-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師總結如下：棒約翰第一季業績不如預期，營收為4.79億美元（年減7.7%），低於市場普遍預期的4.85億美元；調整後EBITDA為4780萬美元（年減3.8%），低於預期的5,100萬美元。北美同店銷售額降幅從去年同期的2.7%擴大至6.4%，其中加盟店同店銷售額下降6.7%。儘管業績疲軟，管理層仍重申了全年業績指引，這引發了人們的疑問：維持預期是否反映了對未來業績的真實預期，還是第一季業績疲軟已包含在計劃之中？北美市場佔系統銷售額的72%，目前尚未出現穩定跡象，因此管理階層仍需證明轉型策略的有效性。國際市場同店銷售額成長3.6%，連續第六個季度實現正成長，但僅佔系統銷售額的28%。自由現金流由一年前的1,910萬美元轉為負620萬美元，而公司維持了每股0.46美元的季度股息。我們認為，北美同業收入加速下滑以及自由現金流為負表明，公司扭虧為盈的局面仍處於早期階段，容錯空間有限。
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