This report “Q3 2024 – Franchise Stock Performance” compares franchise brands across major sectors to the S&P 500. The S&P 500 grew by 4.1% in Q3, while all 6 franchise stocks we track outperformed the index. Out of the 6 stocks we tracked, all had a positive share price return in the quarter.
S&P 500 Index
July 1, 2024 5475.09
October 1, 2024 5708.75
Growth of +4.1% in Q3
The franchise stocks and sectors we are tracking include food service, fitness, real estate, home services, hospitality, and manufacturing. By tracking these brands against the S&P 500 index, we can better understand how they are performing compared to the broader macroeconomic business environment.
Additionally, analyzing the franchise group’s shares provides insights into stock price targets, earnings data, and dividend yield, offering a comprehensive view of the company’s stock performance.
Foodservice – McDonald’s (MCD)
July 1, 2024 – $249.99
October 1, 2024 $302.98
Growth of +17.5% in Q3.
Follow this link for our analysis of McDonald’s Q3 2024 results.
Fitness – Planet Fitness (PLNT)
July 1, 2024 – $72.15
October 1, 2024 $81.85
Growth of +11.9% in Q3.
Follow this link for our analysis of Planet Fitness’ Q3 2024 results.
Real Estate – RE/MAX (RMAX)
July 1 , 2024 – $8.12
October 1, 2024 – $12.49
Growth of +35% in Q3.
Follow this link for our analysis of RE/MAX’s Q3 2024 results.
Home Services – FirstService Brands (FSV)
July 1, 2024 – $152.13
October 1, 2024 – $182.31
Growth of +16.6% in Q3.
Follow this link for our analysis of FirstService’s Q3 2024 results.
Hospitality – Hilton (HLT)
July 1, 2024 – $214.23
October 1, 2024 -$229.83
Growth of +6.8% in Q3.
Follow this link for our analysis of Hilton’s Q3 2024 results.
Manufacturing – Snap-on (SNA)
July 1, 2024 – $256.90
October 1, 2024 $287.99
Growth of +10.8% in Q3.
Follow this link for our analysis of Snap-on’s Q3 2024 results.
This report is not intended to provide financial advice on how to invest your hard-earned dollars. Please seek professional advice when investing.
