Tuesday June 18, 2024, 09:14:58

Restaurants’ Rate of Market Share Gains Decelerates

By Mark Kalinowski

Data out today from the U.S. Census shows that restaurants’ market share (with grocery stores/supermarkets making up the other component) was 55.9% in May 2024. This 55.9% figure is only -40 basis points below the all-time monthly record. And while it’s also up by +60 basis points on a year-over-year basis, this is the lowest year-over-year market-share gain for the restaurant industry since a +20 basis-point gain notched in July 2022.

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Monday June 17, 2024, 07:00:00

Updating our Q2 Kalinowski Fast-Casual Same-Store Sales Index (6/17/2024)

By Mark Kalinowski

With this report, we update our data-driven Kalinowski Fast-Casual Index for Q2 to +8.8%. Comparing to Q2 2019 levels — a five-year (pre-pandemic) basis — the Kalinowski Fast-Casual Index for Q2 2024 is at +50.5%. This +50.5% figure is the best of any major restaurant sector. Our latest fast-casual numbers are based on our proprietary checks/data as regards same-store sales performance for this segment during April, May, and early June.

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Wednesday June 12, 2024, 08:53:13

Pricing Gap in Favor of Grocery Stores over Restaurants Remains at 300 Basis Points

By Mark Kalinowski

The latest Consumer Price Index (CPI) data shows that prices for food-at-home (grocery stores and supermarkets) rose by +1.0% in May — sequentially down by -10 basis points from April’s +1.1%. This +1.0% number compares with price for food-away-from-home (restaurants) that increased by +4.0% year-over-year in May (sequentially down by -10 basis points from April’s +4.1%). This marks the 15th month in a row for which restaurant pricing is outpacing grocery/supermarket pricing.

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