Earnings Results, Technical Updates, Pride Flag and Management Changes - Analyst Notes on Starbucks, Darden, Sonic, Potbelly and Brinker
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, June 26, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Starbucks Corporation (NASDAQ: SBUX), Darden Restaurants, Inc. (NYSE: DRI), Sonic Corp. (NASDAQ: SONC), Potbelly Corporation (NASDAQ: PBPB) and Brinker International Inc. (NYSE: EAT). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4149-100free.
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Starbucks Corporation Analyst Notes
On June 23, 2014, Starbucks Corporation (Starbucks) announced that a 38-feet wide by19-feet tall rainbow flag was raised on top of Starbucks headquarters and will remain through the weekend's Seattle Pride Parade. According to Starbucks, Seattle Pride, the Northwest's LGBTQ rights movement, will be marking its 40th anniversary on June 29, 2014. The full analyst notes on Starbucks are available to download free of charge at:
http://www.analystsreview.com/Jun-26-2014/SBUX/report.pdf
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Darden Restaurants, Inc. Analyst Notes
On June 20, 2014, Darden Restaurants, Inc. (Darden) reported its financial results for Q4 FY 2014 and full-year FY 2014 (period ended May 25, 2014). Sales for the quarter increased 3.6% YoY to c.$1.7 billion. Net earnings were $86.5 million or $0.65 per diluted share, compared to $133.2 million or $1.01 per diluted share in Q4 FY 2013. For full-year FY 2014 sales stood at $8.76 billion versus $8.55 billion in full-year FY 2013. Net earnings were at $286.2 million or $2.15 per diluted share, compared with $411.9 million or $3.13 per diluted share in full-year FY 2013. In another announcement on the same day, Darden informed that its Board of Directors has declared a quarterly cash dividend of 55 cents per share on the Company's outstanding common stock, payable on August 1, 2014 to shareholders of record at the close of business on July 10, 2014. The full analyst notes on Darden are available to download free of charge at:
http://www.analystsreview.com/Jun-26-2014/DRI/report.pdf
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Sonic Corp. Analyst Notes
On June 23, 2014, Sonic Corp. (Sonic) reported its financial results for Q3 FY 2014 (period ended May 31, 2014). Total revenues increased 3.8% YoY to $152.2 million. Net income was $16.8 million or $0.30 per diluted share, compared to $14.8 million or $0.26 per diluted share in Q3 FY 2013. Sonic also reported that System-wide same-store sales increased 5.3% driven by innovative product news, layered day-part promotional strategy and increased media efficiency. The Company added that it has opened 10 new drive-ins in Q3 FY 2014 and has also repurchased c.$11 million of stock bringing total repurchases for the year to $69.4 million. The full analyst notes on Sonic are available to download free of charge at:
http://www.analystsreview.com/Jun-26-2014/SONC/report.pdf
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Potbelly Corporation Analyst Notes
On June 23, 2014, Potbelly Corporation's (Potbelly) stock declined 2.66%, ending the day at $15.71. Over the previous three trading sessions, shares of Potbelly declined 4.50% compared to the Nasdaq Composite which rose 0.13% during the same period. The full analyst notes on Potbelly are available to download free of charge at:
http://www.analystsreview.com/Jun-26-2014/PBPB/report.pdf
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Brinker International Inc. Analyst Notes
On June 16, 2014, Brinker International Inc. (Brinker) announced the resignation of John Mims from its Board of Directors. The Company stated that Mims, who has joined the Board of Directors in February 2007, chose to resign for professional and personal reasons. CEO and President of Brinker, Wyman Roberts commented, "On behalf of the Board of Directors and the Company, I want to thank John for his contributions over the last seven years." The full analyst notes on Brinker are available to download free of charge at:
http://www.analystsreview.com/Jun-26-2014/EAT/report.pdf
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