Reported about 13 hours ago
A recent Butterball survey indicates that 97% of Americans expect to see food price increases this Thanksgiving compared to last year. Many are planning to cut back on spending, with 19% reducing grocery expenses and 18% trimming decoration budgets. Butterball CEO Jay Jandrain discusses the current food pricing landscape, emphasizing that turkey prices remain attractive, at about a dollar per pound. He also highlights the broader implications of inflation on consumer spending and Butterball's strategic adaptations to navigate these challenges.
Source: YAHOO