Updating our Q2E Kalinowski Fast-Casual Same-Store Sales Index

By Ryan D. Lavender Published on June 7, 2021 at 9:05 PM

With this report, we update our data-driven Kalinowski Fast-Casual Index for Q2E to +32.6%. This is the one-year figure, lapping the -10.7% number from Q2 2020. On a two-year basis, the Kalinowski Fast-Casual Index for Q2E is at +18.3%. These numbers are based on our latest proprietary checks/data as regards same-store sales performance for this segment during April, May, and early June.

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PZZA (Post-Call): Q1 was Indeed Epic

By Ryan D. Lavender Published on May 6, 2021 at 1:26 PM

Earlier today, Papa John’s reported adjusted Q1 EPS of $0.90, well above our $0.53 forecast and sell-side consensus (according to Consensus Metrix) of $0.56. The EPS outperformance appears mainly driven by much better-than-expected same-store sales. The Q1 tax rate of 20.4% was a little more favorable than our 21.0% estimate, as well.

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Which Restaurant Stocks are Most Below their 52-Week Highs?

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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