By Mark Kalinowski
Published on January 3, 2019 at 12:00 AM
Following our data-driven checks, we increase our Q4E 2018 same-store sales forecast for IHOP by +70 basis points, to a new “sell-side high” (according to Consensus Metrix data) of +2.0%. IHOP, the largest family dining concept in the U.S. as determined by domestic systemwide sales, likely benefited from family dining’s robust November 2018 (which will end up as either the best month or the secondbest month during 2018 for family-dining sector same-store sales) and strong start to December 2018.
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By Mark Kalinowski
Published on December 19, 2018 at 12:00 AM
With Darden Restaurants (DRI; Not Rated) recently reporting its fiscal Q2 2019 (calendar September-November 2018) results, we now have same-store sales results publicly reported from all 49 restaurant concepts for calendar Q3 (July-September) 2018 that comprise our Kalinowski Restaurant Industry Index. This report ranks all 49 concepts’ calendar Q3 2018 domestic same-store sales from best to worst.
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By Mark Kalinowski
Published on December 12, 2018 at 12:00 AM
With this report, we update our data-driven Kalinowski Quick-Service Burger Index for Q4E from +1.6% to +1.2%. (This follows our November 4th adjustment from +2.0% to +1.6%.) Today’s 40 basis-point decrease is based on our latest proprietary checks/ data as regards same-store sales performance for this segment during November, which looks like it was one of the weaker months during 2018 for burger-segment same-store sales. In part, the adjustment also reflects the reduction in our Wendy’s (WEN; Neutral) same-store sales forecast for Q4E yesterday to a new sell-side low (according to Consensus Metrix data) of 0.0%. (For more information, please refer to our December 11th report “WEN: Our Data-Driven Checks Regarding November Sales Suggest…”)
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