Looking to Popeyes to Learn about Domino’s and Papa John’s

By Ryan D. Lavender Published on June 1, 2021 at 9:19 PM

Over the last six months, have published multiple reports suggesting that to learn how Domino’s and Papa John’s might lap very challenging same-store sales comparisons over Q2 2021-Q1 2022, keep an eye on Popeyes — and how Popeyes is lapping its highly challenging same-store sales comparisons during Q4 2020-Q3 2021. Our bottom line remains that Domino’s and Papa John’s could end up lapping these tough numbers better than the Street anticipates. This report updates our thoughts in that regard.

DPZ (Post-Call): Among the Best 2-Year Numbers in the US Restaurant Industry

By Ryan D. Lavender Published on April 29, 2021 at 1:14 PM

Earlier today, Domino’s reported Q1 EPS of $3.00. This was higher than our $2.95 forecast and sell-side consensus (according to Consensus Metrix) of $2.94. We attribute the EPS outperformance to better-than-expected same-store sales in both the U.S. and International business segments.

How Different Restaurant Stocks Trade Ahead of, and After, Earnings

By Ryan D. Lavender Published on April 19, 2021 at 5:14 PM

We recently published a series of reports examining how various restaurant stocks
have traded in the week leading up to, and immediately after, their last 24 quarterly
earnings releases. This report summarizes the trends we found.