Coverage

All Reports:

Restaurant Industry
Mark Kalinowski

Chick-fil-A: Attains $9.3 Million AUVs in 2024 for its Free-Standing/Drive-Thru Units

We continue to hear that privately-held Chick-fil-A — the 3rd-largest U.S. restaurant concept — targets $10 million average unit volumes (AUVs) for its free-standing & drive-thru restaurants. And, given the concept’s distinct advantages — such as great in-store technology — it is looking like that target might be met in the not-too-distant future.

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Restaurant Industry
Mark Kalinowski

Updating our Q1 Kalinowski Quick-Service Pizza Same-Store Sales Index (4/1/2025)

With this report, we update our data-driven Kalinowski Quick-Service Pizza Index for Q1 to 0.0%. Comparing to Q1 2019 levels — a pre-pandemic basis — the Kalinowski Quick-Service Pizza Index for Q1 2025 is at +18.2%. Our 0.0% figure is based on our latest proprietary checks/data as regards same-store sales performance for this segment during January, February, and early-to-mid March.

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Restaurant Industry
Mark Kalinowski

Updating our Q1 Kalinowski Quick-Service Burger Same-Store Sales Index (3/27/2025)

With this report, we update our data-driven Kalinowski Quick-Service Burger Index for Q1 to -1.6%. Comparing to Q1 2019 levels — a pre-pandemic basis — the Kalinowski Quick-Service Burger Index for Q1 2025 is at +27.8%. These numbers are based on our latest proprietary checks/data as regards same-store sales performance for this segment during January, February, and early-to-mid March.

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McDonald's Corp (MCD)
Mark Kalinowski

MCD: Adjusting Our Estimates (3/27/2025)

This morning, we published an industry report entitled “Updating our Q1 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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Restaurant Industry
Mark Kalinowski

Updating our Q1 Kalinowski Fast-Casual Same-Store Sales Index (3/26/2025)

With this report, we update our data-driven Kalinowski Fast-Casual Index for Q1 to +2.3%. Comparing to Q1 2019 levels — a pre-pandemic basis — the Kalinowski Fast-Casual Index for Q1 2025 is at +55.8%. This +55.8% figure is the best of any major restaurant sector. Our latest fast-casual numbers are based on our proprietary checks/data as regards same-store sales performance for this segment during January, February, and early-to-mid March.

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