MCD Our Latest Proprietary McDonald’s Franchisee Survey Says…

By Mark Kalinowski Published on January 25, 2019 at 12:00 AM

Based on the results of our latest proprietary McDonald’s Franchisee Survey, we adjust our Q4E U.S. same-store sales forecast upward by +40 basis points, to +2.6%. In the previous 79 iterations of the McDonald’s Franchisee Survey, the survey result has been within 200 basis points of the McDonald’s U.S. same-store sales number reported shortly thereafter 72 times (91.1% of the time), and within 100 basis points of the McDonald’s U.S. same-store sales number reported shortly thereafter 55 times (69.6% of the time).

DPZ Analyst Meeting Unveils 25,000 Store Target by Year-End 2025

By Mark Kalinowski Published on January 17, 2019 at 12:00 AM

Earlier today, we attended the annual Analyst Meeting for Domino’s (DPZ). This year’s theme was “What Matters.” We came away impressed with the company’s strategic plans, and reiterate our Buy rating on DPZ. We note the following:

DIN Updating our Q4E19 Same-Store Sales Forecast for IHOP

By Mark Kalinowski Published on January 3, 2019 at 12:00 AM

Following our data-driven checks, we increase our Q4E 2018 same-store sales forecast for IHOP by +70 basis points, to a new “sell-side high” (according to Consensus Metrix data) of +2.0%. IHOP, the largest family dining concept in the U.S. as determined by domestic systemwide sales, likely benefited from family dining’s robust November 2018 (which will end up as either the best month or the secondbest month during 2018 for family-dining sector same-store sales) and strong start to December 2018.