Below are two complimentary research excerpts regarding post-pandemic dining. One is written by Hedgeye Demography analyst Neil Howe and the other is an excerpt from Consumables analyst Daniel Biolsi on The Call @ Hedgeye. 

Eating At Home Is Here To Stay | Hedgeye Demography & Consumables  - 5 27 2021 12 52 58 PM

A new study suggests that most Americans are going to stick to eating meals at home post-pandemic. Both adults and children are eating more meals at home, and families are eating more meals together. (Supermarket News)

NH: Eating at home instead of dining out has been one of the biggest shifts of the pandemic. (See “Is Covid-19 Making Us Eat Healthier?”) And according to this Acosta study, it’s going to persist even after life returns to normal.

Since the lockdowns started, nearly two-thirds of respondents (65%) said that they cook at home more and are eating “far more” meals at home.

This shift spans breakfast, lunch, and dinner, and applies to both adults and children.

The shares of adults and kids who eat lunch at home have risen 14 and 15 percentage points, respectively, since the pandemic began.

Meanwhile, the share of families who eat dinner at home every day has nearly doubled from 18% to 31%.

Eating At Home Is Here To Stay | Hedgeye Demography & Consumables  - May27 1

Over the past year, the vast majority of families plan to continue eating together at home at least as often--or more often--as they do now.

Fully 72% said that their household’s current meal routine will stay the same, while 20% said they expect to eat together more. Similarly, 68% plan to cook the same number of meals at home, while 19% plan to cook at home more.

Eating At Home Is Here To Stay | Hedgeye Demography & Consumables  - May27 2

Eating at home, of course, is not synonymous with cooking. Some respondents who say they’re eating at home may be referring to takeout meals or delivered meals or meal kits.

These findings don’t necessarily spell doom for the restaurant industry.

That said, 42% of respondents said that they don’t plan to return to dine-in restaurants for at least four months or are not sure when they’ll come back. A slightly smaller share (40%) said they want to dine out within the next month.

People’s reasons for eating at home also vary widely. Those who switched due to pandemic-related safety concerns may be ready to resume their old habits--but those who say they like eating at home for health, convenience, or family reasons are less likely to switch back.

These are the Americans that supermarkets are hoping to hold onto as reopenings continue.

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THE CALL" RECAP | CONSUMABLES ANALYST DANIEL BIOLSI ON $TSN

Watch below as Consumables analyst Daniel Biolsi reviews Covid-19’s impact on eating at home. 

(This clip is a small taste of what our subscribers get each day on The Call @ Hedgeye. In a nutshell, The Call is our morning research call hosted by Hedgeye CEO Keith McCullough with our 40+ analyst research team. It helps small and large investors alike make better decisions via unique and investable stock/sector updates Click here to learn more.)

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ABOUT NEIL HOWE

Neil Howe is a renowned authority on generations and social change in America. An acclaimed bestselling author and speaker, he is the nation's leading thinker on today's generations—who they are, what motivates them, and how they will shape America's future.

A historian, economist, and demographer, Howe is also a recognized authority on global aging, long-term fiscal policy, and migration. He is a senior associate to the Center for Strategic and International Studies (CSIS) in Washington, D.C., where he helps direct the CSIS Global Aging Initiative.

Howe has written over a dozen books on generations, demographic change, and fiscal policy, many of them with William Strauss. Howe and Strauss' first book, Generations is a history of America told as a sequence of generational biographies. Vice President Al Gore called it "the most stimulating book on American history that I have ever read" and sent a copy to every member of Congress. Newt Gingrich called it "an intellectual tour de force." Of their book, The Fourth Turning, The Boston Globe wrote, "If Howe and Strauss are right, they will take their place among the great American prophets."

Howe and Strauss originally coined the term "Millennial Generation" in 1991, and wrote the pioneering book on this generation, Millennials Rising. His work has been featured frequently in the media, including USA Today, CNN, the New York Times, and CBS' 60 Minutes.

Previously, with Peter G. Peterson, Howe co-authored On Borrowed Time, a pioneering call for budgetary reform and The Graying of the Great Powers with Richard Jackson.

Howe received his B.A. at U.C. Berkeley and later earned graduate degrees in economics and history from Yale University.