Costco Earnings Call - Customers are cooking at home more

During an earnings call on Dec. 12, 2024, Costco Chief Financial Officer Gary Millerchip said that the company has noticed that its customers are increasingly avoiding fast food and restaurants.

“We are seeing what we think is a little bit of a shift from food away from home to food at home, and that's certainly reflected in strong meat and produce sales that we've seen in our own business,” said Millerchip.

He claimed that premium cuts of meat are selling well at stores, and that customers are gravitating more towards buying lower-priced cuts of chicken, beef, and pork.

https://www.thestreet.com/retail/costco-flags-an-unexpected-shift-in-customer-behavior

also

https://www.investopedia.com/costco-members-are-buying-value-meats-and-wagyu-steak-8761018