co$NA+NA%
cl$101+0.4176%
ng$3.38+0.2967%
ba$149.37-3.4142%
hwm$103.7+0.6894%
hxl$59.35-0.2689%
wwd$161.98+0.5275%
rtx$123.95+0.3644%
ge$189.28+0.9655%
txt$86.34+1.5884%
tgi$11.65-0.3422%
trs$25.21+0.5183%
tdg$1386.96+0.8244%
spr$31.74-1.5814%
lmt$605.11-0.4835%
hon$213.7+3.2367%
hei$261.42+0.5462%
gd$298.69+0.6029%
cw$344.57+1.9076%
air$62.56-1.7125%
b$46.53+0.0215%
aph$64.94+0.9482%
aal$11.93+0.0839%
dal$50.98+0.7112%
ual$59.43-0.9665%
save$1.72-9.4737%
luv$30.64-0.0978%
jblu$6.96-1.5559%
alk$42.8+0.1404%
arnc$NA+NA%
ati$62.83-1.8281%
crs$162.24+0.5329%
hayn$59.74+0.1845%
nue$151.82+2.5049%
rs$288.07+1.6263%
stld$130.18+2.4797%
schn$NA+NA%
aa$38.44+1.8818%
x$35.65+1.1061%
ryi$21.07+3.4364%
zeus$39.44+1.258%
clf$12.85+1.1015%
kalu$72.01+2.1708%
wor$39.59-4.8546%
vale$10.91-1.267%
mt$24.62-0.0406%
ggb$3.42-1.1561%
tmst$NA+NA%
fcx$48.87+0.5763%
cstm$14.36-0.9655%
cenx$15.94+4.5604%
io$NA+NA%
hrc$NA+NA%
al$43.24+0.6752%

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.