Article Date 23/10/2020

The big question-how much will 'food away from home' sales recover next year?

Source Desjardins

The Desjardins Takeaway While our sales forecasts for the grocers assume a 90% recovery rate next year for food away from home (in line with the latest forecasts by Restaurants Canada), we believe 90% is likely optimistic as more companies extend 'work from home' well into next year. As a result, we believe there is upside to our forecasts for the grocers. We are raising our targets for EMP and FOOD, and reiterate our Buy ratings.
 

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