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Restaurant Industry
Mark Kalinowski

Restaurants: Price Inflation Gap Relative to Food-At-Home Remains Low Relative to Recent History

The latest Consumer Price Index (CPI) data shows that prices for food-at-home (grocery stores and supermarkets) rose by +2.7% in May — sequentially down by -20 basis points since April’s +2.9%. This +2.7% number for May compares with price for food-away-from-home (restaurants) that increased by +3.5% year-over-year in May (sequentially down by -10 basis points from April’s +3.6%). This marks the 38th month in a row for which restaurant pricing is outpacing grocery/supermarket pricing.

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June 10, 2026 No Comments
Wendy's (WEN)
Mark Kalinowski

WEN: Steps for a New Day at Wendy’s

Shares of WEN closed 2024 at a price of $16.30. As of yesterday’s (May 26th’s) market close, the stock was at $7.36. This is a decline of about -54.8%. By way of comparison, over that same time period, the S&P 500 has gained about +27.8% of value (from 5,881.63 on 12/31/24 to 7,519.12 on 5/26/26). What challenges does Wendy’s face — particularly ones that might be lesser-known on the Street?

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May 27, 2026 No Comments
Restaurant Industry
Mark Kalinowski

Pizza Sector: What Sales Trends Hint at re: Average Unit Volumes (5/20/2026)

Recently, Domino’s, Pizza Hut, and Papa Johns all reported their Q1 2026 U.S. same-store sales. In this report, we discuss how these same-store sales results — and potential results for full-year 2026 — 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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May 20, 2026 No Comments