Miscellaneous

Just about one month ago, the 2018 Restaurant Industry Snapshot was released showing that restaurant sales were very strong throughout all of 2018. Same store sales grew by a full 2 percent in December, marking it the strongest monthly performance by the index in over three years. On an annual basis, 2018 same store sales…

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Dunkin’ Doings

Dunkin’ held its Q4 earnings call yesterday and reported earnings above expectations ($.06 GAAP basis) but revenue $10 million below. In addition, it delivered a much more muted expectation for 2019 in terms of both new unit growth and earnings. US net new opens stood at 106, while US same store sales were flat in…

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Miscellaneous

The ever useful QSR Magazine Drive Thru Study was published earlier this week and it bodes pretty well for Dunkin’ while identifying some areas for improvement. The one-of-a-kind study found Dunkin’ being the 2nd fastest overall of the 10 QSR Brands displayed and fastest when including presells while enjoying 90% accuracy in completing its drive-thru…

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Dunkin’ Doings

Dunkin’ Brands released its Q2 results this week and held its first earnings call with new CEO Dave Hoffmann reporting that Dunkin’ acquired a multi-year license with CardFree, a technology “mobile wallet” platform for $100 million.  This may enable mobile and app flexibility and data capture, especially for “catering initiatives”. Brand sales and profits were largely as…

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Miscellaneous

We noted that the Small Business Administration in conjunction with the SCORE Association will be hosting a virtual conference to celebrate small business week on May 1 through May 3. The array of webinars available, all of which are free and open to the public, can be accessed here. And finally, the monthly Miller Pulse…

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Restaurant Sales & Profit

Miller Pulse released their February restaurant sales and profit tracking report earlier this week. According to the report, QSR segment same store sales rose .6% in February versus one year earlier, with average ticket up 2.8% and traffic down 2.2%. The two year trend was weaker in February than January, which signaled a more difficult…

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Weather Woes?

While the impact of Hurricanes Harvey and Irma was clearly evident in Texas and Florida, September US restaurant QSR sales improved a bit versus the trend. In the tracker (some DD units included), monthly US comp sales were up .3%, with average ticket up plus 2.3% and traffic down 2.0%. Sales improved the last two…

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Miscellaneous

It was bad news all around relative to the restaurant industry economy in the month of July, as both same store sales and traffic both dropped in the height of the summer months and the growth in average ticket slowed to a trickle during the month. SSS fell 2.8 percent during the month, down 1.8…

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Miscellaneous

We’re not sure if it was increasing minimum wages, weather or March Madness, but restaurant sales were disappointing for the entire 1st quarter of the year. For the 11th time in the past 12 months, sales were negative again for the month of March with same store sales dropping 1.1 percent and traffic down 3.4…

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Competitor News

Krispy Kreme announced last week that the company planned to maximize its growth with a greater focus on franchising because their franchise stores are outperforming their corporate shops.  For the quarter ended January 31, corporate owned stores reported same store sales growth of 0.2 percent, while those operated by a franchisee showed 3.5 percent same…

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