• The Washington Post reports that wholesale chicken wing prices "have been rising for months," and for one simple reason - increased demand.
"The increased demand," the story says, "is sweet revenge for the humble wing, an unwanted poultry byproduct back in the 1980s, when the American dining public was certain that animal fats would kill them and demanded only boneless, skinless chicken breasts. But starting around 2009, wing prices started to eclipse those for breasts, hinting that demand for wingettes and drumettes was on the rise."
The story makes the point that the cost of chicken wings has gotten so bad that Buffalo Wild Wings has been aggressively pushing boneless chicken wings, which aren't actually wings but shaped chicken breast meat.
• The Tampa Bay Times writes that Publix has reported second quarter sales of $8.4 billion, a 3.6 percent increase from last year's $8.1 billion. Comparable-store sales for the second quarter, which ended June 30, increased by 1.6 percent.
According to the story, "Publix's stock price decreased from $39.15 per share to $36.05 per share, the company reported. The grocery chain's stock is not publicly traded and is made available for sale only to Publix associates and the company's board of directors. This is the sixth time in recent quarterly results that the company has decreased its stock value. Since Publix is not publicly traded, its stock price fluctuates based on what the company is valued at."
"The increased demand," the story says, "is sweet revenge for the humble wing, an unwanted poultry byproduct back in the 1980s, when the American dining public was certain that animal fats would kill them and demanded only boneless, skinless chicken breasts. But starting around 2009, wing prices started to eclipse those for breasts, hinting that demand for wingettes and drumettes was on the rise."
The story makes the point that the cost of chicken wings has gotten so bad that Buffalo Wild Wings has been aggressively pushing boneless chicken wings, which aren't actually wings but shaped chicken breast meat.
• The Tampa Bay Times writes that Publix has reported second quarter sales of $8.4 billion, a 3.6 percent increase from last year's $8.1 billion. Comparable-store sales for the second quarter, which ended June 30, increased by 1.6 percent.
According to the story, "Publix's stock price decreased from $39.15 per share to $36.05 per share, the company reported. The grocery chain's stock is not publicly traded and is made available for sale only to Publix associates and the company's board of directors. This is the sixth time in recent quarterly results that the company has decreased its stock value. Since Publix is not publicly traded, its stock price fluctuates based on what the company is valued at."
- KC's View:
