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Stock impact report

'Appetizer economy': Food inflation is on restaurant table as diners go smaller with menu choices [MSNBC.com]

Albertsons Companies, Inc. Class A (ACI) 
US:NYSE Investor Relations: investor.archcoal.com
Company Research Source: MSNBC.com
Consumers are still dining out, but instead of higher-priced entrees, many are ordering more appetizers.Asfood inflationaffordability"Appetizer orders are up 20% year over year, even as entrees and desserts are largely flat or declining," said Jim Pazzanese, executive vice president of global strategic procurement ofBuyers Edge PlatformTop-growing appetizersSource: Buyers Edge, year-to-date dataPazzanese is calling the current restaurant environment the "appetizer economy."Meanwhile, he says dessert orders are down 2 percent year over year.One reason for the rising popularity of appetizers, Pazzanese says, is their link to promotions, which are key to getting Americans to spend in the current economic environment."Consumers realize appetizers are more frequently tied to promotions and drink specials," he said. "This makes eating out more affordable."He added that buying of frozen or shelf-stable appetizers, which are the fastest-growing appetizer SKUs, makes sense from an economic per Show less Read more
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