co$NA+NA%
cl$99.39+3.0055%
ng$4.79+5.2747%
ba$186.89+1.3778%
hwm$82.68+0.4129%
hxl$63.66+2.2815%
wwd$183.13+2.1133%
rtx$113.95+0.423%
ge$169.81+3.1214%
txt$92.06+0.8435%
tgi$16.67+1.7705%
trs$27.51+1.7382%
tdg$1234.86+0.5243%
spr$35.57+0.169%
lmt$524.8+0.6521%
hon$202.74+0.1432%
hei$234.23+1.5037%
gd$290.4-0.1993%
cw$280.32+0.5524%
air$66.62+0.513%
b$41.1-2.3985%
aph$63.86+3.4003%
aal$10.62+0.1887%
dal$44.13+1.5183%
ual$47.37+1.3913%
save$2.96+2.7778%
luv$27.23-3.0271%
jblu$6.21+2.9851%
alk$39.46+2.0165%
arnc$NA+NA%
ati$65.54+1.9602%
crs$140.78+4.4672%
hayn$59.78+0.5382%
nue$160.89+2.4647%
rs$304.05-1.3305%
stld$130.54+2.3041%
schn$NA+NA%
aa$33.43+1.5801%
x$40.75+0.2953%
ryi$25.56+1.1476%
zeus$50.7+1.5218%
clf$15.47+1.3761%
kalu$77.76-0.3843%
wor$50.8+1.4377%
vale$10.86+1.4953%
mt$22.72+0.9329%
ggb$3.23-0.3086%
tmst$NA+NA%
fcx$45+1.0555%
cstm$16.99-0.5269%
cenx$15.42+1.715%
io$NA+NA%
hrc$NA+NA%
al$49.47+2.4012%

PZZA: Updating our EPS and Same-Store Sales Forecasts

By Ryan D. Lavender Published on March 29, 2021 at 4:12 PM

With this report, we increase our Q1E North American same-store sales forecast for Papa John’s by +130 basis points, to +13.5%. As of this writing, sell-side consensus (according to Consensus Metrix) is at +12.9%. Our increased forecast represents factors including: (1) quick-service delivery specialists still seem to be more appreciated by consumers in general, (2) stimulus-related consumer spending in January and in March, and (3) the return of the March Madness college basketball tournament — generating TV ratings on par with 2019 levels, unlike many other major sports games/events — seems to be driving demand for pizza delivery.

Updating our Q1E Kalinowski Quick-Service Pizza Same-Store Sales Index

By Ryan D. Lavender Published on March 29, 2021 at 4:09 PM

With this report, we update our data-driven Kalinowski Quick-Service Pizza Index for Q1E to +11.3%. There may even be potential for upside, based on the following positive factors: (1) quick-service delivery specialists still seem to be more appreciated by consumers in general, (2) stimulus-related consumer spending in January and in March, and (3) the return of the March Madness college basketball tournament — generating TV ratings on par with 2019 levels, unlike many other major sports games/events — seems to be driving demand for delivery.