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Americans ate 1 billion fewer meals in restaurants between January and March than in the comparable quarter a year ago


... McDonald's CEO, Chris Kempczinski, said that while the burger chain's sales returned to growth last quarter, visits from low-income customers in particular fell by double digits between April and June as their real incomes dropped... ..While overall food inflation has slowed, the cost of eating out is outpacing that of cooking at home, with the consumer price index for food at home up 2.4 per cent and food away from home up 3.8 per cent in the 12 months to June. The US Department of Agriculture predicts that the cost of eating out will continue to rise faster than meals at home. Last year, consumers spent $1.1 trillion on food at home and $1.5 trillion on food away from home, including taxes and tips... About McDonald's read also here.

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