The holiday report reveals that 86% of consumers plan to celebrate Thanksgiving with others and an anticipated average celebration size of nine people. And turkey reigns supreme, as 87% of hosts plan to serve turkey this year. It’s also consumers’ favorite part of the Thanksgiving meal (51%), followed by stuffing (44%), pie (32%) and potatoes (27%). …
Most of the time, the Midan team is focused on looking forward, with our research eye trained on today’s meat consumers: In what ways are they evolving into the meat eaters of tomorrow? But around this time every year, we stop and take an intentional look backward—specifically, at our Top Trends to Watch report. …
Tis the season for big, festive dinners, both at home and at restaurants. Of course, eating out has always cost more than cooking yourself, and the price gap between the two is growing. The latest Consumer Price Index shows that while the cost of food at home and away from home are increasing at a slower rate, inflation is higher at restaurants — clocking in at 5.3% — than it is at grocery stores — 1.7%. …
Americans believe that grocery retailers are earning a 35.2% net profit margin, 14 times higher than grocers’ actual net profit margin average of 2.5%, and that food-at-home inflation is 24.3%, double the annual rate reported by the U.S. Bureau of Labor Statistics according to the latest dunnhumby Consumer Trends Tracker (CTT) released today. The CTT is part of the dunnhumby Quarterly, a strategic market analysis of key retail themes, with the third edition being focused on navigating uncertainty. …
The plant-based meat producer plans to cut 200 jobs this year and said its finance chief Philip Hardin, who has been in the role for just over a year, will leave at the end of the month. It named board director Lubi Kutua as his replacement. …
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