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DENN: Adjusting Our Estimates (3/28/2024)

By Mark Kalinowski Published on March 28, 2024 at 7:00 AM

This morning, we published an industry report entitled “Updating our Q1 Kalinowski Family Dining Same-Store Sales Index.” We encourage you to read that report in conjunction with this Denny’s note.

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Updating our Q1 Kalinowski Family Dining Same-Store Sales Index (3/28/2024)

By Mark Kalinowski Published on March 28, 2024 at 7:00 AM

With this report, we update our data-driven Kalinowski Family Dining Index for Q1 to -1.0%. This is the one-year figure, lapping the -15.7% number from Q1 2020, the -1.2% figure from Q1 2021, the +19.5% number from Q1 2022, and the +8.6% figure from Q1 2023. Comparing to Q1 2019 levels — a five-year (pre-pandemic) basis — the Kalinowski Family Dining Index for Q1 2024 is at +6.9%. This is the lowest such number of any major U.S. restaurant industry segment. Our latest numbers are based on our latest proprietary checks/data as regards same-store sales performance for this segment during January, February, and early-to-mid March.

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Restaurants: Latest Black Box Index Improves Sequentially, But Still Negative

By Mark Kalinowski Published on March 27, 2024 at 8:58 AM

Black Box Intelligence has released its latest monthly Black Box Index – an index which aggregates same-store sales for 175+ domestic restaurant concepts. Black Box notes that its data represents over 50,000 restaurant units, $75 billion in annual sales, and 300+ clients.

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