By Thomas Paulson, Head of Market Insights
McDonald’s US “comp-sales” declined -3.6%, or roughly -2.6% excluding Leap Day. The -2.6% figure was below expectations (+0.7%) and Advan’s estimate* (-1.2% +/-0.8%) -- as such, something in the “environment” changed (that’s why you have errors in...
By Thomas Paulson, Head of Market Insights
Similarly to Chipotle, Domino’s reported softer comps for the quarter with U.S system comp-sales falling -0.5%, a figure that aligned with Advan’s -0.8% estimate* and the weaker traffic for limited-service category overall. While down, the 2- and 3-yr...
By Thomas Paulson, Head of Market Insights
Chipotle reported a +6.4% revenue increase for Q1, composed of a comp-sales decline of -0.4% and a +680 bps contribution from more locations. Breaking down the comp increase, transaction fell -2.3% (-630 bps QoQ) and check grew by +1.9%. Advan traffic...
By Thomas Paulson, Head of Market Insights
Lately, we’ve read some commentary that CEO Brian Niccol’s plan to turn Starbucks around has failed to turn the business, because the brand has lost some wallet share. However, Niccol didn’t plan an immediate turn; he has planned for a long-term sustained...
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