“One of Wall Street’s Top Analysts” – CNBC

Expert Stock Coverage

Unparalleled Expertise

 

“Mark Kalinowski has his finger on the pulse of the restaurant business like no other Wall Street analyst… he has broken more news about McDonald’s than the reporters assigned to the beat… Kalinowski rolls up his sleeves, dives in and brings important news to the surface for clients”

-Huffington Post

 

“The Burger King with accurate predictions… The Big Mac of predicting the company’s [McDonald’s] sales.”

-The Wall Street Journal

 

Lead Analyst:

 
 

Mark Kalinowski
PRESIDENT & CEO

Kalinowski Equity Research LLC provides its clients with value-added, forward-looking information that helps them make informed decisions about restaurant-stock investing.

Restaurant Industry
Mark Kalinowski

Kalinowski Restaurant Industry Same-Store Sales Index for Q2 Leaves a Lot to be Desired

With this report, we update our data-driven Kalinowski Restaurant Industry Index for Q2 2025 to +0.7%. This is sequentially improved from Q1 2025’s -0.4% result, which was the weakest non-pandemic quarter of the last 10+ years. However, +0.7% is nothing to get excited about, to be sure. For one thing, the Q1 2025 result was weather-impacted (particularly from a cold/snowy February). The Q2 2025 number was not weather-impacted to any material degree. So, when one excludes the effects of February weather, the Q2 2025 same-store sales trends for the industry were very similar to those of Q1 2025.

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Restaurant Industry
Mark Kalinowski

Updating our Q2 Kalinowski Quick-Service Pizza Same-Store Sales Index (7/7/2025)

With this report, we update our data-driven Kalinowski Quick-Service Pizza Index for Q2 to -0.6%. Comparing to Q2 2019 levels — a pre-pandemic basis — the Kalinowski Quick-Service Pizza Index for Q2 2025 is at +17.5%. Our -0.6% figure is based on our latest proprietary checks/data as regards same-store sales performance for this segment during April, May, and June.

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Restaurant Industry
Mark Kalinowski

Updating our Q2 Kalinowski Quick-Service Other Same-Store Sales Index (7/2/2025)

With this report, we update our data-driven Kalinowski Quick-Service Other Index for Q2 to +2.4%. Comparing to Q2 2019 levels – a pre-pandemic basis — the Kalinowski Quick-Service Other Index for Q2 2025 is at +30.4%. These numbers are based on our latest proprietary checks/data as regards same-store sales performance for this segment during April, May, and June.

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