The New Way America Eats 🍔

Gone are the days of excessive restaurant dining and takeout. Instead, consumers are forming new eating habits due to the pandemic. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

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Click here for more information on the potential biggest winner of the 5G revolution. - Kaitlyn Hopkins, Assistant Managing Editor MARKET TRENDS COVID-19 Is Changing How Americans Eat Kaitlyn Hopkins | Assistant Managing Editor | The Oxford Club COVID-19 is changing the way Americans eat. Before the pandemic, Americans spent more of their food budgets on away-from-home dining than on food retail. (Food retail comprises all non-restaurant food purchased at a location and consumed off premises, such as food from grocery stores and convenience stores.) In 2018, U.S. consumers spent $931 billion on away-from-home dining. And 73% of that went to restaurants. That was up almost 30% from the decade before. But quarantine lockdowns have shifted that trend. As you can see below, more than 40% of shoppers say they are cooking more meals at home than they were pre-pandemic. In March, "monthly revenue at food retail jumped by more than 25% compared to February, collapsing more than eight years of dollar growth," according to the Food Marketing Institute. "As of April, it has remained more than 10% higher than pre-pandemic levels." SPONSORED UNCLAIMED CHECKS RELEASED BY STATE AND FEDERAL TREASURIES: Claims range between $0.50 and $750,000. Click here to get started. (Free to search and claim.)   And not only does the pandemic have consumers buying more from grocery stores, but these shoppers are spending money on different items too. Consumers are purchasing more fresh produce and pantry staples, like rice and pasta, which suggests people are stocking up and cooking more at home. And instead of just shopping at the perimeter of the store, where produce, meat and dairy are located, shoppers have been buying from the middle aisles as well. This suggests they are being more adventurous with the ingredients they buy. But spending more on groceries isn't the only trend that has shifted. More consumers now want to limit trips to the grocery store to minimize the spread of the coronavirus. As a result, online grocery shopping has risen in popularity. According to a poll conducted by Coresight Research, 49% of shoppers either are buying more groceries online or have started to buy groceries online due to the pandemic. So keep an eye on companies that are rising to the challenge, like Kroger Co. (NYSE: KR), BJ's Wholesale Club (NYSE: BJ), Walmart (NYSE: WMT) and Amazon (Nasdaq: AMZN). The ease of online shopping and discovery of new "family favorite" recipes will ensure this trend won't be as quick to depart as it was to arrive. Good investing, Kaitlyn Leave a Comment MORE FROM PROFIT TRENDS Competition Surges in the Electric Pickup Truck Market Why the Presidential Election Will Lead to a Brighter Year What the Future Holds for the CBD Market Facebook Twitter Email Share SPONSORED Folks Could Jump-Start Their Portfolio With This Obscure Small Cap Play If you're searching for a virtual no-brainer in today's topsy-turvy stock market, we've discovered a little-known small cap stock that could take off like a rocket in the months ahead. It involves a frontier technology that Forbes calls "the holy grail" and The Washington Post dubs "the mother of invention." For details, click here. You are receiving this email because you subscribed to Profit Trends. Profit Trends is published by The Oxford Club. Questions? Check out our FAQs. Trying to reach us? Contact us here. Please do not reply to this email as it goes to an unmonitored inbox. 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