By Ryan D. Lavender
Published on February 16, 2021 at 4:59 PM
In December, we published a report — “Look to Popeyes to Learn about Domino’s and Papa John’s” — in which we noted that Popeyes Louisiana Kitchen would lap highly challenging same-store sales comparisons before Domino’s and Papa John’s would, and how Popeyes performed might have some lessons for these pizza players. Since then, Popeyes’ parent company Restaurant Brands International (QSR; Not Rated) reported that Popeyes’ Q4 2020 U.S. same-store sales declined by -6.4%. This, of course, lapped Popeyes’ Q4 2019 U.S. same-store sales advance of +37.9% — the best quarter for any publicly-traded restaurant concept of meaningful size of which we are aware.
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By Mark Kalinowski
Published on January 21, 2021 at 12:00 AM
With this report, we update our data-driven Kalinowski Quick-Service Other Index for Q4E to +2.3%. This figure is based on our latest proprietary checks/data as regards same-store sales performance for this segment during October, November, and December. We believe that October same-store sales were likely the best month of the quarter, while November was likely the worst month of the quarter. (As a reminder, we define “quick-service other” as all quick-service, excluding burger, pizza, and sandwich concepts.)
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By Mark Kalinowski
Published on January 7, 2021 at 12:00 AM
With this report, we update our data-driven Kalinowski Quick-Service Burger Index for Q4E to +4.5%. This figure is based on our latest proprietary checks/data as regards same-store sales performance for this segment during October, November, and December. While we believe that sector same-store sales were fairly similar in each of these three months, it appears that November was the best of the three, and December the worst of the three, although all three ended up in the positive midsingle digits.
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