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Got beef? Consumers increasingly don't
Q1 earnings calls featured a decent dose of negative commentary on consumers and the economy and one novel bit came from Costco's Richard Galanti, who was asked about consumers trading down:Historically, like within fresh protein, we've always seen when there's a recession, whether it was '99 or '00 or '08, '09, '10, we would see some sales penetration shift from beef to poultry and pork. We have seen some of that now. I think anecdotally, I heard a few months ago from our Head of Food and Sundr...
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Posted: May 30 2023, 17:19
Author Name: forexlive
Views: 102392
