INVITE | SEPTEMBER RESTAURANT INDUSTRY WORKBOOK | WEDNESDAY 9/18 @ 2PM
Takeaway: Join us on Wednesday as we discuss how MCD, DRI, JACK, PZZA, YUM, QSR, and others are trending!
Join us on Wednesday 9/18 @ 2PM ET for our Sept. Restaurant Industry Workbook presentation. We'll be in studio to discuss rationale behind position monitor moves, current market trends, and the latest inputs impacting restaurants nationwide!
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 RestIndustry 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
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.
