Butterball turkey operations ‘bear the brunt of’ rising feed, transportation costs: CEO Jay Jandrain
Butterball president and CEO Jay Jandrain reports no shortages of Thanksgiving turkeys this year, and discusses inflation’s impact on company operations.
Despite Thanksgiving inflation, U.S. turkey producer Butterball is letting consumers know there’s plenty to gobble up thanks to "no shortages" within their operations.
"We expect that everyone who wants a turkey will get one this year," Butterball president and CEO Jay Jandrain said on "Cavuto: Coast to Coast" Monday. "We've shipped, actually, more product this year than we did last year. And so far, what we're hearing from the retailers is that pull-through is good, there are no shortages and everybody should be able to get just exactly what they're looking for."
Jandrain’s comments come as The New York Post reports that some Americans plan on winging it this Thanksgiving, as turkey prices alone have risen up to 23% year-over-year.
"I’m going to buy cooked chicken that they usually have on sale for $5 or $7," 62-year-old Osvaldo Baez told The Post. Baez, who’s on a fixed income, said he’s "always" celebrated the holiday with a turkey.
THANKSGIVING TURKEY PRICES WILL HIT A RECORD THIS YEAR, N.Y.C. GROCERY CHAIN C.E.O. WARNS
But according to surveys performed by Butterball, 85% of respondents who are celebrating Thanksgiving this year plan on buying turkeys, the CEO noted.