business news in context, analysis with attitude

Bloomberg Second Measure is out with an analysis of how consumer spending has changed during a time of high inflation and supply chain issues, concluding that "average transaction values increased the most year-over-year at H-E-B and The Kroger Company, but Ahold Delhaize saw the most growth in year-over-year sales.

"H-E-B and Kroger saw the most growth in average transaction values year-over-year."

The analysis goes on:

"Most of the grocery companies in our analysis experienced year-over-year growth in average transaction values in July 2022. Between July 2021 and July 2022, the average transaction value at H-E-B grew 12 percent, the largest increase among the companies. The average transaction value also increased 10 percent year-over-year at The Kroger Company.

"In the same time frame, average transaction values grew 8 percent at Aldi, 7 percent at Ahold Delhaize (which includes Giant, Stop & Shop, FreshDirect, Martin’s, Hannaford, Bfresh, and Food Lion), 4 percent at Albertsons Companies, Inc (which includes Pavilions, Haggen Food & Pharmacy, Albertsons, Safeway Supermarket, Tom Thumb Fuel, Safeway Fuel, Star Market, Acme, Albertsons Market, Shaws, Vons Supermarket, Market Street, Vons Fuel, United Supermarkets, United Express, Jewel-Osco, Tom Thumb Supermarket, Randalls Fuel, and Randalls Supermarket), and 3 percent at Publix.

"Trader Joe’s was the only grocery company in our analysis that did not experience an increase in average transaction value, instead remaining consistent year-over-year.

"In July 2022, shoppers at H-E-B spent $64 on average, the highest average transaction value in our analysis. By contrast, customers at Albertsons Companies, Inc spent $44 on average per visit, the lowest among these grocery competitors."