For Immediate Release
Chicago, IL – October 18, 2013 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Burger King Worldwide Inc. ( BKW- Free Report), Domino's Pizza Inc. ( DPZ- Free Report), Panera Bread Co. ( PNRA- Free Report), Jack in the Box Inc. ( JACK- Free Report) and Adobe ( ADBE- Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .
Here are highlights from Thursday’s Analyst Blog:
Burger King Delivery Gaining Momentum
Burger King Worldwide Inc. ( BKW- Free Report) remains steadfast in expanding its delivery services to every corner of the country. Initially rolled out at a small number of Washington, D.C locations, this program has now been expanded into a number of markets like Boston, New York, Miami, Houston, Los Angeles, Chicago, San Francisco Bay Area, Las Vegas, Sacramento, greater Washington, D.C., Phoenix, Salt Lake City, Denver, Minneapolis and Spokane.
On Oct 15, this burger giant added one more location to its well-accepted delivery program, following which residents of the Detroit area can have the Whopper sandwich and hot crispy fries delivered to an address of their choice. The expansion trail confirms that the program is gaining considerable customer acceptance.
Of late, home delivery and catering programs have become a trend in the U.S. restaurant industry. While the delivery system is doing the trick for pizza chains like Domino's Pizza Inc. ( DPZ- Free Report), companies like Panera Bread Co. ( PNRA- Free Report) and Jack in the Box Inc.'s ( JACK- Free Report) Qdoba Mexican Grill chain are benefiting largely from catering initiatives.
Last year, this Zacks Rank #4 (Sell) company –initiated this new sales initiative, BK Delivers, to counter sluggish same-store sales performance in a highly competitive environment. This initiative was intended to take Burger King beyond its outlets and deliver at homes, schools and offices, thus further enhancing the company’s presence.
The service allows people to select from a wide range of popular items including the recent introductions, with a minimum food order of $10. A well-defined loyalty program is also in place.
At present, the company has 1 live delivery restaurant in the northern suburbs of Detroit. This location will act as a training center for crew members before the restaurateur opens other locations in the area.
Following the new openings, Burger King will have more than 75 delivery units in the U.S. and several more are in the offing. Basically, management intends to capitalize on its brand value by offering an off-premise service. We believe that the delivery system will likely prove to be a strong growth driver for Burger King in the years to come.
Adobe Updates Analytics Solution
Adobe ( ADBE- Free Report) recently announced updates for its Adobe Analytics suite of products to include new and improved features. Adobe Analytics is an important part of Adobe Marketing Cloud.
The Adobe Marketing Cloud includes a complete set of analytics, social, advertising, targeting, web experience management and cross-channel campaign management solutions, together with a social-enabled UI, bringing together everything marketers need to know about their campaigns, to move from data to insights to action in quick time.
Adobe Analytics provides a complete picture of a business by turning data from customer interactions into actionable insights. The recent update includes the addition of predictive analytics capabilities, advanced real-time reporting, data visualizations, video analytics advancements and mobile app analytics.
These upgrades have been designed with a view to improve marketers’ and data analysts’ abilities to rapidly identify and take action on critical insights for their business.
The innovations will be available to users later in the current quarter. Adobe, however, remained tight-lipped about the pricing of the updated product.
Adobe continues to innovate in order to combat fierce competition. Prior to this development, in Sep 2013, it announced upgrades to Adobe Primetime, the industry’s most advanced TV delivery and monetization platform for programmers and pay-TV service providers.
Adobe reported third-quarter 2013 revenues of $995.1 million, within its targeted range of $975 million to $1.025 billion. The acquisition of Neolane during the quarter contributed approximately $6 million to third quarter revenues.
Currently, Adobe has a Zacks Rank #4 (Sell).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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For Immediate Release