IFPA's Promise To Our Community
To provide industry support and information for issues we all deeply care about.
Consumer response
to high menu prices:
- 53% cook at home more often
- 41% visit restaurant less frequently
- 38% seek more deals
- 32% trade down to less expensive restaurant
5 Factors Facing Foodservice
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Unusual Economy
- Job growth & labor participation grew
- Inflation is slowing
- Consumer spending continues
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Recovery Mode
- Indexing higher than 2019 sales
- Same stores sales normalizing
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Weary Operators
- Concerns about food costs, disposables & labor
- Wages increasing at a slower pace
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Menu Pricing
- Average check at limited service passed $10
- Restaurant prices rising faster than groceries at home
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Trends to Watch
- Convenience in getting food
- Climate friendly food
- Breakfast as dinner
- Dashboard dining
Questions?
We are here to help provide context for you business decisions.
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