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

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“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.

McDonald's Corp (MCD)
Mark Kalinowski

MCD: McDonald’s Franchisee Survey Part 2 Focuses on Crispy Chicken Sandwiches

Today we publish part 2 of 2 of the October 2021 edition of our proprietary McDonald’s Franchisee Survey. Much of this report focuses on how sales are going at present for the new-and-improved chicken sandwiches that McDonald’s launched in mid-Q1. Back in April 2021, during that iteration of our McDonald’s Franchisee Survey, we asked our franchisee respondents how many of the new-and-improved chicken sandwiches they were selling daily at their restaurants. At that time —

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McDonald's Corp (MCD)
Mark Kalinowski

MCD: Latest McDonald’s Franchisee Survey Shows Relations with Franchisees Mending

McDonald’s plans to release its Q3 earnings before the market open on Wednesday, October 27th. For Q3E, we retain our existing McDonald’s U.S. same-store sales forecast of +8.5%. According to Consensus Metrix data (as of this writing), sell-side consensus is at +8.2%. Our Q3E EPS estimate remains at $2.43. This is below consensus of $2.47, reflecting what we believe to have been sales challenges in China, rising commodity costs, and challenging wage inflation (in an

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Restaurant Industry
Mark Kalinowski

Restaurants’ Market Share Expands in Q3 at the Expense of Grocery Stores

We continue to look for the U.S. restaurant industry to win back additional market share over the next 12-18 months. Indeed, it’s looking much more likely that it’s just a matter of time that the market share for restaurants (versus grocery stores) will exceed the pre-pandemic market share it had of Americans’ food & beverage dollars. In addition, keep in mind that large restaurant concepts — and larger concepts tend to be the publicly-traded ones

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