Restaurant Pain

Bloomberg recently posted a few charts that show the weakness restaurants have felt over the past few months due to less trips, lower cost groceries, more at-home meal kits and new supply exceeding population growth:

Sales growth at North American restaurants in the second quarter was the slowest since 2009

Grocery prices have declined for 10 straight months while restaurant prices increased

Restaurant growth has been outpacing US population growth

Source: https://www.bloomberg.com/gadfly/articles/...