RR-in-5: Key Research Highlights
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Improving sales and peak inflation offers hope for the future.
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BWW is famous for its wings flavored with 24 sauces & seasonings in ascending order of heat and enjoys considerable brand equity as the largest and perhaps most iconic sports bar chain with a positioning that currently benefits from manageable wing prices.
Wally here: For those operators who have not investigated the government’s ERC program (part of the Cares Act), I recommend looking into the Bottom Line Concepts program below. The credits can be sizeable and are retroactive. Notably, qualifications for the program extend beyond a declining AUV during covid. Bottom Line Concepts will negotiate on your behalf for free & only takes a 25% cut of what you get paid. In turn, RR would receive a cut from Bottom Line’s commission as a marketing affiliate (full disclosure). To us, this represents a complete win-win opportunity for the franchisee community.
NoBullEconomics: A Restaurant Research, LLC Company
BJ’s 3-year stacked same-store-sales increased +8.2% (+8.9% y/y), representing a 3-year comp acceleration from -1.5% in 1Q22 and +4.8% in 2Q22.
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NoBullEconomics: A Restaurant Research, LLC Company
Starbucks continues to impress with +9% same-store-sales growth in North America, revealing that spending from its higher-income guests is very strong despite ongoing economic stress.
NoBullEconomics: A Restaurant Research, LLC Company
Chipotle’s labor margin has been steadily improving since covid which is quite a feat given the significant labor inflation that has developed subsequently.
NoBullEconomics: A Restaurant Research, LLC Company
Domino’s has been pushing its carryout service, which is unaffected by rising delivery costs, thus helping the chain to keep prices low in this sales channel.