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March 2010 – Same store sales update

Quick service segment 4th quarter average same store sales: -4.7%

  • Arby’s: -11% (only down 7.4% in January)
  • Wendy’s: -3%
  • Sonic:  -13% (blames the heavy snow)
  • Carl’s Jr.: -2.6%
  • Hardees: -6.2%
  • McDonald’s: +.6%

Casual dining segment 4th quarter average same store sales: -4.2%

  • Buffalo Wild Wings:  +2.0%
    • fun facts—-Buffalo Wild Wings essentially sells a neighborhood sports bar concept. It features Buffalo style chicken wings, burgers, and other “bar” foods. Takeout represents about 13% of sales. Another 22% of total sales are derived, not surprisingly, from traditional chicken wings. Boneless wings, which have better margins than the regular kind, were 19% of Q4 sales, up from 17% in Q4 2008.
  • Famous Daves:  -6.3% for company-owned restaurants and -8.5% for franchise-operated restaurants.
  • Morton’s: -11.6%

Fast Casual segment 4th quarter average same store sales: -.08%

  • Panera Bread: +7.4%
  • Cosi: -11.9%

Pizza segment 4th quarter average same store sales: +1.8%

  • Domino’s: +1.8%
  • Papa  Murphy’s +2.0%

Family dining segment 4th quarter average same store sales: -2.7%

  • Steak n Shake: +14.4%
  • Frisch’s Big Boy: -.4%
  • Cracker Barrel: -.2%
  • Denny’s: -6.1% at corporate owned units, -7.2% at franchised units
  • iHOP: -3.1%

About Ryan Knoll

Attorney and advisor with an interest in franchising. Feel free to email me comments and questions on the "Contact Us" page.
3 comments
FuwaFuwaUsagi
FuwaFuwaUsagi

As I recall Cracker Barrel always has trouble during extended periods of bad weather. I think the reality is they cater to a more mature audience who probably is less likely to be out and about in snow storms and the like. That being said they are probably well positioned in terms of being able to generate new excitement at a reasonable cost with their customers as the boomers enter retirement and America ages. I would love to see their demographic profile of a customer.

michael webster
michael webster

Ryan; Did you see where Cosi's is being delisted?

Ryan Knoll
Ryan Knoll

Yes, I did. It's all over the Chicago papers. The fact that nobody has acquired it sheds even more light on how financial poor their business is. Most of their restaurants are way too big. They could do well with stores 25% of the size.