Premium Brands' Customers Trade Down to Offset Higher Cost of Beef, Poultry and Pork -- Market Talk
Dow Jones03-19 20:08
1208 GMT - Premium Brands Holdings' customers are trading down to lower-value products as the cost of its inputs, like beef and pork, continues to rise. The company says that beef has seen the highest price increase, but the prices of poultry, pork and lobster have also risen and been passed down to consumers where possible. However, the response has been a choosier consumer. Premium Brands says its sales mix has changed as certain customers have shifted their buying to lower-value products in response to the higher costs. This has dragged on margins and profitability. The company says it is seeing beef prices stabilizing in the new fiscal year, but the trajectory is still "moderately inflationary." (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
March 19, 2026 08:08 ET (12:08 GMT)
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