net_left adver left
Detail

Fast-Food Chains Confirm Trading Down Trend as Prices Rise

By Liz Moyer AiVIF.com – Fast food restaurants are confirming a trend highlighted by Walmart last month: some customers are “trading down” amid inflation that is cutting into...
Fast-Food Chains Confirm Trading Down Trend as Prices Rise © Reuters.

By Liz Moyer

AiVIF.com – Fast food restaurants are confirming a trend highlighted by Walmart last month: some customers are “trading down” amid inflation that is cutting into household budgets.

McDonald’s Corporation (NYSE:MCD) said customers were opting for lower-priced value menu items and visiting less frequently, while Chipotle Mexican Grill (NYSE:CMG) said some customers were visiting less frequently and Restaurant Brands International (NYSE:QSR), which owns the Burger King and other brands, said customers are using more coupons and promotions. 

Shake Shack (NYSE:SHAK) noticed a shift in consumer patterns amid the rising inflation this spring and early summer, a reason why it missed its sales estimates and projected third quarter revenue might be lower than analysts have modeled.

Shares of McDonald’s are down 4% year-to-date, while shares of Chipotle are down 9%, and shares of Restaurant Brands are down 1.7%.

Visits to quick-serve restaurants, which make up 82% of restaurant visits, were down 2% in the second quarter, according to data firm NPD Group, and were 3% below pre-pandemic levels.

Consumers cut back overall on restaurant visits by 2% versus last year’s second quarter, NPD said, and traffic was 6% lower than pre-pandemic levels. Meanwhile, consumer spending in restaurants rose 2%, reflecting higher costs.

Walmart (NYSE:WMT) warned on profit after noticing that shoppers were putting off buying higher margin items such as clothing because rising prices meant they were spending more on necessities such as food.

One thing fast-food restaurants are benefitting from, according to McDonald's: People choosing lower-cost restaurants rather than opting for higher priced full-service dining experiences.

That said, costs continue to rise for restaurant consumers. Chipotle, which is raising prices another 4% starting this month, and Shake Shack, which will raise prices 5% to 7% in the fourth quarter, are just the latest to increase prices because of rising supply costs.

Some chains see an opportunity in the challenging environment. Papa John's International (NASDAQ:PZZA) CEO Rob Lynch told CNBC earlier this week that pizza was a great business to be in during a recessionary period. “It’s pretty much the best value you can get” for feeding a family, he said.

Shake Shack shares are down 29% year-to-date, while Papa John's is down 31%.

HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
09-08-2022 11:10:49 (UTC+7)

EUR/USD

1.0192

-0.0003 (-0.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

EUR/USD

1.0192

-0.0003 (-0.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

GBP/USD

1.2080

+0.0004 (+0.03%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (7)

USD/JPY

134.96

-0.04 (-0.03%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.6985

-0.0003 (-0.04%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (8)

USD/CAD

1.2856

+0.0001 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (1)

EUR/JPY

137.54

-0.09 (-0.06%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (2)

EUR/CHF

0.9738

+0.0002 (+0.02%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (0)

Sell (9)

Gold Futures

1,801.65

-3.55 (-0.20%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Silver Futures

20.677

+0.063 (+0.31%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (0)

Sell (7)

Copper Futures

3.5877

+0.0007 (+0.02%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (2)

Sell (4)

Crude Oil WTI Futures

90.58

-0.18 (-0.20%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (0)

Sell (9)

Brent Oil Futures

96.48

-0.17 (-0.18%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (0)

Sell (9)

Natural Gas Futures

7.665

+0.013 (+0.17%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (9)

US Coffee C Futures

211.38

+1.93 (+0.92%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (6)

Euro Stoxx 50

3,757.22

+31.83 (+0.85%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (4)

Sell (5)

S&P 500

4,140.06

-5.13 (-0.12%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (7)

DAX

13,687.69

+113.76 (+0.84%)

Summary

Neutral

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (5)

Sell (2)

FTSE 100

7,482.37

+42.63 (+0.57%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

Hang Seng

20,250.00

+204.23 (+1.02%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (1)

Sell (6)

US Small Cap 2000

1,941.21

+19.38 (+1.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (2)

IBEX 35

8,272.50

+104.50 (+1.28%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (4)

Sell (6)

BASF SE NA O.N.

44.800

+0.780 (+1.77%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (4)

Bayer AG NA

52.95

-0.33 (-0.62%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (3)

Allianz SE VNA O.N.

177.84

+1.20 (+0.68%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (4)

Adidas AG

175.10

+3.54 (+2.06%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (2)

Deutsche Lufthansa AG

6.751

+0.025 (+0.37%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (5)

Sell (4)

Siemens AG Class N

109.40

+0.76 (+0.70%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (1)

Deutsche Bank AG

8.799

+0.044 (+0.50%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (9)

 EUR/USD1.0192↑ Sell
 GBP/USD1.2080↑ Sell
 USD/JPY134.96↑ Buy
 AUD/USD0.6985↑ Sell
 USD/CAD1.2856↑ Buy
 EUR/JPY137.54↑ Buy
 EUR/CHF0.9738Neutral
 Gold1,801.65↑ Sell
 Silver20.677↑ Sell
 Copper3.5877Neutral
 Crude Oil WTI90.58↑ Sell
 Brent Oil96.48↑ Sell
 Natural Gas7.665↑ Sell
 US Coffee C211.38↑ Sell
 Euro Stoxx 503,757.22↑ Sell
 S&P 5004,140.06↑ Sell
 DAX13,687.69Neutral
 FTSE 1007,482.37↑ Sell
 Hang Seng20,250.00Neutral
 Small Cap 20001,941.21↑ Buy
 IBEX 358,272.50↑ Sell
 BASF44.800Neutral
 Bayer52.95↑ Buy
 Allianz177.84Neutral
 Adidas175.10↑ Buy
 Lufthansa6.751Buy
 Siemens AG109.40↑ Buy
 Deutsche Bank AG8.799↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,630/ 6,730
(0/ 0) # 1,669
SJC HCM6,630/ 6,730
(0/ 0) # 1,669
SJC Hanoi6,630/ 6,732
(0/ 0) # 1,671
SJC Danang6,630/ 6,732
(0/ 0) # 1,671
SJC Nhatrang6,630/ 6,732
(0/ 0) # 1,671
SJC Cantho6,630/ 6,732
(0/ 0) # 1,671
Cập nhật 09-08-2022 11:10:51
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,788.02+23.711.34%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V26.28026.800
RON 95-III25.60026.110
E5 RON 92-II24.62025.110
DO 0.05S23.90024.370
DO 0,001S-V25.88026.390
Dầu hỏa 2-K24.53025.020
ↂ Giá dầu thô thế giới
WTI$90.56-1.45-1.61%
Brent$95.79-0.03-0.03%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.220,0023.530,00
EUR23.217,6924.517,91
GBP27.515,7528.689,21
JPY168,67178,56
KRW15,5018,89
Cập nhật lúc 11:08:53 09/08/2022
Xem bảng tỷ giá hối đoái
adver main right