Corporate Insights

Darden 1Q24: Sales +11.6% Y/Y, Comps +5.5% Y/Y

Darden 1Q24: Sales +11.6% Y/Y, Comps +5.5% Y/Y

Darden reported that industry same-restaurant sales increased +0.9% and industry same-restaurant guest counts decreased -4.2% during its fiscal 1Q24. The chain’s comps outperformed the industry by +4.1% and its traffic outperformed by +4.3% (= flattish traffic for Darden during the quarter).

read more
Walmart Investor Presentation: Inflation Here to Stay

Walmart Investor Presentation: Inflation Here to Stay

While general merchandise prices are lower y/y, they remain elevated compared to 2 years ago. As Walmart does not believe general merchandise and food (dry grocery) & consumable prices are ever going to completely disinflate, management suggests the need for a country-wide wage increase rebalancing.

read more
Checking on Retail Sales & The E-Commerce Mix

Checking on Retail Sales & The E-Commerce Mix

Aggregate advanced retail sales (including e-commerce) growth flatlined during 2Q23 & while government data for e-commerce sales performance by itself is unavailable during this period, Amazon’s performance during its recently released 2Q23 report looks solid. 

read more
eBay 2Q23: +47% Revenue Growth from Promoted Listings

eBay 2Q23: +47% Revenue Growth from Promoted Listings

While eBay makes good points about the strength of its positioning (especially during periods of economic stress), its pool of buyers and gross merchandise volume has been steadily trending down, providing an important clue to consumer spending patterns.

read more
Economic Insights from FedEx’s 4Q23 Results

Economic Insights from FedEx’s 4Q23 Results

While consumer spending growth is currently running +7% to +8%, FedEx’s growth is closer to +2% to +3% because of the post-covid e-com reset & economic pressures which are shifting consumer spending share back towards in-store shopping for non-discretionary items (like groceries) & away from online purchases & delivery for discretionary goods.

read more
Amazon’s 1Q23 Reports on the Consumer & AI

Amazon’s 1Q23 Reports on the Consumer & AI

Customers seek to stretch their budgets further & are focused on value. This is not the case for enterprises looking to implement AI, and Amazon is ready to capitalize on helping implement this burgeoning tech which is poised to transform customer service. 

read more
Become a Member
NoBull Posts Thumbnail
Restaurant Research

Email Sign-up

15 Second Posts

Digital Marketing Opportunities
Restaurant Research

A Restaurant Research LLC Company