A Credit Suisse Analyst Is Shocked By Thanksgiving Turkey Prices At Stop & Shop

Hormel and the cost of a turkey

Credit Suisse analyst Robert Moskow was incredibly surprised when the turkey he purchased from a Stop & Shop this week cost him $75.

During Hormel’s fourth-quarter earnings call on Tuesday, Moskow opened with a comment directed at the company.

Seeking Alpha caught his comment: “Hey there. A great year, great two years in a row, so here is a question about turkey. I literally just bought our turkey at Stop & Shop $75, $3.12 a pound. I mean it seems like a shockingly high price.”

Hormel CFO Jody Feragen joked that it was probably a Jennie-O, Hormel’s turkey brand. That suggestion was not confirmed by Moskow.

Hormel’s quarter was better than expected, as the company reported adjusted earnings per share of $0.74 against expectations of $0.69.

Revenue fell short $2.4 billion against expectations of $2.51 billion.

The company’s shares jumped by 3% on Tuesday.

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Written by Lane Hanson

Lane Hanson

Lane Hanson is BusinessPundit's Economy Editor. He reports on major changes in the US and Global Economies. He can be reached at Student Loan Ninja.