Eating in is in and eating out is out.
SA Animal Care Services offers free adoptions on dogs weighing 40+ pounds this Friday, SaturdayRed Cross volunteers from Texas deploy to Florida ahead of Hurricane Helene relief effortsGet ready to travel this fall with these Insider DealsA woman checks prices as she shops at a grocery store in Wheeling, Ill., Friday, Jan. 19, 2024. s have been sending to fast-food companies and other restaurants. Meanwhile food producers are benefitting from more palatable prices in grocery store aisles.
Orlando-based Darden reported a 1.1% sales drop at restaurants open for at least a year. The decline was a more severe 2.9% at the “You are seeing consumers being much more discretionary as they treat restaurants,” said McDonald's CEO Christopher J. Kempczinski, in a call with analysts following the earnings report. “You’re seeing that the consumer is eating at home more often. You’re seeing more deal seeking from the consumer.”
“We did anticipate that might be the case as we see consumers taking value,” said General Mills CEO Jeffrey L. Harmening in a call with analysts. “Consumers are still economically stressed, so that played out the way we thought.”
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