Coverage

All Reports:

Wendy's (WEN)
Mark Kalinowski

WEN: Adjusting Our Estimates (7/8/2024)

This morning, we published an industry report entitled “Updating our Q2 Kalinowski Quick-Service Burger Same-Store Sales Index.” We encourage you to read that report in conjunction with this Wendy’s note.

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McDonald's Corp (MCD)
Mark Kalinowski

MCD: Adjusting Our Forecasts (7/8/2024)

This morning, we published an industry report entitled “Updating our Q2 Kalinowski Quick-Service Burger Same-Store Sales Index.” We encourage you to read that report in conjunction with this McDonald’s note.

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McDonald's Corp (MCD)
Mark Kalinowski

MCD: It’s About Clucking Time

As ubiquitous as it is, chicken continues to gain in popularity in multiple ways, including with quick-service consumers. McDonald’s noted on its February 5th conference call that “Our chicken category now represents $25 billion in annual Systemwide sales, on par with beef.” This is, of course, a worldwide figure. Specific to McDonald’s U.S., beef apparently maintains a lead over chicken. But no doubt, McDonald’s is working to capture more chicken market share in the U.S.

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Restaurant Industry
Mark Kalinowski

Updating our Q2 Kalinowski Family Dining Same-Store Sales Index (7/2/2024)

With this report, we update our data-driven Kalinowski Family Dining Index for Q2 to +0.1%. Comparing to Q2 2019 levels — a five-year (pre-pandemic) basis — the Kalinowski Family Dining Index for Q2 2024 is at -0.6%. This is the lowest such number of any major U.S. restaurant industry segment. Our latest numbers are based on our latest proprietary checks/data as regards same-store sales performance for this segment during April, May, and June.

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Dine Brands Global (DIN)
Mark Kalinowski

DIN: Adjusting Our Forecasts (7/2/2024)

This morning, we published an industry report entitled “Updating our Q2 Kalinowski Casual Dining Same-Store Sales Index.” We encourage you to read that report in conjunction with this Dine Brands note.

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Denny's Corporation (DENN)
Mark Kalinowski

DENN: Adjusting Our Estimates (7/2/2024)

This morning, we published an industry report entitled “Updating our Q2 Kalinowski Family Dining Same-Store Sales Index.” We encourage you to read that report in conjunction with this Denny’s note.

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