Black Box Intelligence released its latest monthly Black Box Index – an index which aggregates same-store sales for 175+ domestic restaurant concepts – late yesterday. BlackBox notes that its data represents over 50,000 restaurant units, $75 billion in annual sales, and 300+ clients.
With this report, we update our data-driven Kalinowski Fast-Casual Index for Q1 to +8.1%. This is the one-year figure, lapping the +1.6% figure from Q1 2020, +15.5% number from Q1 2021, and the +7.6% figure from Q1 2022. Comparing to Q1 2019 levels — a four-year (pre-pandemic) basis — the Kalinowski Fast-Casual Index for Q1 2023 is at +36.5%. This +36.5% figure is the second-best of any major restaurant sector, surpassed only by fine dining. Our latest fast-casual numbers are based on our latest proprietary checks/data as regards same-store sales performance for this segment during January, February, and early-to-mid March.
We look for Chipotle Mexican Grill to release its first-quarter earnings after the market close on Tuesday, April 25th. For more information, please click on: