Tuesday December 16, 2025, 11:37:56
By Mark Kalinowski
Data out today from the U.S. Census shows that restaurants’ market share (with grocery stores/supermarkets making up the other component) was 56.3% in October 2025. This is sequentially down by -20 basis points from September 2025’s 56.5% market share. So, even though same-store sales for most large restaurant concepts during Q3 2025 — and Q4 2025 so far — appear lackluster, this dynamic does not appear to be due to consumers meaningfully shifting their food spend to grocery stores and supermarkets.
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Thursday December 4, 2025, 07:00:00
By Mark Kalinowski
Recently, Domino’s, Pizza Hut, and Papa Johns all reported their Q3 2025 U.S. same-store sales. In this report, we discuss how these same-store sales results — and potential results for full-year 2025 — relate to these three concepts’ average unit volumes (AUVs). We further discuss what this means for the companies, and their stocks.
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Tuesday December 2, 2025, 07:00:00
By Mark Kalinowski
McDonald’s, Wendy’s, and Burger King (owned by Restaurant Brands International [QSR; Not Rated]) each recently reported their Q3 2025 U.S. same-store sales. In this report, we discuss how these same-store sales results — and potential results for full-year 2025 — relate to these three concepts’ average unit volumes (AUVs). We further discuss what this means for the companies, and their stocks.
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