Thursday January 18, 2024, 07:00:00
By Mark Kalinowski
With this report, we update our data-driven Kalinowski Restaurant Industry Index for Q4 2023 to +3.7%. This is -130 basis points sequentially below the Q3 2023 figure of +5.0%. However, it’s nearly equal to the 35-quarter (Q1 2015-Q3 2023) median of +3.6%. With a lot of macro factors that greatly impacted 2020-23 same-store sales fading into the background (albeit not all of them), we may be back – finally! — to what might be considered “normal” same-store sales trends. We’ll see if 2024 plays out that way (or not).
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Wednesday January 17, 2024, 09:31:49
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 55.9% in December 2023. This is only -10 basis points below the all-time monthly record.
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Tuesday January 16, 2024, 07:00:00
By Mark Kalinowski
With this report, we update our data-driven Kalinowski Quick-Service Pizza Index for Q4 to +0.6%. This is the one-year figure, lapping the +10.7% number from Q4 2020, the +3.3% figure from Q4 2021, and the +1.9% number from Q4 2022. Comparing to Q4 2019 levels — a four-year (pre-pandemic) basis — the Kalinowski Quick-Service Pizza Index for Q4 2023 is at +17.3%. So, not only does the quick-service pizza have the second-lowest one-year same-store sales figure for Q4 2023 (ahead of only fine fining), it also has the second-lowest four-year number for Q4 2023 (ahead of only the family dining segment). Our +0.6% figure is based on our latest proprietary checks/data as regards same-store sales performance for this segment during October, November, and December.
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