Monday April 15, 2024, 09:08:34
Data out today from the U.S. Census shows that restaurants’ market share (with grocery stores/supermarkets making up the other component) was 55.7% in March 2024. This 55.7% figure is only -20 basis points below the all-time monthly record. It’s also up by +130 basis points on a year-over-year basis.
Wednesday April 10, 2024, 09:08:36
The latest Consumer Price Index (CPI) data shows that prices for food-at-home (grocery stores and supermarkets) rose by +1.2% in March — sequentially up by +20 basis points from February’s +1.0%. This marks the first sequential rise in grocery pricing since August 2022.
Tuesday April 9, 2024, 07:03:31
With this report, we update our data-driven Kalinowski Restaurant Industry Index for Q1 2024 to +1.3%. This is the lowest showing since Q4 2020’s -2.2% — and that quarter was hit in part by the pandemic. Looking at quarters not affected by the pandemic, we have to go back to Q4 2016’s weak +0.6% number to find a quarter as sluggish as Q1 2024 was. While some of this reflects adverse weather, particularly during January 2024, it could be a sign of challenging same-store sales in general for the rest of 2024, particularly if lower-income consumers remain more conservative in their restaurant spending than they were during 2023.
Tuesday December 24, 2024
Thursday December 19, 2024
Tuesday December 24, 2024
Thursday December 19, 2024