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Stock impact report

Americans' Changing Eating Habits Include Simpler Meals Out, Value Grocery Stores [Yahoo! Finance]

B&G Foods, Inc. B&G Foods, Inc. (BGS) 
Last b&g foods, inc. b&g foods, inc. earnings: 2/25 04:05 pm Check Earnings Report
US:NYSE Investor Relations: en.wikipedia.org/wiki/b
Company Research Source: Yahoo! Finance
People are shifting from casual restaurants to fast-casual joints and, in some cases, meals out at gas stations, executives said. They're also buying smaller packages of food, according to Kenneth Casey Keller CEO of B&G Foods, the group behind Crisco and Green Giant. The economy is changing how Americans are eating. Diners are moving meals from sit-down restaurants to fast-casual joints, according to executives at a range of a businesses, and taking more trips to value supermarkets. Data released this week by Bank of America, indicates that a rising cost of living is prompting Americans, especially lower-income consumers, to dine out less and look harder for grocery deals. Discretionary spending, such as vacations and restaurant visits, has been down for about two years, Bank of America said. And sales at restaurants and bars fell 1.5% from January to February, according to Census Bureau data released this week. Restaurants have noticed, executives said on recent earnings Show less Read more
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