We invite you to a Restaurant Industry call on Wednesday at 2:00 PM to discuss updates to the Hedgeye Restaurant Position Monitor and review the latest inputs impacting the restaurant industry:
- September 18th @ 2 PM
- Restaurants Subscribers CLICK HERE for event details (includes video and materials link)
The changes to the position monitor:
- Removing JACK from the LONG BIAS list—We tried to support this name, but it was a mistake.
- Moving MCD to the LONG Bias list from SHORT Bias- $5 can go a long way!
- Adding PZZA to the LONG Bias list - Bottoms are a process, and Todd Penegor, appointed as the new President and CEO of Papa Johns, effective August 2024, is making some positive changes.
- Adding YUM to the SHORT Bias list - Can YUM just run on Taco Bell?
- Adding QSR to the SHORT BIAS list - The BK turnaround is getting more expensive.
Agenda for the call:
- Changes to the Hedgeye Restaurant Position Monitor
- Overview of the changes to the PM and rationale behind the changes
- Expected revenue trends in 3Q24 for select companies
- In-depth review of the September Industry Workbook
- Current market trends and dynamics impacting the industry
- Updated macro factors driving industry sales
- Restaurant Industry employment and menu pricing
- Industry same-store sales trends, including PTA, & traffic
- Does the MCD $5 value initiative impact industry trends, and who is hurt the most?
- Restaurant industry sentiment and valuation
- Q&A session
