The global foodservice industry experienced a 77% drop in company filings mentions of COVID-19 in Q4 2023 compared with the previous quarter, with the highest share accounted for by Compass Group with 81% year-on-year decrease, according to GlobalData’s analysis of over 65 foodservice company filings. GlobalData’s Foodservice: Filings Trends & Signals Q4 2023 report delves into earnings call transcripts and quarterly reports within the foodservice industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
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Notably, COVID-19 was one of the most frequently referenced themes in Q4 2023, ranking highest in terms of mentions, ahead of digitalization and industrial automation, according to GlobalData.
Of the top leading companies in the foodservice industry, Compass Group had the greatest increase in references for COVID-19 in Q4 2023, compared with the previous quarter. GlobalData identified 25 COVID-19-related sentences in the company's filings - 2% of all sentences - and a decrease of 81% in Q4 2023 compared with Q4 2022. Starbucks’s mentions of COVID-19 dropped by 79% to 18 and Darden Restaurants’s by 56% to 16 and Restaurant Brands International’s by 28% to 13 and DoorDash’s by 57% to 12.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for COVID-19 in Q4 2023 was 233.
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For further understanding of GlobalData's Foodservice: Filings Trends & Signals Q4 2023, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
