Fourth of July Cookout Costs Rise 4% Says Stew Leonard's CEO
Stew Leonard Jr., President and CEO of Stew Leonard's grocery stores, discussed the recent 4% increase in the average cost of an Independence Day meal
Stew Leonard Jr., President and CEO of Stew Leonard's grocery stores, discussed the recent 4% increase in the average cost of an Independence Day meal for 10, now $73.82. He emphasized that despite the rise, the per-person cost remains reasonable compared to dining out.
The primary driver of the price increase is beef, with meat prices rising from $2.50 to $2.75 due to a 75-year low in cattle herd sizes and strong demand for protein. He speaks with Romaine Bostick & Bailey Lipschultz on "The Close." More on Bloomberg Television and Markets Like this video?
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