3Q Investor Calls & Same Store Sales

Dec 1, 2022 | Investor Briefs, Restaurant Research

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3Q22 Chain Summary
3Q22 Chain Summary
3Q22 FSR SSS
3Q22 FSR SSS

Applebee’s – Results benefited from a +7% price increase and dine-in sales that exceed 2019 levels.

Chili’s – Efforts to restructure discounting despite consumer weakness will test price sensitivity.

Denny’s – Traffic trends began to improve along with consumer confidence and consumer sentiment in August helped by Denny’s effective value equation & messaging.

IHOP – Well-rounded promotions are designed to cover: the indulgent, sweet side; the savory side; new dinner entrees; and new better-for-you items. 

3Q22 Burger SSS
3Q22 Burger SSS

McDonald’s – Leading consumer scores around value for money & affordability allowed MCD to push through a +10% menu price increase. 

Jack in the Box – Results reflected an improvement in: dining room openings (60% of system); innovation, upsell & add-ons sales; digital progress which is helping frequency; and late-night. 

Wendy’s – Results reflected high-low marketing which drove sequential improvement in traffic while also driving check growth (along with pricing).

Burger King – Results attributed to: continued Whopper emphasis; compelling value platform; launch of the Burger King Royal Crispy Chicken sandwich; strategic pricing initiatives; and positive digital contribution.

3Q22 Pizza SSS
3Q22 Pizza SSS

Papa John’s – Traffic decline driven by adherence to premium positioning at a time of lower consumer sentiment.

Domino’s – Results represented a steady sequential improvement in 3-year comps from 1Q22, helped by a smaller decline in order counts. 

Pizza Hut – Delivery benefits from new DSP partnership and improved hiring practices for drivers.

3Q22 Chicken SSS
3Q22 Chicken SSS

Wingstop – Most of the growth was driven by traffic, and comps improved sequentially throughout the quarter.

Popeye’s – Focus on improving weaker operators should help future sales.

KFC – Results benefit from value deal launches, including its popular $5 Mac & Cheese Bowls.

Concept-Updates-4Q21-Report-Sample

Quarterly-Same-Store-Sales-1Q-21-Sample

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