NwOh | IN555 - 5/8/2026 20:28
I see in their quarterly earnings report that Texas Roadhouse said they are finally seeing demand destruction with high beef prices. They cited that consumers were switching to pork and chicken as an alternative. So is this really demand destruction based on beef prices or is this related to less discretionary money based on high fuel prices? Will be interesting to see how that market plays out over the next 12 months. With the covid inflation still close in the rear view mirror it isn't going to take much to put the bottom 50% in a world of hurt in a hurry. Equities are ripping while I see the path we are heading down leading to a recession if things don't change fairly quickly.
Funny how higher priced beef and fuel curb people's spending, mean while the same people will walk out of the general store with a 4$ energy drink and a 10$ pack of smokes. You never hear PepsiCo in dire straits. |
Has beef prices gotten too high?
