Grocery prices up 13.1% over last 12 months; eating out up 7.6% [CBS News]
The Cheesecake Factory Incorporated (CAKE)
Last the cheesecake factory incorporated earnings: 2/19 04:15 pm
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Source: CBS News
Unfortunately the same cannot be said for grocery shoppers. According to the U.S. Bureau of Labor Statistics, grocery prices are up 13% over the last 12 months. Naturally, the cost for eating out has also gone up more than 7% over the last year. This is the highest good prices have been at since 1979. CBSLA Reporter Jasmine Viel talked to grocery shoppers at a Whole Foods market in Glendale on Wednesday. "I guess that's true. For example, for these bags I would pay $50 but now it is $80 and you don't buy much but you pay more," Anahit Torosyan said. Bakery products are among the highest priced items, up 15% since last year. Shopping expert Trae Bodge with TrueTrae.com told Viel that her best advice right now is to use coupons. Additionally, Bodge recommended making a list before going to the grocery store, swapping out brand names for generic items, buying essentials in bulk, purchasing organic food selectively and checking out the freezer section. Unfortunately, ther
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CAKE
Earnings
- 2/21/24 - Beat
CAKE
Sec Filings
- 4/18/24 - Form ARS
- 4/18/24 - Form DEFA14A
- 4/18/24 - Form DEF
- CAKE's page on the SEC website