"Insights from Butterball CEO: Demand for Larger Turkeys and Thanksgiving Tips"

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Source: Fox Business
"Insights from Butterball CEO: Demand for Larger Turkeys and Thanksgiving Tips"
Photo: Fox Business
TL;DR Summary

Butterball CEO Jay Jandrain states that larger turkeys are in demand this year as Americans return to pre-pandemic celebrations with bigger groups. Despite elevated food prices, the overall cost of Thanksgiving dinner is expected to be 4.5% cheaper compared to last year. The average cost of a 16-pound turkey is 5.56% cheaper than in 2021. Americans will spend an average of $61.17 on a meal for 10 people, which is $2.88 cheaper than last year. However, the average Thanksgiving meal is still about 25% more expensive than in 2019.

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