RIFC 50 Index™

RIFC 50 Index™ - 1st Quarter 2021

RIFC 50 Index Continues Strong Rebound As Franchise Sector Prospects Markedly Improve

The RIFC 50 Index™ continued to recover strongly, gaining 7.3 percent in first quarter 2021. The fast ramp-up of the US Covid-19 vaccination program and the prospect of an approaching reopening of the economy, particularly in travel and hospitality industries, fueled a surge in the values of most components of the Index.

Thirty-eight of the Index components gained market value this quarter. Sixteen of them grew their market values by more than 20 percent, with Red Robin Gourmet Burgers (RRGB), Avis Budget Group (CAR), and Joint Chiropractic (JYNT) gaining 108.0 percent, 95.0 percent, and 85.5 percent, respectively. Index component Red Lion Hotels was acquired by Sonesta International Hotels in March 2021.

This strong performance by the RIFC 50 Index, outperforming the S&P 500 Index’ 5.8 percent quarterly return, signals a powerful upsurge of the franchising sector in the near future.

The RIFC 50 Index is up 57.8 percent over the last 12 months, up 40.8 percent over the last five years, up 97.1 percent over the last 10 years, and up 347.6 percent since its inception in 2000.

 

Q1 2021 RIFC 50 Index Table vs S&P 500 Year 2000 to 2021

  Note: The RIFC 50 Index is updated quarterly. For more information,  contact Dr. E. Hachemi Aliouche (Hachemi.Aliouche@unh.edu), Director, Rosenberg International Franchise Center. 


RIFC 50 Franchise Index Q1 2021 graph image


RIFC 50 Index™ - 4th Quarter 2020

Dunkin’ Brands Acquired For $11.3B While RIFC 50 Index Ends 2020 On Positive Note

The RIFC 50 Index™ continued to recover from the severe losses sustained earlier in the year due to the Covid-19 pandemic.  In the 4th quarter 2020, it gained 12.8 percent in market value as effective vaccines started becoming available, fueling hopes for control of the pandemic in the near future. 

Despite a very challenging year, 27 of the RIFC 50 Index’s 50 components ended the year with higher market values than at the beginning of the 2020. Seven even managed to grow their market values more than 50 percent. On the other hand, two of the Index’s components declared Chapter 11 bankruptcy protection during 2020 (Hertz and GNC). Index component Dunkin’ Brands, the parent company of iconic brands Dunkin’ and Baskin Robbins, was acquired by Inspire Brands for $11.3 billion this year. Over the last few years, Inspire Brands has acquired several RIFC 50 Index components, including Arby’s, Buffalo Wild Wings, and Sonic Drive-In.

The RIFC 50 Index is up 4.8 percent over the last 12 months, up 36.8 percent over the last five years, up 104.3 percent over the last 10 years, and up 317.2 percent since its inception in 2000.

2020 RIFC 50 Index Q4 Table Chart

Note: The RIFC 50 Index is updated quarterly. For more information,  contact Dr. E. Hachemi Aliouche (Hachemi.Aliouche@unh.edu), Director, Rosenberg International Franchise Center. 

2020 Q4 Ticker Tape for RIFC 50 Index

RIFC 50 Index™ - 3rd Quarter 2020

RIFC 50 IndexTM Regains Another 11.4% in Q3 2020

The RIFC 50 Index™ regained more of its large first quarter losses after going up 11.4 percent in 3rd quarter 2020. As the health situation improved in many parts of the United States and the world, more franchised businesses have reopened and/or resumed some services.

The RIFC 50 Index is still down percent 7.1 percent this year, up 26.8 percent over the last five years, up 95.4 percent over the last 10 years, and up 269.7 percent since its inception in 2000.

 

RIFC 50 Index Q3 Table Report 2020

Note: The RIFC 50 Index is updated quarterly. For more information,  contact Dr. E. Hachemi Aliouche (Hachemi.Aliouche@unh.edu), Director, Rosenberg International Franchise Center. 

RIFC 50 Index Q3 2020 Stock Ticker Tape Image

RIFC 50 Index™ - 2nd Quarter 2020

RIFC 50 Index Snaps Back 17.1% in Q2 Amidst Ongoing COVID-19 Pandemic

The RIFC 50 Index™ regained 17.1 percent of its market value this quarter following its worst quarterly drop since its inception. As the US and global economies started to reopen, many of the severely battered franchise business sectors, including restaurants, lodging, and travel-related businesses, started experiencing an increase in demand – though still in a limited way. 

Forty-six of the 50 components of the RIFC 50 Index made gains this quarter, with seven components making triple-digit gains. However, due to the severity of the impact of the Covid-19 pandemic on its business, car rental operator and franchisor Hertz Global Holdings filed for Chapter 11 bankruptcy protection in May 2020, though it announced that it would remain open and able to pay new vendors. By the end of the quarter, Hertz had lost over 77 percent of its market value.

Overall, financial markets sentiment improved significantly this quarter as many investors, believing the worst of the pandemic was over, snapped beat-up stocks and drove up prices of most market indices. The S&P 500 regained 20 percent of its market value. Technology and healthcare companies have powered the relatively strong performance of the S&P 500 Index.

The RIFC 50 Index is down 16.4 percent over the last 12 months, up 3.9 percent over the last five years, up 95.7 percent over the last 10 years, and up 232.0 percent since its inception in 2000.

Q2 2020 RIFC 50 Index Table vs S&P 500 Year 2000 to 2020

  Note: The RIFC 50 Index is updated quarterly. For more information,  contact Dr. E. Hachemi Aliouche (Hachemi.Aliouche@unh.edu), Director, Rosenberg International Franchise Center.