teens

Teen food spending hits new high

Piper Jaffray says it reached 24% of overall teen wallet

Teen spending on food has hit a new high in Piper Jaffray’s twice-a-year survey of that age group, with limited-service brands like Starbucks and McDonald’s leading preferences, the investment banking firm said Monday.

The “Spring 2017 Taking Stock With Teens” survey of nearly 5,500 students found the largest spending category was food, reaching 24 percent and passing clothing for the first time. In spring 2014, spending on food had been 18 percent.

&ld

All access premium subscription

Why Upgrade your account?


NRN is your one-stop source for foodservice news and business intelligence. Upgrade today and get unlimited online access to all breaking news, in-depth analysis, data and tools. This includes digital versions of NRN flagship reports (Consumer Picks, Top 200) as well as Same Store Sales Data Tables, Quarterly Industry Snapshots and more.


Questions about your account or how to access content?
Contact: Desiree Torres [email protected]

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish