1Q22 Investor Call Summary

Jun 8, 2022 | Investor Briefs


Applebee’s – Sales reflect ongoing consumer strength and the brand’s value positioning.

Chili’s – A dine-in mix recovery is driving check with dine-in checks +$8 higher than to-go. 

Denny’s – 50% of comp growth from check and 50% from traffic. Off-premise remains 2x 2019 level.

IHOP – Positive comps across all dayparts (particularly late-night & breakfast).


McDonald’s – 8% price increase translated into +5.5% comp growth offset by mix, traffic and order count.

Wendy’s – Expecting double-digit 2-year comps during 2H22 that will be less robust than 1H22 results.

Jack in the Box – Concerns about impact of lower income demo weakness on sales.

Burger King – Corporate is exploring ways to assist struggling franchisees. 


Papa John’s – Check supported by premium innovation.

Domino’s – Sales suffered from a lack of delivery drivers and menu price increases.

Pizza Hut – While consumer demand remains strong, sales suffered from delivery driver shortages. 


Wingstop – MSD comp decline in March & April attributed to pent-up dine-in demand is improving.

Popeyes – Staffing challenges, heightened competition in chicken sandwiches & lap of 2021 stimmy.

KFC – Sales helped by digital & chicken sandwich platform.

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