RR StockSense – January 2021

QSR names continue to benefit from an asset-light model which insulate these companies from store-level margin compression. This segment also benefits from healthy post-lockdown performance as strong drive-thru and digital access solutions translate into solid valuation multiples with many stocks trading close to their 52-week highs.

Read More


• RR’s Intent to Eat Out Index (our survey of 1,500 consumers’ plans to eat-out over the next month) increased +3.9% y/y (from pre-lockdown level).
• This represents an inflection point after the Index declined sharply over the last 2 months, hopefully suggesting a bottom in consumer sentiment.

Read More


KFC is a leader in traditional hand-breaded, bone-in Southern fried chicken with considerable brand equity around its Original Recipe seasoning (top selling menu option) and Extra Crispy option. This iconic brand is distinguished by red & white striped buckets (featuring the Colonel’s portrait) which represent an indulgent, pampered home meal replacement option that works particularly well post-lockdown during a time when families have returned to the practice of eating together at home.

Read More

Pizza Hut

Pizza Hut enjoys substantial scale and strong brand equity as the 2nd largest national player in the $1B+ chain pizza segment by domestic system sales. The brand has historically been distinguished by its Pan Pizzas, Stuffed Crust products and fun innovation. Its ongoing repositioning towards a modern delivery concept includes a conversion of dine-in assets to smaller stores optimized for delivery to go with brand upgrades that include: product quality enhancements; stronger value offerings (including national price points); increased national ad spend to support value and its sports sponsorships; delivery speed improvements; and progress with Hut Rewards.

Read More

Dashboard: Dec 2020

Olive Garden was First to Report for the 4Q20 Season; More Value is Necessary…; 4Q Rebound Still in Progress with a Government Backstop; Commodity & Labor Continue to Ramp-Up; Progress on Unit-Level Valuation Rebound; RR Index Ends Year in the Black; Cap Rates Tick Higher with Rates

Read More

Carl’s Jr.

Carl’s Jr. is a regional chain with a West Coast orientation and a large burger mix. Key brand attributes include: affordable burgers with double patties; premium Thickburger Angus platform; charbroiling for burgers & certain chicken sandwiches; bold flavor options (addressing its large exposure to the Hispanic demo); hand-breaded chicken tenders; made-from-scratch biscuits; and milkshakes made with hand-scooped ice cream.

Read More

Insights Journal: December 2020

We were curious what multi-unit operators thought about the use of lockdowns to manage COVID so we conducted a survey with the following questions:
1. Lockdown effectiveness?
2. Is there a better way than lockdowns?
3. What solutions would be better?

Read More


Dunkin’s DNA is built around speed & convenience as a beverage led (traditional drip coffee) to-go brand with a mid-level positioning above c-store & QSR but below Starbucks. Dunkin’s famous coffee, donuts & munchkins are legendary in core Northeast markets and the brand’s coffee authority supports its expansion into espresso (2018 upgrade), cold brew & frozen coffee.

Read More



Information Request


Signup for our newsletter