Costco CFO says customers switching from beef and steak to cheaper meats may indicate looming recession
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Costco CFO Richard Galanti said late last month that some customers are switching from buying more expensive meats like steak and beef at the store to cheaper ones like chicken and pork, and even canned products.
Galanti said going back 20 years the company "would see some sales penetration shift from beef to poultry and pork" during a recession.
"We have seen some of that…
This story from foxbusiness.com was posted on 2023-06-04 by @coralca.