{"id":9666,"date":"2024-08-28T12:47:40","date_gmt":"2024-08-28T12:47:40","guid":{"rendered":"https:\/\/www.paperchase.ac\/?p=9666"},"modified":"2026-02-27T09:22:01","modified_gmt":"2026-02-27T09:22:01","slug":"the-perfect-plate-2024-july-august","status":"publish","type":"post","link":"https:\/\/www.paperchase.ac\/newsletter\/the-perfect-plate-2024-july-august\/","title":{"rendered":"The Perfect Plate \u2013 2024 July | August"},"content":{"rendered":"\n\n\t<section class=\"section casestudy__fm-section\" id=\"section_1110636752\">\n\t\t<div class=\"section-bg fill\" >\n\t\t\t<img decoding=\"async\" width=\"2346\" height=\"1146\" src=\"https:\/\/www.paperchase.ac\/wp-content\/uploads\/2026\/02\/Image-1.jpg\" class=\"bg attachment-original size-original\" alt=\"Image 1\" \/>\t\t\t\t\t\t<div class=\"section-bg-overlay absolute fill\"><\/div>\n\t\t\t\n\n\t\t<\/div>\n\n\t\t\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n\n<div class=\"row align-center\"  id=\"row-2001155067\">\n\n\n\t<div id=\"col-2054120426\" class=\"col medium-10 small-12 large-10\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-1541263292\" class=\"text casestudy__heading\">\n\t\t\n\n<h1><span class=\"ez-toc-section\" id=\"The_Perfect_Plate_%E2%80%93_2024_July_August\"><\/span>The Perfect Plate \u2013 2024 July | August<span class=\"ez-toc-section-end\"><\/span><\/h1>\n\n\t\t\n<style>\n#text-1541263292 {\n  text-align: center;\n  color: rgb(255, 255, 255);\n}\n#text-1541263292 > * {\n  color: rgb(255, 255, 255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-738096075\" class=\"text\">\n\t\t\n\n<p>As we close out Q2 2024, it\u2019s clear that the market trends we\u2019ve been observing all year are here to stay\u2026<\/p>\n\n\t\t\n<style>\n#text-738096075 {\n  text-align: center;\n  color: rgb(255, 255, 255);\n}\n#text-738096075 > * {\n  color: rgb(255, 255, 255);\n}\n<\/style>\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\n\t\t<\/div>\n\n\t\t\n<style>\n#section_1110636752 {\n  padding-top: 30px;\n  padding-bottom: 30px;\n  min-height: 450px;\n}\n#section_1110636752 .section-bg-overlay {\n  background-color: rgba(57, 0, 119, 0.5);\n}\n#section_1110636752 .section-bg img {\n  object-position: 50% 100%;\n}\n@media (min-width:550px) {\n  #section_1110636752 {\n    min-height: 600px;\n  }\n}\n<\/style>\n\t<\/section>\n\t\n\n\t<section class=\"section newsletter-post-single-page\" id=\"section_476195244\">\n\t\t<div class=\"section-bg fill\" >\n\t\t\t\t\t\t\t\t\t\n\t\t\t\n\n\t\t<\/div>\n\n\t\t\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n\n<div class=\"row row-collapse align-center\"  id=\"row-2037297782\">\n\n\n\t<div id=\"col-1765355417\" class=\"col medium-8 small-12 large-6\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"gap-2066259149\" class=\"gap-element clearfix hide-for-small\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-2066259149 {\n  padding-top: 70px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-3845705562\" class=\"text hidden\">\n\t\t\n\n<h1><span class=\"ez-toc-section\" id=\"The_Perfect_Plate_%E2%80%93_2024_July_August-2\"><\/span>The Perfect Plate \u2013 2024 July | August<span class=\"ez-toc-section-end\"><\/span><\/h1>\n\t\t\n<style>\n#text-3845705562 {\n  text-align: left;\n  color: rgb(0, 0, 0);\n}\n#text-3845705562 > * {\n  color: rgb(0, 0, 0);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-535188352\" class=\"text subtitle-newsletter hidden\">\n\t\t\n\n<p>Every month, we\u2019ll provide updates on the latest trends in the restaurant industry. We\u2019ll include financial insights, charts, and public market comps.<\/p>\n\t\t\n<style>\n#text-535188352 {\n  text-align: left;\n  color: rgb(0, 0, 0);\n}\n#text-535188352 > * {\n  color: rgb(0, 0, 0);\n}\n<\/style>\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n<div class=\"row row-collapse align-equal align-center\"  id=\"row-309374779\">\n\n\n\t<div id=\"col-1837079380\" class=\"col medium-8 small-12 large-3\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-4024546309\" class=\"text author-box-newsletter\">\n\t\t\n\n<p><img decoding=\"async\" class=\"newsletter-author-img\" src=\"https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/03\/DIMITRE-KROUCHEV_-Head-Shot.png\" alt=\"Paperchase\"><\/p>\n<p class=\"newsletter-author\">By <a href=\"https:\/\/www.paperchase.ac\/dimitre-krouchev\/\">Dimitre Krouchev<\/a><\/p>\n\t\t\n<style>\n#text-4024546309 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1994519860\" class=\"col medium-8 small-12 large-3\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<div class=\"social-icons share-icons share-row relative full-width text-right icon-style-outline\" style=\"font-size:80%\"><a href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/www.paperchase.ac\/newsletter\/the-perfect-plate-2024-july-august\/\" data-label=\"Facebook\" onclick=\"window.open(this.href,this.title,'width=500,height=500,top=300px,left=300px'); return false;\" target=\"_blank\" class=\"icon button circle is-outline tooltip facebook\" title=\"Share on Facebook\" aria-label=\"Share on Facebook\" rel=\"noopener nofollow\"><i class=\"icon-facebook\" aria-hidden=\"true\"><\/i><\/a><a href=\"https:\/\/x.com\/share?url=https:\/\/www.paperchase.ac\/newsletter\/the-perfect-plate-2024-july-august\/\" onclick=\"window.open(this.href,this.title,'width=500,height=500,top=300px,left=300px'); return false;\" target=\"_blank\" class=\"icon button circle is-outline tooltip x\" title=\"Share on X\" aria-label=\"Share on X\" rel=\"noopener nofollow\"><i class=\"icon-x\" aria-hidden=\"true\"><\/i><\/a><a href=\"mailto:?subject=The%20Perfect%20Plate%20%E2%80%93%202024%20July%20%7C%20August&body=Check%20this%20out%3A%20https%3A%2F%2Fwww.paperchase.ac%2Fnewsletter%2Fthe-perfect-plate-2024-july-august%2F\" class=\"icon button circle is-outline tooltip email\" title=\"Email to a Friend\" aria-label=\"Email to a Friend\" rel=\"nofollow\"><i class=\"icon-envelop\" aria-hidden=\"true\"><\/i><\/a><a href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/www.paperchase.ac\/newsletter\/the-perfect-plate-2024-july-august\/&title=The%20Perfect%20Plate%20%E2%80%93%202024%20July%20%7C%20August\" onclick=\"window.open(this.href,this.title,'width=500,height=500,top=300px,left=300px'); return false;\" target=\"_blank\" class=\"icon button circle is-outline tooltip linkedin\" title=\"Share on LinkedIn\" aria-label=\"Share on LinkedIn\" rel=\"noopener nofollow\"><i class=\"icon-linkedin\" aria-hidden=\"true\"><\/i><\/a><\/div>\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\t<div id=\"gap-746832195\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-746832195 {\n  padding-top: 30px;\n}\n<\/style>\n\t<\/div>\n\t\n\n<div class=\"row row-collapse\"  id=\"row-380443438\">\n\n\n\t<div id=\"col-1340217892\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<div class=\"text-center\"><div class=\"is-divider divider clearfix\" style=\"margin-top:0px;margin-bottom:0px;max-width:1000px;height:1px;background-color:rgb(57, 0, 119);\"><\/div><\/div>\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\t<div id=\"gap-1140992808\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1140992808 {\n  padding-top: 30px;\n}\n<\/style>\n\t<\/div>\n\t\n\n<div class=\"row row-collapse align-center\"  id=\"row-519640136\">\n\n\n\t<div id=\"col-562595540\" class=\"col medium-6 small-12 large-6\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-1639635203\" class=\"text txt-a\">\n\t\t\n\n<p>If you are a hospitality investor or interested in learning more about investing in restaurants &amp; hospitality \u2013 <a href=\"#\" class=\"popmake-4962\"><strong>subscribe<\/strong><\/a>\u00a0to access private offerings from our select clients.<\/p>\n\t\t\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\n\t\t<\/div>\n\n\t\t\n<style>\n#section_476195244 {\n  padding-top: 0px;\n  padding-bottom: 0px;\n}\n<\/style>\n\t<\/section>\n\t\n\n\t<section class=\"section newsletter-post-single-page\" id=\"section_784526752\">\n\t\t<div class=\"section-bg fill\" >\n\t\t\t\t\t\t\t\t\t\n\t\t\t\n\n\t\t<\/div>\n\n\t\t\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n\n<div class=\"row row-collapse align-center\"  id=\"row-1512755548\">\n\n\n\t<div id=\"col-1433355139\" class=\"col medium-8 small-12 large-6\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-423952409\" class=\"text\">\n\t\t\n\n<h2><span class=\"ez-toc-section\" id=\"Public_Market_Update\"><\/span>Public Market Update<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\t\t\n<style>\n#text-423952409 {\n  text-align: left;\n  color: rgb(187, 176, 255);\n}\n#text-423952409 > * {\n  color: rgb(187, 176, 255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-1462531844\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1462531844 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-3781949097\" class=\"text\">\n\t\t\n\n<h3><span class=\"ez-toc-section\" id=\"Q2_2024_Market_Insights_Fast_Casual_Continues_to_Lead\"><\/span>Q2 2024 Market Insights: Fast Casual Continues to Lead<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\t\t\n<style>\n#text-3781949097 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-5403743\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-5403743 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-3005647825\" class=\"text newsletter-txt-li\">\n\t\t\n\n<p>As we close out Q2 2024, it&#8217;s clear that the market trends we&#8217;ve been observing all year are here to stay. Much like in Q1, Fast Casual leaders continue to dominate the landscape with impressive growth.<\/p>\n\t\t\n<style>\n#text-3005647825 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-1217006186\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1217006186 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-3415121734\" class=\"text newsletter-txt-li\">\n\t\t\n\n<p>CAVA, Sweetgreen, and Shake Shack have all shown strong performances, affirming the shift in consumer behavior toward brands that offer a mix of quality, convenience, and value. These brands have not only built strong customer loyalty but have also strategically positioned themselves in prime real estate locations\u2014key factors driving their success.<\/p>\n\t\t\n<style>\n#text-3415121734 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-719404331\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-719404331 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-3775194632\" class=\"text newsletter-txt-li\">\n\t\t\n\n<p>What\u2019s even more surprising is that these Fast Casual stocks are outperforming the &#8220;Tech Seven&#8221;\u2014Apple, Microsoft, Alphabet, Amazon, Meta, Nvidia, and Tesla\u2014over the last year. While the tech giants have seen their stock growth slow after their pandemic-era boom, Fast Casual leaders are capturing the attention of investors seeking growth in sectors that are benefiting from post-pandemic consumer shifts.<\/p>\n\t\t\n<style>\n#text-3775194632 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-118127413\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-118127413 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_1366226740\">\n\t\t\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t<img decoding=\"async\" width=\"2132\" height=\"898\" src=\"https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Q2-2024-Market-Insights-Fast-Casual-Continues-to-Lead.png\" class=\"attachment-original size-original\" alt=\"Q2 2024 Market Insights Fast Casual Continues to Lead\" srcset=\"https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Q2-2024-Market-Insights-Fast-Casual-Continues-to-Lead.png 2132w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Q2-2024-Market-Insights-Fast-Casual-Continues-to-Lead-300x126.png 300w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Q2-2024-Market-Insights-Fast-Casual-Continues-to-Lead-1024x431.png 1024w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Q2-2024-Market-Insights-Fast-Casual-Continues-to-Lead-768x323.png 768w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Q2-2024-Market-Insights-Fast-Casual-Continues-to-Lead-1536x647.png 1536w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Q2-2024-Market-Insights-Fast-Casual-Continues-to-Lead-2048x863.png 2048w\" sizes=\"(max-width: 2132px) 100vw, 2132px\" \/>\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n<style>\n#image_1366226740 {\n  width: 100%;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"gap-454753277\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-454753277 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-1890496788\" class=\"text\">\n\t\t\n\n<h3><span class=\"ez-toc-section\" id=\"CAVAs_Momentum\"><\/span>CAVA&#8217;s Momentum<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\t\t\n<style>\n#text-1890496788 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-393030021\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-393030021 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-1188282658\" class=\"text newsletter-txt-li\">\n\t\t\n\n<p>CAVA&#8217;s Q2 2024 report highlighted a robust 12% increase in same-store sales, driven by continued menu innovation and their expanding presence in suburban areas. With over 80 new stores opened in the first half of the year, CAVA\u2019s focus on blending Mediterranean flavors with a modern, customizable approach has resonated deeply with consumers looking for healthier options. CEO Brett Schulman noted that their focus on digital ordering has also paid off, with digital sales accounting for over 60% of total revenue\u2014a testament to how convenience and technology are shaping the Fast Casual space.<\/p>\n\t\t\n<style>\n#text-1188282658 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-803927452\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-803927452 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-3715634090\" class=\"text\">\n\t\t\n\n<h3><span class=\"ez-toc-section\" id=\"Sweetgreens_Digital-First_Strategy\"><\/span>Sweetgreen&#8217;s Digital-First Strategy<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\t\t\n<style>\n#text-3715634090 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-794740342\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-794740342 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-3538851132\" class=\"text newsletter-txt-li\">\n\t\t\n\n<p>Sweetgreen\u2019s Q2 2024 report echoed similar success. Their same-store sales grew by 10%, bolstered by a digital-first approach that now represents 70% of their revenue. Sweetgreen\u2019s CEO Jonathan Neman emphasized that their expansion into new markets, including their first-ever drive-thru locations, has been well-received by customers who crave both speed and quality. Neman also highlighted their loyalty program, which has reached over 5 million members, contributing to high levels of repeat business. This digital engagement has helped Sweetgreen maintain strong growth while deepening their connection with their customer base.<\/p>\n\t\t\n<style>\n#text-3538851132 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-1880083042\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1880083042 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-796393783\" class=\"text newsletter-txt-li\">\n\t\t\n\n<p>It\u2019s hard not to think about Chipotle&#8217;s potential trajectory had Brian Niccol stayed on as CEO. With his visionary leadership, Chipotle could have likely seen a similar uplift. However, even without Chipotle in the mix, the broader narrative is clear: the shift from traditional Casual Dining and QSR (Quick Service Restaurants) to Fast Casual is not just a trend\u2014it&#8217;s becoming the new standard in dining.<\/p>\n\t\t\n<style>\n#text-796393783 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-266547471\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-266547471 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-3394802134\" class=\"text newsletter-txt-li\">\n\t\t\n\n<p>Consumers are increasingly seeking a dining experience that balances speed and quality, and Fast Casual brands are excelling by offering healthier options, innovative menus, and tech-enabled conveniences, all while maintaining an affordability that resonates with today&#8217;s cost-conscious diners. This trend is shaping the industry, with Fast Casual emerging as a preferred choice for many. However, traditional Casual Dining and QSR concepts continue to play an important role, adapting their offerings to meet evolving customer preferences and exploring new ways to enhance the overall dining experience.<\/p>\n\t\t\n<style>\n#text-3394802134 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\t<div id=\"gap-1203368628\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1203368628 {\n  padding-top: 40px;\n}\n<\/style>\n\t<\/div>\n\t\n\n<div class=\"row row-collapse align-center\"  id=\"row-1047325451\">\n\n\n\t<div id=\"col-1805453750\" class=\"col medium-8 small-12 large-6\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-1255422635\" class=\"text\">\n\t\t\n\n<h2><span class=\"ez-toc-section\" id=\"Public_Market_Top_10_for_the_Week\"><\/span>Public Market Top 10 for the Week<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\t\t\n<style>\n#text-1255422635 {\n  text-align: left;\n  color: rgb(187, 176, 255);\n}\n#text-1255422635 > * {\n  color: rgb(187, 176, 255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-744159057\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-744159057 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-982145188\" class=\"text\">\n\t\t\n\n<p>CAVA leads the top 10 for the week ending July 30th, 2024.<br \/>\nStocks that have performed worse over the last year rebounded slightly over the last month.<\/p>\n\t\t\n<style>\n#text-982145188 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-220614983\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-220614983 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_2091935349\">\n\t\t\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t<img decoding=\"async\" width=\"2202\" height=\"816\" src=\"https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Public-Market-Top-10-for-the-Week.png\" class=\"attachment-original size-original\" alt=\"Public Market Top 10 for the Week\" srcset=\"https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Public-Market-Top-10-for-the-Week.png 2202w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Public-Market-Top-10-for-the-Week-300x111.png 300w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Public-Market-Top-10-for-the-Week-1024x379.png 1024w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Public-Market-Top-10-for-the-Week-768x285.png 768w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Public-Market-Top-10-for-the-Week-1536x569.png 1536w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Public-Market-Top-10-for-the-Week-2048x759.png 2048w\" sizes=\"(max-width: 2202px) 100vw, 2202px\" \/>\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n<style>\n#image_2091935349 {\n  width: 100%;\n}\n<\/style>\n\t<\/div>\n\t\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\t<div id=\"gap-562893237\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-562893237 {\n  padding-top: 40px;\n}\n<\/style>\n\t<\/div>\n\t\n\n<div class=\"row row-collapse align-center\"  id=\"row-1015596906\">\n\n\n\t<div id=\"col-2064949118\" class=\"col medium-8 small-12 large-6\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-1473960836\" class=\"text\">\n\t\t\n\n<h2><span class=\"ez-toc-section\" id=\"Public_Market_Summary_for_YTD_Returns\"><\/span>Public Market Summary for YTD Returns<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\t\t\n<style>\n#text-1473960836 {\n  text-align: left;\n  color: rgb(187, 176, 255);\n}\n#text-1473960836 > * {\n  color: rgb(187, 176, 255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-1947282107\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1947282107 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_1405738247\">\n\t\t\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t<img decoding=\"async\" width=\"2120\" height=\"1198\" src=\"https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Public-Market-Summary-for-YTD-Returns.png\" class=\"attachment-original size-original\" alt=\"Public Market Summary for YTD Returns\" srcset=\"https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Public-Market-Summary-for-YTD-Returns.png 2120w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Public-Market-Summary-for-YTD-Returns-300x170.png 300w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Public-Market-Summary-for-YTD-Returns-1024x579.png 1024w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Public-Market-Summary-for-YTD-Returns-768x434.png 768w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Public-Market-Summary-for-YTD-Returns-1536x868.png 1536w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Public-Market-Summary-for-YTD-Returns-2048x1157.png 2048w\" sizes=\"(max-width: 2120px) 100vw, 2120px\" \/>\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n<style>\n#image_1405738247 {\n  width: 100%;\n}\n<\/style>\n\t<\/div>\n\t\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\t<div id=\"gap-586188246\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-586188246 {\n  padding-top: 40px;\n}\n<\/style>\n\t<\/div>\n\t\n\n<div class=\"row row-collapse align-center\"  id=\"row-1509841498\">\n\n\n\t<div id=\"col-545303504\" class=\"col medium-8 small-12 large-6\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-1183547835\" class=\"text\">\n\t\t\n\n<h2><span class=\"ez-toc-section\" id=\"Our_Top_Article_Choices\"><\/span>Our Top Article Choices<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\t\t\n<style>\n#text-1183547835 {\n  text-align: left;\n  color: rgb(187, 176, 255);\n}\n#text-1183547835 > * {\n  color: rgb(187, 176, 255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-108767778\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-108767778 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-4111456762\" class=\"text newsletter-txt-li txt-a\">\n\t\t\n\n<ul>\n<li>Wall Street Journal &#8211; Cava Lifts Outlook After Diners Scoop Up More Falafels, Grain Bowls; Stock Jumps &#8211; <a href=\"https:\/\/www.wsj.com\/livecoverage\/stock-market-today-dow-sp500-nasdaq-live-08-22-2024\/card\/cava-lifts-outlook-after-diners-scoop-up-more-falafels-grain-bowls-stock-jumps-6lbtjGEeBTQZz3A3CB8O?mod=Searchresults_pos1&#038;page=1\" target=\"_blank\" rel=\"noopener\">Link<\/a><\/li>\n<li>Restaurant Dive &#8211; Cava\u2019s traffic surges in Q2 &#8211; <a href=\"https:\/\/www.restaurantdive.com\/news\/cavas-traffic-surges-in-q2-prices-hold-steady-in-california\/725026\/?utm_source=Sailthru&#038;utm_medium=email&#038;utm_campaign=Issue:%202024-08-23%20Restaurant%20Dive%20%5Bissue:65215%5D&#038;utm_term=Restaurant%20Dive\" target=\"_blank\" rel=\"noopener\">Link<\/a><\/li>\n<li>Restaurant Business \u2013 Why activist investors are so interested in restaurants right now &#8211; <a href=\"https:\/\/www.restaurantbusinessonline.com\/financing\/why-activist-investors-are-so-interested-restaurants-right-now?utm_source=Marketo&#038;utm_medium=email&#038;utm_campaign=NL_RB_Daily_08-21-24_09:00&#038;LID=45481459&#038;sp_eh=61ee8d7ba481d07863056c12925686ec8dbaa40370da00631fcf3729a3b40cfe&#038;mkt_tok=NTYxLVpOUC04OTcAAAGVFDr0I5j3oE5_sdKaKrAlxtY9zO9p5FLt3r5bmP8knKRO3jrbjVigFE4I236NoAP_jFm5dbP37ef0Hb3ImMLnu0qvBzZxrgorCK94eJyg_nZ7Yjg5\" target=\"_blank\" rel=\"noopener\">Link<\/a><\/li>\n<li>McKinsey Throwback &#8211; A recipe for restaurant revenue and sales growth. &#8211; <a href=\"https:\/\/www.mckinsey.com\/industries\/retail\/our-insights\/cooking-up-extraordinary-growth-for-restaurants-during-a-downturn\" target=\"_blank\" rel=\"noopener\">Link<\/a><\/li>\n<\/ul>\n\t\t\n<style>\n#text-4111456762 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\t<div id=\"gap-25522666\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-25522666 {\n  padding-top: 40px;\n}\n<\/style>\n\t<\/div>\n\t\n\n<div class=\"row row-collapse align-center\"  id=\"row-1547018343\">\n\n\n\t<div id=\"col-1288275717\" class=\"col medium-8 small-12 large-6\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-1907998371\" class=\"text\">\n\t\t\n\n<h2><span class=\"ez-toc-section\" id=\"Deal_Making_Transaction_Activity\"><\/span>Deal Making: Transaction Activity<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\t\t\n<style>\n#text-1907998371 {\n  text-align: left;\n  color: rgb(187, 176, 255);\n}\n#text-1907998371 > * {\n  color: rgb(187, 176, 255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-1215147703\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1215147703 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-1364625636\" class=\"text\">\n\t\t\n\n<h3><span class=\"ez-toc-section\" id=\"M_A_in_2024_Q2\"><\/span>M&#038;A in 2024 Q2<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\t\t\n<style>\n#text-1364625636 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-1354747646\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1354747646 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-1392722402\" class=\"text newsletter-txt-li txt-a\">\n\t\t\n\n<ul>\n<li>STK parent One Group completes acquisition of Benihana for $365M \u2013 <a href=\"https:\/\/www.bing.com\/ck\/a?!&#038;&#038;p=e996bdb2e086da95JmltdHM9MTcyMTUyMDAwMCZpZ3VpZD0zNjc2MTU4My1jYjllLTY1ZTUtMzZlYy0wNjJkY2EwYzY0MDMmaW5zaWQ9NTIwMg&#038;ptn=3&#038;ver=2&#038;hsh=3&#038;fclid=36761583-cb9e-65e5-36ec-062dca0c6403&#038;psq=%ef%82%a7+STK+parent+One+Group+completes+acquisition+of+Benihana+for+%24365M&#038;u=a1aHR0cHM6Ly93d3cucmVzdGF1cmFudGJ1c2luZXNzb25saW5lLmNvbS9maW5hbmNpbmcvc3RrLXBhcmVudC1vbmUtZ3JvdXAtY29tcGxldGVzLWFjcXVpc2l0aW9uLWJlbmloYW5hLTM2NW0&#038;ntb=1\" target=\"_blank\" rel=\"noopener\">Link<\/a><\/li>\n<\/ul>\n\t\t\n<style>\n#text-1392722402 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-1064050006\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1064050006 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-488503137\" class=\"text\">\n\t\t\n\n<h3><span class=\"ez-toc-section\" id=\"M_A_in_2024_Q1\"><\/span>M&#038;A in 2024 Q1<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\t\t\n<style>\n#text-488503137 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-1052629472\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1052629472 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-794899126\" class=\"text newsletter-txt-li txt-a\">\n\t\t\n\n<ul>\n<li>Craveworthy Brands buys major stake in Dirty Dough Cookies \u2013 <a href=\"https:\/\/www.restaurantdive.com\/news\/craveworthy-brands-acquires-dirty-dough-cookies\/705432\/\" target=\"_blank\" rel=\"noopener\">Link<\/a><\/li>\n<li>Thai Union Group looks to sell stake in Red Lobster &#8211; <a href=\"https:\/\/www.restaurantdive.com\/news\/Thai-Union-to-sell-minority-stake-Red-Lobster\/704654\/?utm_campaign=Yahoo-Licensed-Content&#038;utm_source=yahoo&#038;utm_medium=newsfeed\" target=\"_blank\" rel=\"noopener\">Link<\/a><\/li>\n<li>Burger King Company to Acquire Carrols Restaurant Group for $1.0B &#8211; <a href=\"https:\/\/www.rbi.com\/English\/news\/news-details\/2024\/Burger-King-Company-to-Acquire-Carrols-Restaurant-Group\/default.aspx\" target=\"_blank\" rel=\"noopener\">Link<\/a><\/li>\n<\/ul>\n<p><em>Source: <a href=\"https:\/\/www.restaurantdive.com\/topic\/ma\/\" target=\"_blank\" rel=\"noopener\">Restaurant Mergers &#038; Acquisitions | Restaurant Dive<\/a><\/em><\/p>\n\t\t\n<style>\n#text-794899126 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\t<div id=\"gap-1063250719\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1063250719 {\n  padding-top: 40px;\n}\n<\/style>\n\t<\/div>\n\t\n\n<div class=\"row row-collapse align-center\"  id=\"row-999568302\">\n\n\n\t<div id=\"col-96430347\" class=\"col medium-8 small-12 large-6\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-2243004662\" class=\"text\">\n\t\t\n\n<h2><span class=\"ez-toc-section\" id=\"Market_Update_Public_Comps\"><\/span>Market Update: Public Comps<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\t\t\n<style>\n#text-2243004662 {\n  text-align: left;\n  color: rgb(187, 176, 255);\n}\n#text-2243004662 > * {\n  color: rgb(187, 176, 255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-493900866\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-493900866 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-2826794394\" class=\"text newsletter-txt-li\">\n\t\t\n\n<p>Week Ending | 31\/07\/2024<\/p>\n\t\t\n<style>\n#text-2826794394 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-954585441\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-954585441 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-1896703957\" class=\"text\">\n\t\t\n\n<h3><span class=\"ez-toc-section\" id=\"Top_10_Monthly_Price_Movements\"><\/span>Top 10 Monthly Price Movements<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\t\t\n<style>\n#text-1896703957 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-294376334\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-294376334 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-1841318796\" class=\"text newsletter-txt-li\">\n\t\t\n\n<p>The last 30-day performance has had an average of 23.7% for the Top 10.<\/p>\n\t\t\n<style>\n#text-1841318796 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-1305674936\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1305674936 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_985070287\">\n\t\t\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t<img decoding=\"async\" width=\"2188\" height=\"786\" src=\"https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Market-Update-Public-Comps-31072024.png\" class=\"attachment-original size-original\" alt=\"Market Update Public Comps 31072024\" srcset=\"https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Market-Update-Public-Comps-31072024.png 2188w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Market-Update-Public-Comps-31072024-300x108.png 300w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Market-Update-Public-Comps-31072024-1024x368.png 1024w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Market-Update-Public-Comps-31072024-768x276.png 768w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Market-Update-Public-Comps-31072024-1536x552.png 1536w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Market-Update-Public-Comps-31072024-2048x736.png 2048w\" sizes=\"(max-width: 2188px) 100vw, 2188px\" \/>\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n<style>\n#image_985070287 {\n  width: 100%;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-1443528573\" class=\"text img-source-txt\">\n\t\t\n\n<p><em><strong>Source: <a href=\"https:\/\/www.restaurantdive.com\/topic\/ma\/\" target=\"_blank\" rel=\"noopener\">TIKR<a\/>, Paperchase<\/strong><\/em><\/p>\n<p><\/a><\/p>\n\t\t\n<style>\n#text-1443528573 {\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-1139983251\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1139983251 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-1582764690\" class=\"text\">\n\t\t\n\n<h3><span class=\"ez-toc-section\" id=\"Top_10_Enterprise_Value_EV_NTM_Revenue_Multiples\"><\/span>Top 10 Enterprise Value [EV] \/ NTM Revenue Multiples<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\t\t\n<style>\n#text-1582764690 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-1134979032\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1134979032 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-2558814212\" class=\"text newsletter-txt-li\">\n\t\t\n\n<p>The top 10 is made up of mostly Franchisor entities, which have higher multiples than company owned concepts. Consensus revenue growth forecasts estimate ~10% growth into 2024. The growth guidance is attributable to store growth and price increases.<\/p>\n\t\t\n<style>\n#text-2558814212 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-2124184991\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-2124184991 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_959234118\">\n\t\t\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t<img decoding=\"async\" width=\"2074\" height=\"828\" src=\"https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Top-10-Enterprise-Value-EV-NTM-Revenue-Multiples.png\" class=\"attachment-original size-original\" alt=\"Top 10 Enterprise Value EV NTM Revenue Multiples\" srcset=\"https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Top-10-Enterprise-Value-EV-NTM-Revenue-Multiples.png 2074w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Top-10-Enterprise-Value-EV-NTM-Revenue-Multiples-300x120.png 300w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Top-10-Enterprise-Value-EV-NTM-Revenue-Multiples-1024x409.png 1024w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Top-10-Enterprise-Value-EV-NTM-Revenue-Multiples-768x307.png 768w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Top-10-Enterprise-Value-EV-NTM-Revenue-Multiples-1536x613.png 1536w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Top-10-Enterprise-Value-EV-NTM-Revenue-Multiples-2048x818.png 2048w\" sizes=\"(max-width: 2074px) 100vw, 2074px\" \/>\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n<style>\n#image_959234118 {\n  width: 100%;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-2038631484\" class=\"text img-source-txt\">\n\t\t\n\n<p><em><strong>Source: <a href=\"https:\/\/www.restaurantdive.com\/topic\/ma\/\" target=\"_blank\" rel=\"noopener\">TIKR<a\/>, Paperchase<\/strong><\/em><\/p>\n<p><\/a><\/p>\n\t\t\n<style>\n#text-2038631484 {\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\t<div id=\"gap-424922593\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-424922593 {\n  padding-top: 40px;\n}\n<\/style>\n\t<\/div>\n\t\n\n<div class=\"row row-collapse align-center\"  id=\"row-1288115728\">\n\n\n\t<div id=\"col-1014380486\" class=\"col medium-8 small-12 large-6\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-966258792\" class=\"text\">\n\t\t\n\n<h2><span class=\"ez-toc-section\" id=\"Public_Comps_%E2%80%93_Trends\"><\/span>Public Comps &#8211; Trends<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\t\t\n<style>\n#text-966258792 {\n  text-align: left;\n  color: rgb(187, 176, 255);\n}\n#text-966258792 > * {\n  color: rgb(187, 176, 255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-1548500220\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1548500220 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-3160815606\" class=\"text\">\n\t\t\n\n<h3><span class=\"ez-toc-section\" id=\"Trend_%E2%80%93_Enterprise_Value_EV_LTM_Revenue_Multiples\"><\/span>Trend &#8211; Enterprise Value [EV] \/ LTM <span style=\"text-decoration: underline;\">Revenue<\/span> Multiples<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\t\t\n<style>\n#text-3160815606 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-1112619434\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1112619434 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-4145552449\" class=\"text newsletter-txt-li\">\n\t\t\n\n<p>The restaurant industry has seen valuations decline due to interest rate increases.<\/p>\n\t\t\n<style>\n#text-4145552449 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-792648997\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-792648997 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_1740100642\">\n\t\t\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t<img decoding=\"async\" width=\"2132\" height=\"840\" src=\"https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Trend-Enterprise-Value-EV-LTM-Revenue.png\" class=\"attachment-original size-original\" alt=\"Trend Enterprise Value EV LTM Revenue\" srcset=\"https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Trend-Enterprise-Value-EV-LTM-Revenue.png 2132w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Trend-Enterprise-Value-EV-LTM-Revenue-300x118.png 300w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Trend-Enterprise-Value-EV-LTM-Revenue-1024x403.png 1024w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Trend-Enterprise-Value-EV-LTM-Revenue-768x303.png 768w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Trend-Enterprise-Value-EV-LTM-Revenue-1536x605.png 1536w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Trend-Enterprise-Value-EV-LTM-Revenue-2048x807.png 2048w\" sizes=\"(max-width: 2132px) 100vw, 2132px\" \/>\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n<style>\n#image_1740100642 {\n  width: 100%;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-1582363025\" class=\"text\">\n\t\t\n\n<h3><span class=\"ez-toc-section\" id=\"Trend_%E2%80%93_Enterprise_Value_EV_LTM_EBITDA_Multiples\"><\/span>Trend &#8211; Enterprise Value [EV] \/ LTM <span style=\"text-decoration: underline;\">EBITDA<\/span> Multiples<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\t\t\n<style>\n#text-1582363025 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-1204052900\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1204052900 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_497325066\">\n\t\t\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t<img decoding=\"async\" width=\"2126\" height=\"854\" src=\"https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Trend-Enterprise-Value-EV-LTM-EBITDA.png\" class=\"attachment-original size-original\" alt=\"Trend Enterprise Value EV LTM EBITDA\" srcset=\"https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Trend-Enterprise-Value-EV-LTM-EBITDA.png 2126w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Trend-Enterprise-Value-EV-LTM-EBITDA-300x121.png 300w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Trend-Enterprise-Value-EV-LTM-EBITDA-1024x411.png 1024w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Trend-Enterprise-Value-EV-LTM-EBITDA-768x309.png 768w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Trend-Enterprise-Value-EV-LTM-EBITDA-1536x617.png 1536w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Trend-Enterprise-Value-EV-LTM-EBITDA-2048x823.png 2048w\" sizes=\"(max-width: 2126px) 100vw, 2126px\" \/>\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n<style>\n#image_497325066 {\n  width: 100%;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"gap-1649961842\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1649961842 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\t<div id=\"gap-728228695\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-728228695 {\n  padding-top: 40px;\n}\n<\/style>\n\t<\/div>\n\t\n\n<div class=\"row row-collapse align-center\"  id=\"row-1611367653\">\n\n\n\t<div id=\"col-1437785\" class=\"col medium-8 small-12 large-6\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-66144469\" class=\"text\">\n\t\t\n\n<h3><span class=\"ez-toc-section\" id=\"Revenue_Multiple_Trends\"><\/span>Revenue Multiple Trends<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\t\t\n<style>\n#text-66144469 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-143720854\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-143720854 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-1531233168\" class=\"text newsletter-txt-li txt-a\">\n\t\t\n\n<p>Restaurant businesses are generally valued on multiples of their revenue or EBITDA, depending on their capital structure, growth potential, and franchise model. For example, a McDonald&#8217;s franchise has a higher revenue multiple than a company-owned restaurant chain like Shake Shack.<\/p>\n\t\t\n<style>\n#text-1531233168 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3640966987\" class=\"text newsletter-txt-li txt-a\">\n\t\t\n\n<p>Here are some of the factors that affect restaurant valuation multiples:<\/p>\n\t\t\n<style>\n#text-3640966987 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-253897353\" class=\"text newsletter-txt-li txt-a\">\n\t\t\n\n<ul>\n<li><strong>Capital structure:<\/strong> Businesses with less debt and more equity tend to have higher valuation multiples.<\/li>\n<li><strong>Growth potential:<\/strong> Businesses with high growth potential tend to have higher valuation multiples.<\/li>\n<li><strong>Franchise model:<\/strong> Franchise businesses tend to have higher valuation multiples than company-owned businesses.<\/li>\n<\/ul>\n\t\t\n<style>\n#text-253897353 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-583402978\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-583402978 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_2056426488\">\n\t\t\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t<img decoding=\"async\" width=\"2142\" height=\"646\" src=\"https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Revenue-Multiple-Trends-X.png\" class=\"attachment-original size-original\" alt=\"Revenue Multiple Trends X\" srcset=\"https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Revenue-Multiple-Trends-X.png 2142w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Revenue-Multiple-Trends-X-300x90.png 300w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Revenue-Multiple-Trends-X-1024x309.png 1024w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Revenue-Multiple-Trends-X-768x232.png 768w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Revenue-Multiple-Trends-X-1536x463.png 1536w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Revenue-Multiple-Trends-X-2048x618.png 2048w\" sizes=\"(max-width: 2142px) 100vw, 2142px\" \/>\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n<style>\n#image_2056426488 {\n  width: 100%;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_1981947787\">\n\t\t\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t<img decoding=\"async\" width=\"2124\" height=\"674\" src=\"https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Revenue-Multiple-Trends-Y.png\" class=\"attachment-original size-original\" alt=\"Revenue Multiple Trends Y\" srcset=\"https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Revenue-Multiple-Trends-Y.png 2124w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Revenue-Multiple-Trends-Y-300x95.png 300w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Revenue-Multiple-Trends-Y-1024x325.png 1024w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Revenue-Multiple-Trends-Y-768x244.png 768w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Revenue-Multiple-Trends-Y-1536x487.png 1536w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/Revenue-Multiple-Trends-Y-2048x650.png 2048w\" sizes=\"(max-width: 2124px) 100vw, 2124px\" \/>\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n<style>\n#image_1981947787 {\n  width: 100%;\n}\n<\/style>\n\t<\/div>\n\t\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\t<div id=\"gap-2080064831\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-2080064831 {\n  padding-top: 40px;\n}\n<\/style>\n\t<\/div>\n\t\n\n<div class=\"row row-collapse align-center\"  id=\"row-542339451\">\n\n\n\t<div id=\"col-884281688\" class=\"col medium-8 small-12 large-6\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-1096470629\" class=\"text\">\n\t\t\n\n<h3><span class=\"ez-toc-section\" id=\"EBITDA_Multiple_Trends\"><\/span>EBITDA Multiple Trends<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\t\t\n<style>\n#text-1096470629 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"gap-1295855034\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1295855034 {\n  padding-top: 10px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_1081881334\">\n\t\t\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t<img decoding=\"async\" width=\"2116\" height=\"642\" src=\"https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/EBITDA-Multiple-Trends-150.png\" class=\"attachment-original size-original\" alt=\"EBITDA Multiple Trends 150\" srcset=\"https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/EBITDA-Multiple-Trends-150.png 2116w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/EBITDA-Multiple-Trends-150-300x91.png 300w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/EBITDA-Multiple-Trends-150-1024x311.png 1024w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/EBITDA-Multiple-Trends-150-768x233.png 768w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/EBITDA-Multiple-Trends-150-1536x466.png 1536w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/EBITDA-Multiple-Trends-150-2048x621.png 2048w\" sizes=\"(max-width: 2116px) 100vw, 2116px\" \/>\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n<style>\n#image_1081881334 {\n  width: 100%;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_2134320739\">\n\t\t\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t<img decoding=\"async\" width=\"2124\" height=\"672\" src=\"https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/EBITDA-Multiple-Trends-89.png\" class=\"attachment-original size-original\" alt=\"EBITDA Multiple Trends 89\" srcset=\"https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/EBITDA-Multiple-Trends-89.png 2124w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/EBITDA-Multiple-Trends-89-300x95.png 300w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/EBITDA-Multiple-Trends-89-1024x324.png 1024w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/EBITDA-Multiple-Trends-89-768x243.png 768w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/EBITDA-Multiple-Trends-89-1536x486.png 1536w, https:\/\/www.paperchase.ac\/wp-content\/uploads\/2024\/08\/EBITDA-Multiple-Trends-89-2048x648.png 2048w\" sizes=\"(max-width: 2124px) 100vw, 2124px\" \/>\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n<style>\n#image_2134320739 {\n  width: 100%;\n}\n<\/style>\n\t<\/div>\n\t\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\n\t\t<\/div>\n\n\t\t\n<style>\n#section_784526752 {\n  padding-top: 0px;\n  padding-bottom: 0px;\n}\n<\/style>\n\t<\/section>\n\t\n\n\t<section class=\"section newsletter-bottom-sec source-disc-sec content_sec\" id=\"section_97815310\">\n\t\t<div class=\"section-bg fill\" >\n\t\t\t\t\t\t\t\t\t\n\t\t\t\n\n\t\t<\/div>\n\n\t\t\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n\n<div class=\"row row-collapse align-center\"  id=\"row-1286520277\">\n\n\n\t<div id=\"col-51266675\" class=\"col medium-6 small-12 large-6\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"gap-465778157\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-465778157 {\n  padding-top: 40px;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div id=\"text-242627043\" class=\"text\">\n\t\t\n\n<h2><span class=\"ez-toc-section\" id=\"Sources\"><\/span>Sources<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\t\t\n<style>\n#text-242627043 {\n  color: rgb(187, 176, 255);\n}\n#text-242627043 > * {\n  color: rgb(187, 176, 255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3342346285\" class=\"text headingWithCopyText\">\n\t\t\n\n<p>TIKR<br \/>Bloomberg<br \/>Company 10-Q and 10-K Filings<br \/>Restaurant Business<\/p>\n\t\t\n<style>\n#text-3342346285 {\n  color: rgb(0, 0, 0);\n}\n#text-3342346285 > * {\n  color: rgb(0, 0, 0);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3088988358\" class=\"text headingWithCopyText links-txt-p\">\n\t\t\n\n<p>Bureau of Labor Statistics (BLS) [<a href=\"https:\/\/www.bls.gov\" target=\"_blank\" rel=\"noopener\">bls.gov<\/a>]\n<p>U.S. Bureau of Economic Analysis (BEA) [<a href=\"https:\/\/www.bea.gov\" target=\"_blank\" rel=\"noopener\">bea.gov<\/a>]\n<p>U.S. Department of Agriculture (USDA) Economic Research Service [<a href=\"https:\/\/www.ers.usda.gov\" target=\"_blank\" rel=\"noopener\">ers.usda.gov<\/a>]\n<p>Federal Reserve Economic Data (FRED) [<a href=\"https:\/\/www.fred.stlouisfed.org\" target=\"_blank\" rel=\"noopener\">fred.stlouisfed.org<\/a>]\n<p>National Restaurant Association [<a href=\"https:\/\/www.restaurant.org\" target=\"_blank\" rel=\"noopener\">restaurant.org<\/a>]\n<p>International Monetary Fund (IMF) [<a href=\"https:\/\/www.imf.org\" target=\"_blank\" rel=\"noopener\">imf.org<\/a>]\n\t\t\n<style>\n#text-3088988358 {\n  color: rgb(0, 0, 0);\n}\n#text-3088988358 > * {\n  color: rgb(0, 0, 0);\n}\n<\/style>\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\t<div id=\"gap-1566527607\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1566527607 {\n  padding-top: 30px;\n}\n<\/style>\n\t<\/div>\n\t\n\n<div class=\"row row-collapse align-center\"  id=\"row-650528635\">\n\n\n\t<div id=\"col-302520034\" class=\"col medium-12 small-12 large-6\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\t<div id=\"text-2806633048\" class=\"text\">\n\t\t\n\n<h2><span class=\"ez-toc-section\" id=\"Disclaimer\"><\/span>Disclaimer<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\t\t\n<style>\n#text-2806633048 {\n  color: rgb(187, 176, 255);\n}\n#text-2806633048 > * {\n  color: rgb(187, 176, 255);\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-492446212\" class=\"text headingWithCopyText\">\n\t\t\n\n<p>The information provided is believed to be from reliable sources, but no liability is accepted for any inaccuracies.  This is for information purposes and should not be construed as an investment recommendation.  Past performance is no guarantee of future performance.<\/p>\n<p>This post and the information presented are intended for informational purposes only. The views expressed herein are the author\u2019s alone and do not constitute an offer to sell, or a recommendation to purchase, or a solicitation of an offer to buy, any security, nor a recommendation for any investment product or service. While certain information contained herein has been obtained from sources believed to be reliable, neither the author nor any of his employers or their affiliates have independently verified this information, and its accuracy and completeness cannot be guaranteed. Accordingly, no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, timeliness, or completeness of this information. The author and all employers and their affiliated persons assume no liability for this information and no obligation to update the information or analysis contained herein in the future.<\/p>\n\t\t\n<style>\n#text-492446212 {\n  color: rgb(0, 0, 0);\n}\n#text-492446212 > * {\n  color: rgb(0, 0, 0);\n}\n<\/style>\n\t<\/div>\n\t\n<div class=\"social-icons share-icons share-row relative share__icon-newsletter icon-style-outline\" ><a href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/www.paperchase.ac\/newsletter\/the-perfect-plate-2024-july-august\/\" data-label=\"Facebook\" onclick=\"window.open(this.href,this.title,&#039;width=500,height=500,top=300px,left=300px&#039;); return false;\" target=\"_blank\" class=\"icon button circle is-outline facebook\" title=\"Share on Facebook\" aria-label=\"Share on Facebook\" rel=\"noopener nofollow\"><i class=\"icon-facebook\" aria-hidden=\"true\"><\/i><\/a><a href=\"https:\/\/x.com\/share?url=https:\/\/www.paperchase.ac\/newsletter\/the-perfect-plate-2024-july-august\/\" onclick=\"window.open(this.href,this.title,&#039;width=500,height=500,top=300px,left=300px&#039;); return false;\" target=\"_blank\" class=\"icon button circle is-outline x\" title=\"Share on X\" aria-label=\"Share on X\" rel=\"noopener nofollow\"><i class=\"icon-x\" aria-hidden=\"true\"><\/i><\/a><a href=\"mailto:?subject=The%20Perfect%20Plate%20%E2%80%93%202024%20July%20%7C%20August&body=Check%20this%20out%3A%20https%3A%2F%2Fwww.paperchase.ac%2Fnewsletter%2Fthe-perfect-plate-2024-july-august%2F\" class=\"icon button circle is-outline email\" title=\"Email to a Friend\" aria-label=\"Email to a Friend\" rel=\"nofollow\"><i class=\"icon-envelop\" aria-hidden=\"true\"><\/i><\/a><a href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&amp;url=https:\/\/www.paperchase.ac\/newsletter\/the-perfect-plate-2024-july-august\/&amp;title=The%20Perfect%20Plate%20%E2%80%93%202024%20July%20%7C%20August\" onclick=\"window.open(this.href,this.title,&#039;width=500,height=500,top=300px,left=300px&#039;); return false;\" target=\"_blank\" class=\"icon button circle is-outline linkedin\" title=\"Share on LinkedIn\" aria-label=\"Share on LinkedIn\" rel=\"noopener nofollow\"><i class=\"icon-linkedin\" aria-hidden=\"true\"><\/i><\/a><\/div>\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\n\t\t<\/div>\n\n\t\t\n<style>\n#section_97815310 {\n  padding-top: 30px;\n  padding-bottom: 30px;\n}\n<\/style>\n\t<\/section>\n\t\n\n","protected":false},"excerpt":{"rendered":"<p>As we close out Q2 2024, it&#8217;s clear that the market trends we&#8217;ve been observing all year are here to stay&#8230;<\/p>\n","protected":false},"author":1,"featured_media":9657,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[22],"tags":[21],"class_list":["post-9666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsletter","tag-dimitre-krouchev"],"_links":{"self":[{"href":"https:\/\/www.paperchase.ac\/wp-json\/wp\/v2\/posts\/9666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paperchase.ac\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paperchase.ac\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paperchase.ac\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paperchase.ac\/wp-json\/wp\/v2\/comments?post=9666"}],"version-history":[{"count":18,"href":"https:\/\/www.paperchase.ac\/wp-json\/wp\/v2\/posts\/9666\/revisions"}],"predecessor-version":[{"id":18053,"href":"https:\/\/www.paperchase.ac\/wp-json\/wp\/v2\/posts\/9666\/revisions\/18053"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paperchase.ac\/wp-json\/wp\/v2\/media\/9657"}],"wp:attachment":[{"href":"https:\/\/www.paperchase.ac\/wp-json\/wp\/v2\/media?parent=9666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paperchase.ac\/wp-json\/wp\/v2\/categories?post=9666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paperchase.ac\/wp-json\/wp\/v2\/tags?post=9666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}