McDonald’s plans to release its Q3 earnings before the market open on Wednesday, November 5th. Today we publish part two of the October 2025 edition of our proprietary McDonald’s Franchisee Survey. As part of this, we asked our franchisee contacts to provide some commentary about the National Owners Association (NOA).
McDonald’s plans to release its third-quarter earnings before the market open on Wednesday, November 5th. Ahead of that, we publish part one of our two-part, proprietary McDonald’s Franchisee Survey today.
Earlier today, Domino’s reported third-quarter EPS of $4.08. This was above our $4.00 estimate and sell-side consensus (according to Consensus Metrix) of $3.96.
With this report, we update our data-driven Kalinowski Restaurant Industry Index for Q3 2025 to +1.6%. While this isn’t a great quarter by any stretch of the imagination, it is nevertheless the best quarter since Q4 2023’s +3.6% result. Has the industry — slowly — finally turned the corner?
With this report, we update our data-driven Kalinowski Quick-Service Pizza Index for Q3 to +1.5%. Comparing to Q3 2019 levels — a pre-pandemic basis — the Kalinowski Quick-Service Pizza Index for Q3 2025 is at +20.4%. Our +1.5% figure is based on our latest proprietary checks/data as regards same-store sales performance for this segment during July, August, and September.
With this report, we update our data-driven Kalinowski Casual Dining Index for Q3 to +5.1%. On a pre-pandemic basis, the Kalinowski Casual Dining Index for Q3 2025 is at +29.0%. These numbers are based on our latest proprietary checks/data as regards same-store sales performance for this segment during July, August, and September.