Report
R.J. Hottovy
EUR 101.80 For Business Accounts Only

Dunkin' solid franchisee system and store-level improvements offers a long-term cash flow story.

We walked away from narrow-moat Dunkin' Brands' third-quarter update with greater confidence that the firm's transformation plan--emphasizing menu simplification/innovation, digital convenience, and greater accessibility through restaurant design and channel expansion--is on track. While headline U.S. comps of 0.6% (including a 50-basis-point hit from hurricane activity) may not get the market excited, there is evidence that the streamlined menu test (now at 1,000 locations), technological-lever...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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R.J. Hottovy

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