Fourth of July Cookout Costs Rise 4% Says Stew Leonard's CEO
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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? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/b
Tags: 4th of July, Bailey Lipschultz, Barbeque, Romaine Bostick, Stew Leonard, Stew Leonard's-Danbury LLC
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