Seeking Alpha

RestaurantResearch's  Instablog

RestaurantResearch
Send Message
Phil Mangieri is a Partner at Restaurant Research LLC - a research firm which provides clients with valuable restaurant store level benchmarking data for $1B+ chains. RR data, which is obtained through our extensive network of restaurant industry players, is used by clients to maximize unit... More
My company:
Restaurant Research LLC
View RestaurantResearch's Instablogs on:
  • Trends In Protein & Produce Consumption

    (click to enlarge)

    Restaurant Research Think Piece - January 2014

    Eating Healthy

    • What does an older, more health conscious consumer population eat?
    • Depends on who you ask? According to the USDA, the obvious answer is less red meat and more poultry as evidenced by the top chart. Apparently, seafood consumption has just been treading water...
    • Tyson's data as presented in the middle chart shows a different look at boneless/skinless (B/S) chicken consumption which peaked during 2008 after ramping-up significantly since the start of the new millennium. This data suggests to us the possibility that protein consumption (even the healthy chicken kind) is tied to economic strength and price, even in the US.
    • One thing is clear from the bottom chart below, Americans are doing a good job of eating more of their veggies and fruits.
    • Conclusion? While healthy is here to stay, the restaurant industry can still probably count on overall higher protein demand when there is more cash in the consumers' wallets.

    (click to enlarge)(click to enlarge)(click to enlarge)

    (click to enlarge)

    (click to enlarge)

    Sources: Restaurant Research & USDA

    RR Clients

    Includes major lenders, investors, major US restaurant chains, operators and industry consultants. Please check www.ChainRestaurantData.com for a partial client list and customer testimonials.

    More About Us

    Restaurant Research LLC leverages an extensive network of industry players as part of its annual Concept Benchmark Analysis due diligence process for 22 large US restaurant chains. Also, RR tracks store level data for all major chains with system-wide sales in excess of $1B across all major restaurant segments in order to produce 11 key Industry Data Topic reports.

    Disclaimer of Liability: Although the information in this report has been obtained from sources Restaurant Research® LLC believes to be reliable, RR does not guarantee its accuracy. The views expressed herein are subject to change without notice and in no case can be considered as an offer or solicitation with regard to the purchase or sales of any securities. Restaurant Research's analyses and opinions are not a guarantee of the future performance of any company or individual franchisee. RR disclaims all liability for any misstatements or omissions that occur in the publication of this report. In making this report available, no client, advisory, fiduciary or professional relationship is implied or established. This report is intended to provide an overview of the restaurant industry, but cannot be used as a substitute for independent investigations and sound business judgment. Copyright 2014 Restaurant Research® LLC. All rights reserved.

    Jan 21 3:31 PM | Link | Comment!
  • Restaurant Research Thermometer Magazine - December Dashboard

    www.ChainRestaurantData.com

    Download Thermometer Magazine Here

    (click to enlarge)

    Jan 06 1:52 PM | Link | Comment!
  • Industry Lesson From C-Stores

    Restaurant Research Think Piece

    www.ChainRestaurantData.com

    (click to enlarge)

    Industry Lesson from C-Stores

    • What happens when ramping gas prices cause volumes to decline? Answer: the c-store industry increases margins sufficiently to maintain gross profit over time as evident by bottom chart.
    • How does this relate to restaurant operators? Prospects of higher labor costs stemming from Obamacare and possibly higher minimum wage requirements means higher menu prices and, likely, lower traffic.
    • However, we expect that rational industry-wide menu price increases will be sufficient to maintain restaurant store level profits despite lower traffic levels.
    • Just like the c-store industry demonstrated sufficient resiliency to ultimately adjust prices to reflect their fixed costs, the restaurant industry will also adapt.
    • Conclusion? Higher costs necessarily mean even higher retail prices. This translates into more gas efficient cars and thinner diners, but still profitable operators...

    (click to enlarge)

    (click to enlarge)

    Sources: Restaurant Research, Hopkins Appraisal & EIA

    (click to enlarge)

    RR Clients

    Includes major lenders, investors, major US restaurant chains, operators and industry consultants. Please check www.ChainRestaurantData.com for a partial client list and customer testimonials.

    More About Us

    Restaurant Research LLC leverages an extensive network of industry players as part of its annual Concept Benchmark Analysis due diligence process for 22 large US restaurant chains. Also, RR tracks store level data for all major chains with system-wide sales in excess of $1B across all major restaurant segments in order to produce 11 key Industry Data Topic reports.

    Disclaimer of Liability: Although the information in this report has been obtained from sources Restaurant Research® LLC believes to be reliable, RR does not guarantee its accuracy. The views expressed herein are subject to change without notice and in no case can be considered as an offer or solicitation with regard to the purchase or sales of any securities. Restaurant Research's analyses and opinions are not a guarantee of the future performance of any company or individual franchisee. RR disclaims all liability for any misstatements or omissions that occur in the publication of this report. In making this report available, no client, advisory, fiduciary or professional relationship is implied or established. This report is intended to provide an overview of the restaurant industry, but cannot be used as a substitute for independent investigations and sound business judgment. Copyright 2013 Restaurant Research® LLC. All rights reserved.

    Dec 18 11:14 AM | Link | Comment!
Full index of posts »
Latest Followers

StockTalks

More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.