By Mark Kalinowski
Published on April 4, 2019 at 12:00 AM
With this report, we update our data-driven Kalinowski Family Dining Index for Q1E to +2.2% (down from +2.8% previously). Our updated figure is based on our latest proprietary checks/data as regards same-store sales performance for this segment during the second half of February 2019 and all of March 2019.
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By Mark Kalinowski
Published on April 3, 2019 at 12:00 AM
With Dave & Buster’s (PLAY; Not Rated) reporting its Q4 2018 results after Tuesday’s market close, we now have same-store sales results publicly reported from all 48 restaurant concepts for calendar Q4 2018 that comprise our Kalinowski Restaurant Industry Index. This report ranks all 48 concepts’ calendar Q4 2018 domestic samestore sales from best to worst.
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By Mark Kalinowski
Published on April 1, 2019 at 12:00 AM
Based on our latest proprietary, data-driven checks, and what appears to have been a better-than-expected March, we tweak our full-Q1E same-store sales forecast for McDonald’s (MCD; Buy) U.S. business upward by +20 basis points, to +3.2%. This places us 30 basis points above the current sell-side consensus of +2.9%. In March, we believe core menu items — including fresh-beef Quarter Pounders (both with and without bacon) — sold quite well. Toward the end of March, McDonald’s U.S. began promoting a Quarter Pounder with Cheese Deluxe (as well as the Quarter Pounder with Cheese Bacon). One aspect we like of these burgers is that they are relatively simple operationally, with (for example) SKUs that are already found in the restaurants.
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