Q2 Trend Report: Consumers Are Buying Less, but Spending More
What is the data telling us about the current landscape of the retail convenience market?
The main question on everyone’s minds for Q2: How is inflation affecting the convenience store industry?
Our Q2 Trend Report explores consumer spending trends over the past three months - with a deep dive into new product performance, packaged beverages, and energy drinks.
A few highlights:
- Weekly in-store revenue is up 0.6% compared to Q2 2021, however weekly in-store transactions are down 2.6%
- For in-store merchandise, the average price of market baskets is up 3.3%, despite the fact that merchandise prices are up anywhere between 5% and 20% vs. YA, depending on the category
- Pack bev sales shrunk 0.6% compared to Q2 2021, while energy drink unit sales declined 3%
Read the full report for additional data and analysis!