Economic Trends

More bad news on the economic front as the U.S. economy shrunk at a 1.4% annualized rate during the first three months of 2022. The report from the Commerce Department Bureau of Economic Analysis pointed to a spike in imports along with a decline in exports as a couple of primary causes of the downturn.…

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Economic Trends

As inflation continues to reach highs it hasn’t hit in over 40 years – the Consumer Price Index (CPI) is at 8.5% annualized – the outlook for ending the labor shortage anytime soon doesn’t look any better. The unemployment rate dropped to 3.6% at the end of March, while net restaurant employment rose by 61,000…

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More Economic Trends

The economy added significantly more jobs in the month of February than most economists had predicted – a total of 678,000 new jobs, while the unemployment rate dropped close to levels not seen since the pandemic struck two years ago almost to the day. The unemployment rate came in at an impressive 3.9%, however that’s…

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Economic Trends

A host of interesting restaurant statistics came to light just over a week ago at the United States Department of Agriculture Outlook Forum, where NRA Senior VP Hudson Riehle presented some enlightening data on consumer trends over the course of the pandemic. Drive-thru sales accounted for 42% of traffic in November 2021 up from 26%…

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Economic Trends

Although the January jobs report, which some analysts project will be bleak, will not be released until later this morning, there are still ominous signs elsewhere for the U.S. economy. As the omicron variant of COVID began to surge in December, some 4.3 million workers quit their jobs with the highest percentage of those quitting…

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Miscellaneous

Worth noting that the Dunkin’ mobile app is still doing well with regular Dunkin’ customers and was recently found to be the 7th most downloaded app in the month of November. Dunkin’ was 4th in the same measurement during October but the higher placement was largely credited to Apple CarPlay being added to the app…

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Economic Trends

The omicron and delta variants of the COVID virus may be slowing the nation’s economic recovery, but they are not slowing down the inflation rates at all. In fact, the Department of Labor Bureau of Labor Statistics (BLS) reported this week that the producer price index (PPI) – inflation before reaching the consumer – rose…

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Economic Trends

The labor shortage continues to wreak havoc with many small businesses across the country notwithstanding the addition of some 23,000 in the leisure and hospitality industry last month with restaurants and bars accounting for nearly half that job growth, according to new data from the Bureau of Labor Statistics. Furthermore, average hourly earnings rose 4.8…

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Economic Trends

We’ve seen a mixed bag when it comes to economic news over the past few weeks with consumer prices continuing to rise at restaurants but restaurant spending stagnating through August. According to the Consumer Price Index report for August as released by the Bureau of Labor Statistics (BLS), prices at full-service restaurants rose by 0.6%…

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Competitor News

After launching its IPO, Dutch Bros had its first day of trading Wednesday and enjoyed strong investor interest, closing at $37, 70% above its $23/share listed price. The company, which has 471 units in 11 states with overwhelming concentration in its home state of Oregon along with northern California, is expanding. While more than half…

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