Thursday October 26, 2023, 07:00:00
Black Box Intelligence has released its latest monthly Black Box Index – an index which aggregates same-store sales for 175+ domestic restaurant concepts. Black Box notes that its data represents over 50,000 restaurant units, $75 billion in annual sales, and 300+ clients.
Tuesday October 17, 2023, 09:02:23
Data out today from the U.S. Census shows that restaurants’ market share (with grocery stores/supermarkets making up the other component) was 55.3% in September 2023. This is the best-ever monthly market-share showing for the U.S. restaurant industry. The strong September percentage shows that, despite restaurant prices gaining steam at a more meaningful rate than grocery prices as of late, consumers have – at least through the end of September – not meaningfully shifted food dollars back to grocery stores and supermarkets.
Thursday October 12, 2023, 08:55:59
The latest Consumer Price Index (CPI) data shows that prices for food-at-home (grocery stores and supermarkets) rose by +2.4% in September (sequentially down by -60 basis points from August’s +3.0%). This +2.4% number compares with price for food-away-from-home (restaurants) that increased by +6.0% year-over-year in September (sequentially down by -50 basis points from August’s +6.5%). This marks the 7th month in a row for which restaurant pricing is outpacing grocery/supermarket pricing, following no such months during all of 2022.
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