Wednesday May 10, 2023, 09:01:08
By Mark Kalinowski
The latest Consumer Price Index (CPI) data shows that prices for food-at-home (grocery stores and supermarkets) rose by +7.1% in April (sequentially down by -130 basis points from March’s +8.4%). This +7.1% number compares with price for food-away-from-home (restaurants) that increased by +8.6% year-over-year in April (sequentially down by -20 basis points from March’s +8.8%). This marks the second month in which restaurant pricing is outpacing grocery/supermarket pricing since late 2021.
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Wednesday April 26, 2023, 18:28:38
By Mark Kalinowski
Black Box Intelligence released its latest monthly Black Box Index – an index which aggregates same-store sales for 175+ domestic restaurant concepts – after today’s market close. BlackBox notes that its data represents over 50,000 restaurant units, $75 billion in annual sales, and 300+ clients.
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Friday April 14, 2023, 08:57:47
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 56.1% in March 2023. Sequentially, this is slightly up from the (-10 basis point downward revised) 56.0% figure from February 2023. It also marks the second-best month ever for the U.S. restaurant industry in this regard, surpassed only by January 2023’s all-time record of 56.7%. On a year-over-year basis, the March 2023 numbers represent a +170 basis point gain in favor of restaurants.
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