Monday March 18, 2024, 07:00:00
By Mark Kalinowski
With this report, we update our data-driven Kalinowski Casual Dining Index for Q1 to -0.1%. This is the one-year figure, lapping the -13.3% number from Q1 2020, the +9.8% figure from Q1 2021, the +18.9% figure from Q1 2022, and the +8.3% number from Q1 2023. On a five-year (pre-pandemic) basis, the Kalinowski Casual Dining Index for Q1 is at +22.4%. These numbers are based on our latest proprietary checks/data as regards same-store sales performance for this segment during January, February, and early-to-mid March.
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Thursday March 14, 2024, 09:36:18
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 55.7% in February 2024. This 55.7% figure is only -20 basis points below the all-time monthly record. It’s also up by +150 basis points on a year-over-year basis.
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Tuesday March 12, 2024, 08:51:10
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 February (sequentially down by -20 basis points from January’s +1.2%). This +1.0% number compares with price for food-away-from-home (restaurants) that increased by +4.5% year-over-year in February (sequentially down by -60 basis points from January’s +5.1%). This marks the 12th month in a row for which restaurant pricing is outpacing grocery/supermarket pricing.
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