Wednesday May 31, 2023, 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 Q1 2023 U.S. same-store sales. In this report, we discuss how these same-store sales results — and potential results for full-year 2023 — 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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Wednesday May 24, 2023, 07:00:00
By Mark Kalinowski
Recently, Domino’s, Pizza Hut (owned by Yum Brands [YUM; Neutral, $131.45]), and Papa Johns all reported their Q1 2023 U.S. same-store sales. In this report, we discuss how these same-store sales results — and potential results for full-year 2023 — 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 May 16, 2023, 09:31:00
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 54.5% in April 2023. Sequentially, this is +20 basis points higher than the March 2023 figure of 54.3%, and +10 basis points higher than the Q1 2023 number of 54.4%. The April 2023 showing marks the second-best month ever in this regard, surpassed only by January 2023’s 54.9% number. On a year-over-year basis, restaurants’ market share was up by +130 basis points in April 2023.
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