Tuesday 28th November 2023 – CGA’s BeverageTrak solution combines powerful datasets to provide a view of how brands and categories are being consumed, when and at what price. Featuring day and daypart tracking, this enables sales and marketing teams to measure performance and activation ROI to develop effective strategies.
Total U.S.
On Premise trends in the US have been variable over recent weeks, with growth of +8% in the week to November 11 followed by a slight dip in velocity (-4%) in the latest week. With check value remaining largely flat, these recent trends have been driven by fluctuations in ticket count. New York (+5%), Texas (+4%), and Florida (+1%) are all performing better than last year, while Illinois (-3%) and California (-11%) are behind.
Florida
- Sales velocity is now +1% year-over-year (comparing the same week one year prior)
- Sales velocity is now -3% vs November 11, 2023
Illinois
- Sales velocity is now -3% year-over-year (comparing the same week one year prior)
- Sales velocity is now +9% vs November 11, 2023
California
- Sales velocity is now -11% year-over-year (comparing the same week one year prior)
- Sales velocity is now -7% vs November 11, 2023
New York
- Sales velocity is now +5% year-over-year (comparing the same week one year prior)
- Sales velocity is now -9% vs November 11, 2023
Texas
- Sales velocity is now +4% year-over-year (comparing the same week one year prior)
- Sales velocity is now +1% vs November 11, 2023
Matthew Crompton, Regional Director – North America, said: “In recent weeks drinks sales performance has fluctuated across the US On Premise. While the week ending November 11 marked an 8% growth, the following week reported a 4% dip in velocity. Check value remains largely flat, attributing these trends to fluctuations in ticket count. In navigating these shifts, adaptability is paramount for hospitality businesses, operators and suppliers alike. Implementing proactive strategies is imperative for ensuring market resilience and sustained growth.”
CGA’s On Premise Impact Report is a fortnightly sales report evaluating the most recent $ sales velocity performances across the US and different sales dynamics across the different states. To find out more about the full subscription of reports, including analytics, download more information here, and the latest On Premise snapshot can be found here, or contact Matthew Crompton at Matthew.Crompton@nielseniq.com.
About CGA by NIQ
CGA by NIQ provides definitive On Premise consumer intelligence that reveals new pathways to growth for the world’s most successful food and drink brands. With more than 30 years of best-in-class research, data, and analytics, CGA by NIQ provides the Full View(TM).
CGA by NIQ works with food and beverage suppliers, consumer brand owners, wholesalers, government entities, pubs, bars, and restaurants to protect and shape the future of the On Premise experience. Using the most complete and clear understanding of measurement and insights, CGA by NIQ provides a competitive edge to guide winning strategies for On Premise businesses.
NIQ was founded in 1923 and is an Advent International portfolio company. For more information, visit NIQ.com or www.cgastrategy.com.
