RubinBrown Food & Beverage Year in Review 2013

Current Economic Indicators

Highlights • After consumer confidence reached a post-recession high in June 2013, it finished the year down slightly, which coincided with a slight decline in disposable personal income per capita over that time. • Despite slight softening in consumer confidence and disposable personal income per capita, personal consumption expenditures on food closed the year strong, finishing 2.7% above the April 2013 low. • Consumer spending on dining out continues to increase, with expenditures on dining out increasing from 45.9% to 49 5% of total food . expenditures over the last decade. Over the same period, the split between full service and fast food restaurants has remained relatively unchanged.

Consumer Confidence Index

Food Sales by Outlet

85

Other Away fromHome 11.1%

80

75

Fast Food Restaurants 17.8%

70

65

At Home 50 5% .

60

55

Full Service Restaurants 20.6%

50

Source: The Conference Board

Source: USDA Economic Research Service

Di

bl P l I sposa e ersona ncome Per Capita

P l C ersona onsump on xpen ures er Capita on Food ti E dit P

$2,640

$37,200

$37,000

$2,620

$36,800

$2,600

$36,600

$2,580

$36,400

$36,200

$2,560

$36,000

$2,540

$35,800

$2,520

$35,600

Source: U.S. Bureau of Economic Analysis (BEA)

Source: U.S. Bureau of Economic Analysis (BEA)

Food & Beverage Sector: 2013 Review

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