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NoBull Public Posts
El Pollo Loco Holdings 2Q26: Accelerating Sales Momentum Drive ↑ FY26 Outlook
El Pollo Loco delivered +3.9% system-wide comps growth in 2Q, accelerating to +5.8% through late July, while its restaurant-level margin expanded +40 bps to 19.5%. FY26 comp guidance was increased to +3.5% to +4.5%, reflecting menu innovation & digital growth, while improving operating efficiencies support adjusted EBITDA growth guidance of +2% to +5%.
Zillow Group 2Q26: Elevated Mortgage Rates Continue to Pressure Housing Affordability & Demand
Housing affordability remains challenged as elevated mortgage rates weigh on mortgage-dependent buyers, with the 2026 purchase mortgage market now expected to decline low-to-mid-single digits. Meanwhile, subdued transaction activity continues to shift housing demand toward rentals (multifamily demand remains comparatively resilient).
US Foods Holding Corp. 2Q26: Record Profitability as Independent Restaurant Growth Accelerates
US Foods’ 2Q sales increased +4.5% y/y, reflecting +5.1% independent restaurant cases growth, while adjusted EBITDA increased +10.2% to a record $604MM. Pronto expansion, operating efficiencies & continued share gains support management’s reaffirmed FY26 outlook for +9% to +13% adjusted EBITDA growth.
Report Announcements
Papa Johns 2026
Papa Johns is executing well, but comp sales and transactions remain under pressure, reflecting a tough consumer environment and its limited scale as the smallest national pizza chain. Management’s growth plan—including renewed local marketing, non-pizza offerings, more product launches, and closing 300 underperforming stores—should strengthen the system.
IDR Unit Economics Report – 2026
RR’s Industry Data Report on Unit Economics provides: (1) FYE 2025 unit-level AUV along with COGs, labor, royalty, advertising, other operating and EBITDAR margin estimates for 50 chains; (2) a 5-year history of unit economic performance; (3) an analysis of food and labor cost drivers; (4) leverage ratio ranges from RR’s annual lender survey; (5) franchisee G&A & rent data; and (6) an overview of minimum wage trends.
Domino’s 2026
While Domino’s believes that its scale provides it with the ability to better withstand a pizza price war, there is no doubt that the chain’s sales and stock price would do well with a consumer rebound that we all have been anxiously waiting for.
Dashboards
Restaurant Research’s Capital Markets Dashboard
Equities Pause During July While Energy Surges Amid Shifting Monetary Policy Expectations
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