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.
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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.
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By Ryan D. Lavender
Published on March 8, 2021 at 5:00 PM
Sometimes, relative bargains can be unearthed when looking at a group of stocks, and comparing their current prices with these stocks’ 52-week highs. For example, many full-service restaurant stocks were -50% or more below their 52-week highs as of late March 2020, and in hindsight, this proved to be a great time to load up on many full-service restaurant stocks.
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