RR Dashboard: Sales Not Keeping Up with Cost Inflation

May 3, 2022 | Dashboard

 

Sales

3-YEAR STACK COMPS HOLDING THEIR OWN FOR NOW  

Initial 3-year stack comp performance for the $1B+ chains reveal that QSR is still outperforming FSR despite less impressive headline sales numbers for 1Q:22 alone. In any case, industry sales are relatively healthy at least through the first quarter. 

Going forward prospects are less optimistic as indicated by RR’s recent consumer survey which measures intentions to eat-out over the next month. 

 

This reflects the impact of material inflation (particularly gas prices) on discretionary income combined with higher food prices (see below). While the more affluent consumers may be able to tap healthy balance sheets for now, that is not the case for the less affluent who are already being squeezed.

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