Forward Looking Consumer Survey with 1,500 Respondents
25 – 34 Year Old Demo Leads the Way
RR’s Intent to Eat Out Index (planned expenditures over the next month) rebounded in our survey of 1,500 consumers after last month’s sharp drop-off which was completed on the heels of a military escalation with Iran.
Current results, which increased +20 bps y/y, were driven by strength in the 25-34 age demo.
Overall results also benefit from less plans to curtail eating-out (i.e there is less overall negativity).
Notably, there was a convergence in y/y change for average promotional prices as QSR pivoted lower while FSR moved higher.