Save on Grilling, Despite Record High Beef Prices
Walmart said U.S. sales rose 4% as higher-income shoppers traded down while beef prices climbed 16% above last year, the company said.
- Walmart reported U.S. comp sales up 4% ex-fuel in Q1 FY27, with pronounced share gains among upper-income households trading down due to beef prices surging 16% year-over-year.
- Ground beef hit record highs up more than 14%, steak surged over 16%, and hot dogs rose nearly 11%, according to CNBC reporter Brandon Gomez, while the U.S. cattle herd fell to a 75-year low driven by drought and labor shortages.
- A standard summer cookout for eight people now costs roughly $100, up from $90 last Memorial Day, with meat alone jumping from roughly $55 to $63, per exact year-over-year comparison.
- Kroger is closing roughly 60 underperforming stores over 18 months to fund price investments under new CEO Greg Foran, as lower-income households face proportionally steeper pain from the 14% beef increase.
- Multiply beef increases across three summer holidays and households face an added $30 burden on tight budgets, while the Trump administration paused two executive orders earlier this month aimed at bringing down record beef prices before November's midterms.
14 Articles
14 Articles
Save on grilling, despite record high beef prices
This summer grilling season, ribeye steak might cost you $21.99 a pound. Ground chuck for burgers is $6.49 a pound or higher if you want leaner ground beef.It's impacting everyone hoping to grill up a nice dinner."The food is expensive right now, but we make it work," said Sam Moore, owner of J&W Barbecue.With beef prices up 14.8% year over year, the summer cookout is getting more expensive but there are ways to keep the grill fired up without o…
Memorial Day Cookout Costs Are Crushing Wallets: Beef Up 14%, Steak Up 16%, Hot Dogs Up 11%
The post Memorial Day Cookout Costs Are Crushing Wallets: Beef Up 14%, Steak Up 16%, Hot Dogs Up 11% appeared first on 24/7 Wall St.. Quick Read Walmart (WMT) reported U.S. comp sales up 4% ex-fuel in Q1 FY27 with pronounced share gains among upper-income households trading down due to beef inflation, while Kroger (KR) under new CEO Greg Foran is closing roughly 60 underperforming stores over 18 months to fund price investments to combat the 1…
Memorial Day Cookout Costs - The Pulse of NH
Americans grilling out this Memorial Day weekend will notice higher prices for many barbecue essentials. The Bureau of Labor Statistics consumer price index inflation data from April showed prices have jumped since last year for several popular cookout dishes. Ground beef prices have soared by over 14-percent, while the cost of steak is up 16-percent. […]
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