Tag: Consumer Spending

Ranking the Highest-Rising Restaurant Menu Prices

Restaurant menu prices are climbing, with burgers, wings, and burritos leading the charge amid rising ingredient costs. New data reveals inflation’s bite is hitting both entrees and profits.

Investors See Long-Term Risk for Fast-Casual Chains

Fast-casual giants Chipotle and Cava are losing investor confidence after steep post-earnings stock drops. Rising costs, flat traffic, and pricing fatigue signal deeper concerns about the fast-casual segment as a whole.

Smucker Becomes the Poster Child for Packaged Food

Smucker stock has plunged to decade-lows after a bruising earnings miss and nearly $2B in impairment charges tied to its Hostess buy. With profits set to drop again, investors are questioning the company’s strategy.

Retailers Overloaded with Inventory at Summer’s Outset

Who doesn’t love a bargain? Consumers likely will be in luck this summer as retailers, whose inventories have swollen largely due to the pandemic and shifts in buying behaviors, try to rationalize their stocks amid …

Consumer Spending Shifts as Recession Warnings Loom

With COVID and Russia’s invasion of Ukraine buffeting supply chains, food availability and energy prices, economists are warning of dire times ahead as consumers shift spending patterns to cope with inflation. JPMorgan Chase & Co. …

Seafood Sales Riding Wave of ‘Blue Food’ Movement

Seafood sales continue to trend upward at the grocery store as health and environmental benefits sway more consumers towards so-called “blue foods” and restaurant accessibility remains in flux. Overall sales for the category totaled $16.8 …

Report: U.S. Economy Up 6.4% in Q1

The U.S. economy grew at a 6.4% rate in the first three months of the year, The Associated Press reported Thursday. The gains are setting the stage for what economists are forecasting could be the …

‘Revenge Spending’ the Latest Trend Driving Earnings

Walmart recently posted strong quarterly sales growth and boosted its profit outlook, as comparable sales increased 6% for U.S. stores, excluding fuel, according to Bloomberg (May 18). The retailer attributed the strong performance to a …