MCD - Dunkin' Brands - Overvalued And Waiting For Repositioning Results

Investment Thesis

Dunkin' Brands (DNKN) is undergoing a strategic change that should allow them to unlock healthy growth whilst modernizing their brands to meet new customer demands. To achieve these goals Dunkin' Brands is simplifying their menus, it is undergoing a rebranding process and they tried new concepts such as Espresso. These developments allowed them to post their strongest quarter in 4 years. In Q1, Dunkin' Brands delivered 5.5% systemwide sales growth and 2.4% same-store sales growth.

Dunkin' Brands is still in the early innings of implementing their plans, and personally, I am