• 2Q quarter to date sales momentum on a 2-yr. stacked basis looks strong as the vast majority of restaurants are now open for dine-in and capacity constraints diminish across the country.
• Commodity Inflation Aggravated by Act of Terror.
• More sellers are coming to market, driven by improving sales & profit and by the prospect of a significant increase in the capital gains tax.
stock prices
Dashboard: Jun 2020
Choppy Rebound to an Improving Trend: Same Store Sales Trends Continue to Improve; New Products Replace Free Delivery Offers; Employment Moving in the Right Direction; Commodity Prices Trend Lower, but Remain Volatile; Outlook Shifts Slightly Bearish, Strongly Favors QSR; Restaurant Stocks are Down -11% vs. Market during 1H20; Gap Between Cap Rates & 10-Year is at a 7 1/2 Year High.
Dashboard: February 2020
Solid Fundamentals, A Lot of Fear; 4Q:19 Sales Results Best Since 1Q:12; FSR Pushing Value, QSR Pushing Incremental Add-Ons; 1Q GDP Growth Outlook Looks Good for Now; Lower Beef & Chicken Help Commodity Costs; Valuation Index Turns Down; More Data to Quantify Virus Risk Would Be Nice; Investor Caution Sparks Sharp Rise in Cap Rates.
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