Restaurants The BlackBox Index for October 2020 Shows Decelerating Rebound

By Mark Kalinowski Published on November 5, 2020 at 12:00 AM

Earlier today (Thursday, November 5th), we learned that the BlackBox Index of samestore sales for October 2020 was down by -7.5%, with same-store traffic down by -13.7%. The -7.5% figure is +60 basis points better than the September 2020 number of -8.1%, which was +420 basis points better than the August 2020 figure of -12.3%.

YUM Updating Same-Store Sales and EPS Estimates for 2020E & 2021E

By Mark Kalinowski Published on March 26, 2020 at 12:00 AM

We lower our worldwide aggregate same-store sales estimates for Yum Brands (YUM; Buy) as follows:
Q1E 2020: down by -8 percentage points to -8%
Q2E 2020: down by -23 percentage points to -23%
Q3E 2020: down by -15 percentage points to -13%
Q4E 2020: down by -7 percentage points to -5%
Full-year 2020E: down by -14 percentage points to -13%
Full-year 2021E: up by +5 percentage points to +7%