Coverage

The latest Consumer Price Index (CPI) data shows that prices for food-at-home (grocery stores and supermarkets) rose by +0.9% in August — sequentially down by -20 basis points from July’s +1.1%. This +0.9% number compares with price for food-away-from-home (restaurants) that increased by +4.0% year-over-year in August (sequentially down by -10 basis points from July’s +4.1%). This marks the 18th month in a row for which restaurant pricing is outpacing grocery/supermarket pricing.

We have published four reports in recent days looking at various domestic same-store sales correlations for large restaurant concepts within their sector. However, this report looks at Taco Bell – by quite a wide margin, the largest concept in the Quick-Service Other space as we define it, via nearly $15.0 billion in 2023 U.S. systemwide sales – and compares its same-store sales with those of several quick-service and fast-casual concepts regardless of sector. This should help answer questions such as, “When McDonald’s same-store sales trend higher, does that tend to be a good sign, or a bad sign, for the same-store sales trends of Taco Bell?”

In this report, we look at the correlations for Olive Garden, Texas Roadhouse, Applebee’s, Chili’s, Outback Steakhouse, and The Cheesecake Factory – six of the seven largest casual dining concepts, as ranked by full-year 2023 U.S. system sales — in terms of their respective same-store sales. This should help answer questions such as, “When The Cheesecake Factory’s same-store sales trend higher, does that tend to be a good sign, or a bad sign, for the same-store sales trends of Applebee’s?”

In this report, we look at the correlations for IHOP, Denny’s, and Cracker Barrel – the largest, 2nd-largest, and 3rd-largest family dining concepts, as ranked by full-year 2023 U.S. system sales — in terms of their respective domestic same-store sales. This should help answer questions such as, “When Cracker Barrel’s same-store sales go up, does that tend to be a good sign, or a bad sign, for the same-store sales trends of Denny’s and IHOP?”

In this report, we look at the correlations for Domino’s, Pizza Hut, and Papa Johns in terms of their respective domestic same-store sales. This should help answer questions such as, “When Domino’s sales go up, does that tend to be a good sign, or a bad sign, for the same-store sales trends of Papa Johns?”

In this report, we look at the specific fiscal year-ends for 30 restaurant companies, and note when the next 53-week fiscal year will be for many of them.