Consumer Discretionary
Verbatim's latest channel survey reveals weaker same-store sales trends at Taco Bell in Apr (vs. both Mar and 1Q23 trends) despite promotional menu options. The current Y/Y comparison is harder than the previous quarter on a Y/Y basis and on a multi-year basis. In Q1, Verbatim applied a bias factor of positive 200bps. Due to the tougher multi-year comparison and weaker trends, they are applying a bias of positive 200bps in Apr as well. With an Apr Raw Comp of +3%, their Apr Comp Estimate is +5% (vs. 1Q23 Actual Comp of +8%). Click here for the full report.
Edition: 161
- 26 May, 2023