as being part of the few restaurants that outperformed in the second quarter given their second-quarter same-store sales, which were ahead of consensus expectations.

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DateFirmActionFromTo
Jul 2016BarclaysMaintainsUnderweight
Jul 2016Stifel NicolausDowngradesBuySell
Jun 2016Tigress FinancialUpgradesBuy

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