For 2024, as the availability of bacon rose and pricing leveled off to what consumers are willing to pay, retailers have begun promoting it and consumers are responding by purchasing bacon at or above prior levels.
Salmon has among the highest household penetration of all seafood categories, making it a great fish to promote “because it simply draws more eyes than a more specialty variety,” said Anne-Marie Roerink, principal at 210 Analytics.
While analysts expect fresh seafood sales to continue to be challenged in 2024 due to shoppers’ economic concerns, sales of prepared seafood items should continue to grow.
Despite a drop in revenue, net earnings were $971 million, or $2.10 per share on the common stock, compared with $712 million, or $1.55 per share, in the previous year’s third quarter.
In the fiscal third quarter ended Sept. 30, JBS SA reported a steep decline in net income by 84.7% compared to the same period last year, dropping to $117.3 million.
Upside said the use of its platform leads to 10% larger baskets, 1.7 times more visits than the average customer and 1.9 times higher spending compared to the average customer.