ArrowStream Foodservice Blog

Have We Seen the Worst of COVID-19 Restaurant Sales?

Posted by Kate Hubbard on Apr 17, 2020 3:22:02 PM

While disappointing March retail sales numbers are likely not surprising to many, ArrowStream economists also looked at April data to date this week and indicated that there may be some good news. 

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Topics: Market Intelligence

ArrowStream COVID-19 State Ranking Model to Signal Restaurant Openings and the Return of the Consumer

Posted by Kate Hubbard on Apr 10, 2020 11:21:22 AM

When and where will the recovery from COVID-19 start? ArrowStream is leveraging data to give the industry direction.

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Topics: Market Intelligence

Weekly Restaurant Purchasing Trends Added to COVID-19 Resource Center

Posted by Kate Hubbard on Apr 7, 2020 8:19:57 AM

As restaurant chains look to monitor their supply chain operations during COVID-19, purchasing teams can use ArrowStream’s Restaurant Purchasing Trends to compare their data to a benchmark representing 80 restaurant chain operators selected from the overall ArrowStream network.

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Topics: Market Intelligence

Food Markets Reacting to COVID-19

Posted by Kate Hubbard on Apr 2, 2020 12:58:54 PM

The coronavirus outbreak continues to impact the commodity markets and ArrowStream's economists are closely monitoring the environment. This week, they commented on the shifts in beef production, which have been tracking above year-ago levels, up 12.9 percent.  

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Topics: Market Intelligence

Restaurants the Third Largest Share of Retail Sales on Record: Shows Greater COVID-19 Impact

Posted by Kate Hubbard on Mar 23, 2020 12:31:30 PM

In normal times, ArrowStream's economists would have focused on reporting February restaurant sales, which were 5.2 percent better than the prior year (due to a 2.2 percent gain in traffic and 3 percent increase in menu prices). However, that pales in comparison to the current landscape of the restaurant industry battling the coronavirus (COVID-19) outbreak. 

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Topics: Market Intelligence

Leisure & Hospitality is the Fifth Largest Employer: Restaurant Bailout Makes Sense

Posted by Kate Hubbard on Mar 18, 2020 2:13:02 PM

News broke Wednesday afternoon that the Trump Administration is readying aid for closing restaurants in various forms. ArrowStream economists ran analysis on the “Leisure and Hospitality” category, which includes restaurants, and advise that a government bailout would make sense. 

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Topics: Market Intelligence

COVID-19 Impact: 17% of Restaurant Sales Dependent on Most At-Risk Adults

Posted by Kate Hubbard on Mar 16, 2020 2:22:54 PM

Several U.S. states and cities have announced blanket closures of bars and restaurants for dine-in service to avoid crowded spaces where COVID-19 will have the opportunity to rapidly spread. As this may significantly slow restaurant sales, not all sales will come to a complete halt, as most have been allowed to continue their drive-thru, takeout and delivery operations. 

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Topics: Market Intelligence

COVID-19 Continues to Cause Market Volatility for Foodservice Commodities

Posted by Kate Hubbard on Mar 12, 2020 2:27:41 PM

Despite last week's U.S. jobs data far exceeding expectations (added 273,000 jobs in February), the markets continued to digest the rising coronavirus (COVID-19) cases worldwide. ArrowStream economists continue to monitor and weigh in on the impact to the restaurant industry. 

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Topics: Market Intelligence

Coronavirus Starts to Impact Restaurant Consumers

Posted by Dr. Isaac Olvera on Mar 5, 2020 9:25:46 AM

The coronavirus (COVID-19) remains atop the market’s mind, but the trickledown effects impacting the U.S. restaurant industry are among the most significant unknowns. The U.S. central bank made an emergency cut on Tuesday, the first emergency move (and the largest rate cut) since the 2008 financial crisis in an effort to “boost household and business confidence,” but the rate cut isn’t likely to improve wider spread consumer fears, at least not in the near-term.

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Topics: Market Intelligence

Is the Restaurant Industry Recession Proof?

Posted by Kate Hubbard on Mar 4, 2020 3:58:44 PM

When the stock market crashed in February 2020 due to the worldwide panic of coronavirus, it brought flashbacks of the impact that the 2008 Great Recession had on the restaurant industry. ArrowStream economists asked Maloni Report subscribers this week whether the restaurant industry is ready for a recession -- are we?

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Topics: Market Intelligence

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