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Top related persons:
Robin Wenzel - 1 Bernt Nelson - 1 Nelson - 1 Monty Rakusen - 1 That's - 1 — - 1 Robin Wenzel Wells - 1 Wenzel - 1
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2 mentions found


☆ Thanksgiving meals are expected to be cheaper in 2024 as turkey prices drop
  + stars: | 2024-11-20 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +5 min
And when it comes to Thanksgiving food, it seems Americans are getting relief on their grocery bills this year following a few years of escalating costs. The national average cost for a 16-pound turkey is down 6% from 2023, according to the Farm Bureau. Overall turkey prices have decreased about 4% in the past year, according to the consumer price index. Farmers raised about 205 million turkeys in 2024, down 6% from 2023, according to the U.S. Department of Agriculture. The aggregate impact has been lower turkey prices.
Persons: Robin Wenzel, Bernt Nelson, Nelson, Monty Rakusen, That's, —, Robin Wenzel Wells, Wenzel Organizations: American Farm Bureau Federation, Farm Bureau, Deloitte, Finance, Food Institute, Farm, Farmers, U.S . Department of Agriculture, Digitalvision, Getty, Food, USDA Locations: Wells, Turkey, U.S, Ukraine
☆ Chewy and Petco earnings make it clear: Pet health care is their future
  + stars: | 2023-03-23 | by ( Gabrielle Fonrouge | ) www.cnbc.com   time to read: +5 min
The retailers, which both released their quarterly earnings on Wednesday, began investing heavily into pet health when the pandemic-fueled pet boom saw 23 million American households welcome a new animal into their homes. The boom turned the overall pet market into a $123.6 billion dollar powerhouse in 2021, and it's expected to grow. Pet health care – and the high margins that come with it – is a crucial component to that overall market. It changed its name to Petco Health and Wellness Company in 2020. Pet adoptions surged during the pandemic, triggering a surge in demand for pet goods.
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