By Ryan D. Lavender
Published on April 8, 2021 at 4:50 PM
With this report, we boost our Q1E same-store sales forecasts as follows: (1) for Taco Bell, up by +1 percentage point to +7% (according to Consensus Metrix, sell-side consensus is at +5.7%, although be aware that Yum Brands does not report its samestore sales out past the decimal point), and (2) for KFC U.S., up by +1 percentage point to +13% (consensus is at +11.6%).
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By Ryan D. Lavender
Published on April 7, 2021 at 4:23 PM
With this report, we update our data-driven Kalinowski Family Dining Index for Q1E to -7.8%. This 7.8% figure reflects implicit monthly numbers of about -27% for January 2021, -26% for February 2021, and +54% for March (helped by super-easy year-over-year comparisons being lapped from mid-to-late March 2020… we believe family dining sector same-store sales declined by about -45% during March 2020 as a whole, getting worse as that month progressed).
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By Ryan D. Lavender
Published on April 5, 2021 at 4:04 PM
With this report, we update our data-driven Kalinowski Quick-Service Burger Index for Q1E to +10.9%. This +10.9% figure reflects implicit monthly numbers of about +10% for January 2021 (helped by consumer spending driven by stimulus), +2% for February 2021 (reflecting a dwindling of the prior month’s stimulus benefits, and coupled with bad weather across a good chunk of the U.S. in mid-to-late February), and +30% for March (helped by more stimulus-related consumer spending, plus easy year-over-year comparisons being lapped from mid-to-late March 2020).
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