数据拼盘！同店销售额摘要，第256卷

1.1%1.4%SSS2Y SSS Andy Barish * | Equity Analyst(415) 229-1524 | abarish@jefferies.comAlexander Slagle, CFA * | Equity Analyst(415) 229-1508 | aslagle@jefferies.comMarshall Pittman * | Equity Associate+1 (415) 229-1467 | mpittman@jefferies.comIvan Yu * | Equity Associate+1 (415) 229-1441 | iyu@jefferies.comSource: Guest XM, powered by Black Box Intelligence;Jefferies Guest XM, powered by Black Box Intelligence – Monthly SSS (top) and 2Y Average SSS (bottom).-6%-4%-2%0%2%4%Industry-10%-8%-5%-3%0%3%5%8%Casual Dining.-2%-1%0%1%2%3%4%5%6%Industry (2Y)-3%-2%-1%0%1%2%3%4%5%Casual Dining (2Y)Source: Guest XM, powered by Black Box Intelligence; JefferiesPlease see important disclosure information on pages 12 - 17 of this report.This report is intended for Jefferies clients only. Unauthorized distribution is prohibited. Guest XM, powered by Black Box Intelligence – Industry SSS – By Region & Market.-5%-4%-3%-2%-1%0%1%2%3%4%USA-8%-6%-4%-2%0%2%4%6%Southwest-4%-3%-2%-1%0%1%2%3%4%5%FloridaSource: Guest XM, powered by Black Box Intelligence; JefferiesPlease see important disclosure information on pages 12 - 17 of this report.This report is intended for Jefferies clients only. Unauthorized distribution is prohibited. Guest XM, powered by Black Box Intelligence – Regional Map (May SSS).California:-0.5%QSR:-2.9%Fast Casual:-0.4%CasualDining: 3.3%Upscale Casual:-1.1%Source: Guest XM, powered by Black Box IntelligencePlease see important disclosure information on pages 12 - 17 of this report.This report is intended for Jefferies clients only. Unauthorized distribution is prohibited. Historical Forward EV/EBITDA (NTM) Valuation Charts.4.0X6.0X8.0X10.0X12.0X14.0X16.0X18.0X20.0XMar-09Sep-09Mar-10Sep-10Mar-11Sep-11Mar-12Sep-12Mar-13Sep-13Mar-14Sep-14Mar-15Sep-15Mar-16Sep-16Mar-17Sep-17Mar-18Sep-18Mar-19Sep-19Mar-20Sep-20Mar-21Sep-21Mar-22Sep-22Mar-23Sep-23Mar-24Traditional Quick Service Forward EV/EBITDA RatioQSRQSR MeanS&P 500S&P 500 mean2.0X4.0X6.0X8.0X10.0X12.0X14.0X16.0XMar-09Sep-09Mar-10Sep-10Mar-11Sep-11Mar-12Sep-12Mar-13Sep-13Mar-14Sep-14Mar-15Sep-15Casual Dining Forward EV/EBITDA RatioCasualCasual mean4.0X8.0X12.0X16.0X20.0X24.0X28.0X32.0X36.0XMar-09Sep-09Mar-10Sep-10Mar-11Sep-11Mar-12Sep-12Mar-13Sep-13Mar-14Sep-14Mar-15Sep-15Fast Casual / Small-box Forward EV/EBITDA RatioFast Cas & Sm boxFast Cas & Sm mean2.0X4.0X6.0X8.0X10.0X12.0X14.0X16.0XMar-09Sep-09Mar-10Sep-10Mar-11Sep-11Mar-12Sep-12Mar-13Sep-13Mar-14Sep-14Mar-15Sep-15Mar-16Sep-16Mar-17Sep-17Mar-18Sep-18Mar-19Sep-19Mar-20Sep-20Mar-21Sep-21Mar-22Sep-22Mar-23Sep-23Mar-24Specialty Forward EV/EBITDA RatioSpecialtySpecialty meanS&P 500S&P 500 meanSource: Company data, Factset, JefferiesPlease see important disclosure information on pages 12 - 17 of this report.This report is intended for Jefferies clients only. Unauthorized distribution is prohibited. Stock Price Performance.6/2/25CompanySymbolPriceWTDTraditional Quick ServiceDomino's Pizza, Inc.*DPZ$466.00-1.7%Jack in the Box, Inc. *JACK$18.69-1.5%McDonald's Corp. *MCD$312.68-0.4%Papa John's Int'l, Inc.*PZZA$46.312.3%Restaurant Brands International, Inc.*QSR$72.000.8%The Wendy's Company*WEN$11.581.6%Yum! Brands, Inc. *YUM$144.630.5%Average**0.3%Family DiningCracker Barrel Old Country Store, Inc.CBRL$56.71-1.3%Dine Brands Global, Inc.DIN$23.80-1.1%Denny's Corp.DENN$3.820.0%Average-0.8%Casual DiningBloomin' Brands, Inc.*BLMN$7.630.0%Brinker International, Inc.*EAT$175.921.9%Darden Restaurants, Inc. *DRI$216.851.2%Red Robin Gourmet Burgers, Inc. *RRGB$5.8815.3%Texas Roadhouse, Inc. *TXRH$194.67-0.3%Average** (ex RRGB)0.7%Fast Casual / Small-boxDutch Bros Inc. *^BROS$71.76-0.6%CAVA Group, IncCAVA$81.250.0%Chipotle Mexican Grill, Inc. *CMG$49.84-0.5%El Pollo Loco Holdings, Inc.*LOCO$10.41-0.9%Noodles & Company*NDLS$0.814.3%Portillo's Inc *^PTLO$12.413.4%Potbelly Corp.PBPB$10.62-0.5%Starbucks Corp. *SBUX$85.191.5%Shake Shack *SHAK$128.39-1.1%SweetgreenSG$13.460.3%Wingstop *WING$349.102.2%Average (ex-CAVA for 2023)0.7%SpecialtyBJ's Restaurants, Inc. *BJRI$45.512.0%Cheesecake Factory, Inc. *CAKE$55.931.4%Dave & Buster's Entertainment, Inc.*PLAY$21.68-1.3%First Watch Restaurant Group, Inc.*^FWRG$15.33-0.7%Average0.4%Food and Foodservice distributorsPerformance Food Group *PFGC$89.22-0.4%SpartanNash Company *SPTN$19.06-2.1%Sysco *SYY$73.060.1%United Natural Foods Inc *UNFI$31.553.2%US Foods *USFD$78.89-0.3%The Chefs' Warehouse *CHEF$64.601.3%Average0.3%Restaurant Average (All)**0.8%S&P5000.4%Russell 20000.2%Source: Factset, (*) Jefferies covered stocks, (*^) SG 2021 performance represents chg from IPO price to price ended 12/31/21, CAVA 2023 performance represents chg from IPO price to YE price, (**) Excludes NDLS for 2025 periodsPlease see important disclosure information on pages 12 - 17 of this report.This report is intended for Jefferies clients only. Unauthorized distribution is prohibited. Price Target Summary.CompanyRestaurants:BJ's Restaurants, Inc.Bloomin' Brands, Inc.Brinker International, Inc.Cheesecake Factory,