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“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.
Papa John's International, Inc. (PZZA)
Mark Kalinowski

PZZA: Analyst Meeting Showcases Growth Opportunities (and Investments Needed)

Earlier today, Papa Johns hosted an Analyst Meeting in Atlanta. Key themes from the meeting include: (1) more investment in digital technologies, (2) opportunities for U.S. unit growth – for example, through infilling of some of the stronger U.S. markets, (3) opportunities for International unit growth, (4) opportunities to refocus on the core on the menu (pizzas), including attaining better product consistency, and (5) increasing investments in digital technologies. Papa Johns cites the following as key takeaways from the meeting:

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Mark Kalinowski December 12, 2024 1:05 PM No Comments
Restaurant Industry
Mark Kalinowski

Pricing Gap in Favor of Grocery Stores over Restaurants Narrows Considerably

The latest Consumer Price Index (CPI) data shows that prices for food-at-home (grocery stores and supermarkets) rose by +1.6% in November — sequentially up by +50 basis points from October’s +1.1%. This +1.6% number compares with price for food-away-from-home (restaurants) that increased by +3.6% year-over-year in November (sequentially down by -20 basis points from October’s +3.8%). This marks the 20th month in a row for which restaurant pricing is outpacing grocery/supermarket pricing. However, the gap between grocery pricing and restaurant pricing in November 2024 was the smallest since April 2023’s -150 basis-point gap.

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Mark Kalinowski December 11, 2024 8:58 AM No Comments
Chipotle Mexican Grill (CMG)
Mark Kalinowski

CMG: The Future Mix of Chipotlanes Relative to Chipotle’s Total Unit Count

On November 20th, Chipotle “announced today the opening of its 1,000th Chipotlane restaurant on Thursday, November 21. Located in the Kansas City metro area, the milestone restaurant will feature the company’s signature digital order drive thru pick-up lane. Of the company’s more than 3,600 restaurants in its real estate portfolio, nearly 30% feature a Chipotlane. ‘Chipotlanes are a critical piece of our long-term growth goal of reaching 7,000 restaurants in North America,’ said Chris Brandt, Chief Brand Officer. ‘This restaurant format is the fastest way for fans to get Chipotle and has proven to increase sales, margins, and returns.’”

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Mark Kalinowski December 5, 2024 7:00 AM No Comments
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