FOOD BYTES
May 1, 2004 12:00 PM
We all know food and restaurants drive traffic to shopping centers. Now, drink in some facts from Citigroup Smith Barney that you might not have known:
46% of all American adults are restaurant patrons on any given day
$426.1 billion
U.S. sales at restaurants in 2003
TWO IN FIVE
Ratio of adults who say eating at restaurants makes them more productive
AUGUST
The most popular month to eat out
78% of U.S. households order carryout or delivery food at least once a month
30% of all retailers are restaurants or other outlets that specialize in food service
139 Number of restaurant-prepared meals Americans eat per year
1.9% Average annualized growth rate of U.S. restaurants during next 10 years
UNDER 25 households headed by this age group allocate the largest share (45.5%) of their food budgets to food away from home
$284 Amount spent per seat on marketing and promotion in a given year by the average quick service restaurant
54 BILLION
meals will be eaten in U.S. restaurants and work/school cafeterias this year
Monday
The least popular day to eat out
70% of eating and drinking places are single-unit (independent) operations
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