restaurant spending

98% of Financially Strained Restaurant Customers Are Cutting Back
98% of Financially Strained Restaurant Customers Are Cutting Back
August 12, 2024  |  Consumer Insights

As consumers bear the burden of inflation, PYMNTS Intelligence reveals that nearly all individuals living paycheck to paycheck are making trade-offs when it comes to...

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Kraft Heinz Sales Dip as Lower-Income Consumers Feel Squeezed
Kraft Heinz Sales Dip as Lower-Income Consumers Feel Squeezed
May 01, 2024  |  Earnings

Cautious lower-income consumers and slower restaurant sales are squeezing Kraft Heinz. The packaged food product company on Wednesday (May 1) released earnings showing a 1.2% drop in...

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Inflation Data Shows Traveling and Food Prices Rising
Inflation Data Shows Traveling and Food Prices Rising
November 30, 2023  |  Economy

The latest data on personal spending matched expectations. And the parlor game as to whether the Fed will pause or even cut interest rates continues....

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Kroger: Shoppers Continue to Seek Discounts as Inflation Concerns Decline
Kroger: Shoppers Continue to Seek Discounts as Inflation Concerns Decline
June 02, 2023  |  Retail

Grocery shoppers’ anxieties around food price inflation may be easing somewhat, but they continue to pinch pennies wherever possible. In an interview with PYMNTS, Barbara Connors,...

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Restaurant Price Anxiety Steers Consumers Toward QSRs
Restaurant Price Anxiety Steers Consumers Toward QSRs
April 17, 2023  |  Economy

As consumers strain under rising restaurant inflation, many are switching from full-service to fast food. Last month, for the first time throughout this period of...

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