Black Box Data
Data through the week ending May 29, 2022
Industry sales are holding up, with restaurant sales growth unchanged from the previous week, despite the many challenges faced by consumers and restaurants. Sales continue to come from increases in average spend per guest, while restaurant traffic has been negative for the last twelve weeks. Traffic growth improved compared to the previous week, posting the third-best week over the last eight-week period. The only segments that achieved positive traffic growth during the week were upscale casual and fine dining. From a sales growth perspective, the top performers during the week were fine dining, upscale casual, and quick service. All segments were able to experience positive sales growth during the week. Dine-in sales continue recovering across the industry, with almost all of its segments consistently posting positive dine-in sales growth over the last few months. The only exception is quick service, which is still seeing some occasional weeks of negative dine-in growth year over year. Most of the country (40 states) was able to post positive sales growth during the week. The best performing regions from a sales growth perspective were New England, Florida, California, and the Western region. The regions with the softest sales growth were New York-New Jersey, the Mid-Atlantic, the Southwest, and Midwest. Only New York-New Jersey experienced negative sales growth during the week.
A headwind for SHAK, which we are short.
SUNOPTA BLACK BOOK PRESENTATION TODAY (STKL)
We are hosting a review of SunOpta’s analyst day today at 12:30 PM ET. Our presentation will illustrate the secular growth drivers in plant-based milk, SunOpta’s competitive advantages, and chronicle the growth investments. We will outline in detail the plans for EBITDA to grow 100% from 2022 to 2025. Finally, we will chart the path for the share price doubling from here.
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Subscribers CLICK HERE for event details (includes video and materials link) |
MCD To Sell Korean assets?
We are hosing an MCD Black Book on Monday!
CALL DETAILS:
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According to Korea Economic Daily, "the growth rate of the domestic hamburger market has stalled due to the hamburger disease outbreak in 2016 and the coronavirus pandemic in 2019, thus McDonald's US has selected Mirae Asset Securities as an advisor and is looking for a partner to take over the McDonald's business in Korea.
