Category: TraffiCast

TRAFFICAST: FORWARD LOOKING CONSUMER SURVEY

• RR’s Intent to Eat Out Index (our survey of 1,500 consumers’ plans to eat-out over the next month) decreased -3.4% y/y.
• With an estimated ~90% share of $1B+ chain system sales currently driven by off-premise, this decrease in sentiment is mostly concerning as it relates to economic stress & consumer spending.

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TRAFFICAST: FORWARD LOOKING CONSUMER SURVEY

SLOWING INTENT = LESS INCOME & DISCOUNTS
• RR’s Intent to Eat Out Index (our survey of 1,500 consumers’ plans to eat-out over the next month) increased +4.5% y/y.
• However, on a sequential month/month basis, the Index declined -1.5% and represented the lowest level since April’s rebound.

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TRAFFICAST: FORWARD LOOKING CONSUMER SURVEY

• RR’s Intent to Eat Out Index (our survey of 1,500 consumers’ plans to eat-out over the next month) increased +5.5% y/y.
• On a sequential month/month basis, we see a stabilization in the form of a strong increase in respondents indicating plans to eat-out with about the same frequency as the previous month (especially among those 55+).

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TraffiCast: Forward Looking Consumer Survey

• RR’s Intent to Eat Out Index (our survey of 1,500 consumers’ plans to eat-out over the next month) increased +5.6% y/y as trends continue strong since April’s rebound.
• On a sequential month/month basis, we see a notable change in the intentions of 18 – 24 year-olds, with a sharp increase in plans to eat out more than offsetting plans to reduce trips out.

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TraffiCast: Forward Looking Consumer Survey

• RR’s Intent to Eat Out Index (our survey of 1,500 consumers’ plans to eat-out over the next month) increased +6% y/y after peaking last month.
• We see a higher percentage of “about the same” responses as consumers return to more normal routines (particularly among the 18 – 24 year-olds).

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