Aa few thoughts based on my restaurant vantage + experience with people I know on GLPs.
While you eat less I’m not sure it meaningfully changes overall spending when going out to eat. Maybe you end up with leftovers vs finishing, but it’s not causing people to just not go out. And people often take leftovers home to just throw them away in a few days.
Groceries I could see shifting some from simply eating less, but still the above mechanics tend to hold. Make a standard meal and there is more leftover, with much of it getting thrown away.
If a GLP made you overall eat 20% less I’m thinking the actual grocery and dining spend drop is maybe ~5-10% in real dollars. Not nothing, but not the grocery or restaurant apocalypse some seem to expect. And for many I know diet choices seem to improve in quality, further offsetting spending drops for higher $ (but healthier) options.
LexCrazed, Boltzmann Brain Surgeon (@LexCrazed)
And yet we’re getting articles about the BIG CHANGES GLP-1s ARE MAKING TO THE FOOD INDUSTRY every few months…
— https://nitter.net/LexCrazed/status/2052413008396124212#m