The global foodservice industry experienced a 38% drop in company filings mentions of ecommerce in Q1 2024 compared with the previous quarter, with the highest share accounted for by DoorDash with 8% year-on-year decrease, according to GlobalData’s analysis of over 32 foodservice company filings. GlobalData’s Foodservice: Filings Trends & Signals Q1 2024 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, ecommerce was one of the most frequently referenced themes in Q1 2024, ranking highest in terms of mentions, ahead of advanced materials and individualism & expression, according to GlobalData.
Of the top leading companies in the foodservice industry, DoorDash had the greatest increase in references for ecommerce in Q1 2024, compared with the previous quarter. GlobalData identified 66 ecommerce-related sentences in the company's filings - 3% of all sentences - and a decrease of 8% in Q1 2024 compared with Q1 2023. Yum China’s mentions of ecommerce rose by 15% to 15 and Chipotle Mexican Grill’s by 25% to 3.
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 ecommerce in Q1 2024 was 86.
For further understanding of GlobalData's Foodservice: Filings Trends & Signals Q1 2024, 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.
