Lyudinovo

Main Menu

  • Home
  • Russian hotel
  • Russian restaurant
  • Russian currency
  • Russian economy
  • Russian budget

Lyudinovo

Header Banner

Lyudinovo

  • Home
  • Russian hotel
  • Russian restaurant
  • Russian currency
  • Russian economy
  • Russian budget
Russian restaurant
Home›Russian restaurant›Chipotle, McDonald’s and other restaurant revenue is coming. What to expect.

Chipotle, McDonald’s and other restaurant revenue is coming. What to expect.

By Lawrence C. Saleh
April 25, 2022
0
0

Text size

McDonald’s stock has fallen about 4% so far this year.

Mario Tama/Getty Images

Restaurant revenues will start rolling this week, and given March retail sales data showed a big jump in restaurants, investors could be optimistic about quarterly results. Yet many factors make the outlook bleaker.


Chipotle Mexican Grill

(CMG) will kick off the season with results expected after the bell on Tuesday, as the two


McDonald’s

(MCD) and


Dominos Pizza

(DPZ) are scheduled for Thursday. Analysts are looking for all three to accelerate earnings growth. Consensus calls for Chipotle to earn $5.65 per share, down from $5.36 last year, McDonald’s to earn $2.17 from $1.92, and Domino’s to earn $3.06, from $3.

That said, analysts recently lowered their estimates for the quarter, according to FactSet data.

It’s not hard to see why retail sales posted a strong year-over-year increase in restaurant spending last month. In March 2021, vaccines were still hard to come by for many, while this year Americans were looking to spend on activities — like restaurants — that were on hold during the pandemic. Higher food prices mean eating out also means spending more.

Still, analysts are cautious for a number of reasons – while the impact of Russia’s invasion of Ukraine has been a concern for international businesses, even domestic restaurants are facing ever-rising inflation, which simultaneously pushed up food prices and labor costs. , and reduced the purchasing power of their customers.

Christopher Carril of RBC Capital Markets on Thursday lowered his estimates for the first calendar quarter by around 5% on average for the group. “At this point, we generally see limited opportunities for upside first-quarter earnings, as we believe restaurant stocks are likely to receive little credit for in-line or better-than-expected results, while earnings losses validate concerns. in the future.”

Aside from actual results, which he says will show strong selling tied to pent-up demand, he thinks investors will focus on the outlook for restaurants, particularly in the second half, and management’s comments on continued health. of the consumer, vis-à-vis the recent price increases.

Still, Carril reiterated outperform ratings on all three stocks, leaving his $2,000 price target on Chipotle unchanged. He lowered his target on McDonald’s to $287 from $303 and on Domino’s to $480 from $525.

Chipotle shares are at $1,480.85, down 15.3% this year. McDonald’s stock is at $250.17, down 6.7% year-to-date. Domino’s recently traded at $378.83, down about 33% year-to-date.

Write to Teresa Rivas at [email protected]


Source link

Related posts:

  1. Russian catering group Novikov to open its first international location in London
  2. Russian restaurant appeals to Quebec to help it master authentic poutine
  3. Metro Diner, Gregory’s Russian Restaurant, and more – Indianapolis Monthly
  4. The Russian restaurant where LEOPARD and TIGER meat is on the menu

Categories

  • Russian budget
  • Russian currency
  • Russian economy
  • Russian hotel
  • Russian restaurant

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • January 2021
  • December 2020
  • September 2020
  • July 2020
  • June 2020
  • January 2020
  • October 2019
  • May 2019
  • March 2019
  • February 2019
  • December 2018
  • November 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • March 2018
  • September 2017
  • June 2017
  • March 2017
  • January 2017
  • December 2016
  • November 2016
  • June 2016
  • December 2015
  • June 2015
  • April 2015
  • March 2015
  • February 2015
  • December 2014
  • November 2014
  • May 2014
  • April 2014
  • March 2014
  • October 2012
  • June 2012
  • March 2012
  • February 2012
  • December 2010

Recent Posts

  • Kanye West is potentially associating with this famous restaurant
  • Are gold and commodities the answer to the Western monetary crisis?
  • Rowan Atkinson’s wild hotel party leaves dogs moaning and others fear Russian invasion
  • Russian minister expects legalization of digital currency soon
  • Despite soaring gas and hotel prices, Hamptons restaurant owner is seeing ‘record demand’
  • Privacy Policy
  • Terms and Conditions