Updating our Q2E19 Kalinowski Quick-Service Pizza Same-Store Sales Index

By Mark Kalinowski Published on May 14, 2019 at 12:00 AM

With this report, we update our data-driven Kalinowski Quick-Service Pizza Index for Q2E by +40 basis points, to +1.7%. This figure is based on our latest proprietary checks/data as regards same-store sales performance for this segment during April 2019 and the beginning of May 2019.

PZZA Every Long Journey Begins with the First Steps

By Mark Kalinowski Published on May 7, 2019 at 12:00 AM

After Tuesday’s market close, Papa John’s (PZZA; Buy) reported adjusted Q1 EPS of $0.31, surpassing our $0.24 estimate and sell-side consensus (according to Consensus Metrix) of $0.24. We attribute the earnings outperformance primarily to better-than-expected Domestic Company-Owned Restaurant Expenses/Domestic Company-Owned Restaurant Sales (33.4% actual vs. 35.5% projected).

Tidbits re Chick-fil-A, U.S. Quick-Service Chicken Market Share Trends, & PZZA

By Mark Kalinowski Published on April 15, 2019 at 12:00 AM

We briefly note the following tidbits regarding privately-held Chick-fil-A, quick-service chicken sector market-share trends in the U.S., and Papa John’s (PZZA; Buy):