Posted on 12/14/2017 8:00:58 PM PST by blam
Back in November, shortly after Trump ignited a war with the NFL over player protests of the National Anthem, Papa John's insisted that their sales were getting crushed by a backlash from fans who decided to boycott games (we covered it here: Papa John's Pulls NFL Ads Due To "Negative Consumer Sentiment"). That said, the complaint from Papa John's was seemingly discredited as a convenient excuse for poor earnings the very next day when Pizza Hut said they had seen no impact from the NFL protests. Of course, with all of the noise of seasonality, weather and random accounting games played by CFO's, it's almost impossible to know if, or by how much, declining NFL viewership actually impacted Papa John's earnings...any conclusions would be ambiguous at best. That said, what doesn't seem to be all that ambiguous, and probably should lend some credence to the original claims from Papa John's, is the startling collapse in chicken wings prices that coincided perfectly with Trump's first NFL protest tweets back in September. According to the Bloomberg data below, wing prices started dropping almost immediately after Trump's first tweets and have fallen a staggering 30% since.
Meanwhile, the collapse in wing prices was at least partially blamed for the abysmal earnings posted by one of the largest poultry producers, Sanderson Farms, earlier this this morning. Asked for their profit outlook for 2018, SAFM management, whose stock tumbled 12% on the day, seemed to be somewhat optimistic aside from crushing traffic declines at wing restaurants which they said are being attributed to the NFL protests.
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(Excerpt) Read more at truthinourtime.com ...
They're still not haute cuisine, but their stock has sure gone up in the past couple of decades.
Sanderson Farms is awful chicken.
Not very long ago a local restaurant would have $.25 wing days. That was half their usual price. We’re talking maybe 9 years ago.
Just went to the same restaurant and ordered the small basket, which has 10 wings - $9.95. One little thing of blue cheese included, if you wanted a second one they charged $1.
I can’t think of anything else in the food business that has at least doubled in the past 9 years. If I do my math right that is an 8% increase per year. Outrageous.
About time the price came down.
Bump.
EXCELLENT advice! (Grandkids, too!) Mrs BN is planning on card games with them while the family goes snowboarding next week - 3, 4 & 7 y.o.
Great News!
I go through two boxes every wingend and 3 boxes on a long wingend.
Have a small freezer dedicated to wings. Top it up when the sales are on.
Enjoying April’s purchases tonight.
Good thing I checked your gender. I was about to propose to you. :)
Last time I looked, this was STILL...’Merica! Eat what you wish. :)
ESPN had at least for a long time been about politics, has had a left-wing agenda.
Looking good, your keyboard is going to be a mess:-)
Your point is still taken. You ARE correct. I just love the little buggers.
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