One Credit Suisse analyst just couldn't believe how much his Thanksgiving turkey cost at Stop & Shop

[TumbleAndJumble]

Credit Suisse analyst Robert Moskow can't believe how expensive his Thanksgiving turkey was this year.

On Hormel's fourth-quarter earnings call on Tuesday, Moskow opened his question to Hormel management by noting that he just bought his turkey at Stop & Shop.

And boy, was it expensive.

Here's Moskow, via Seeking Alpha: "Hey there. A great year, great two years in a row, so here is a question about turkey. I literally just bought our turkey at Stop & Shop $75, $3.12 a pound. I mean it seems like a shockingly high price."

Hormel CFO Jody Feragen joked that it was probably a Jennie-O, Hormel's turkey brand. Moskow did not confirm this, and followed up with a general question about profit guidance for the Jennie-O segment.

So not only did Moskow get in an anecdote about how much his Thanksgiving turkey cost, but he also got in a version of a "Great quarter, guys" comment.

In a way, this is the perfect earnings-call question.

Overall, Hormel's quarter was better than expected, with the company reporting adjusted earnings per share of $0.74 against expectations for $0.69.

But revenue was a bit light, coming in at $2.4 billion against expectations for $2.51 billion.










http://www.businessinsider.com/hormel-fourth-quarter-earnings-report-2015-11

[MADem]

1. You only get the "real" price with a loyalty card.

It's the Royal Ahold way. They do the same thing at their GIANT franchise.

[yeoman6987]

2. Practically all food stores do that now.

Thank goodness the store I shop does not. Publix doesn't need gimmicks to get shoppers into that store and I am thankful.

[MADem]

3. Artie Demoulas' Market Basket doesn't play that game either.

I go all over hell so I have 'em from everywhere...Safeway, GIANT, Stop and Shop, Winn Dixie, etc.

Funny, though--I prefer the no-card stores.

[ProfessorGAC]

5. Jewel Osco Dropped Them In The Chicago Market

Since that's Acme and Albertson's too, the whole chain may have dropped them. I didn't know about that until i went there and realized i didn't have the card in my wallet. I asked about getting a replacement or temporary and the lady told me i didn't need it anymore. All prices were the same for everybody. Then i saw the price on their beer and said to myself "Cool!"

[Vinca]

6. Either does Hannafords.

Those cards drive me nuts. Just give everyone a fair price already.

[seaglass]

4. I just bought a generic 24 lb turkey at Stop & Shop for 23.00, list price 45.00. The most

expensive turkey I saw there was a 20-21 lb turkey for $65 no discount. I forget the brand but the turkey only ate vegetables. A bit concerned about what my turkey ate but I will be brining it so it should taste fine and hopefully not poison my guests.

[meaculpa2011]

7. Bought a Butterball at Stop & Shop last...

Friday for .99 per pound. I use the loyalty card, as I do at the gas station, the sporting goods store and the marine supply.

Plus, I get the associate's discount because my son works in the deli department.

He's following in his father's footsteps. In 1967 I was working in the deli department at Waldbaum's and met the cutest little part time cashier. We've been together since.

[alcibiades_mystery]

8. I worked at a Waldbaum's all through high school (and a summer or two of college)

[meaculpa2011]

10. Me too. 1967 to to 1970...

then went on to a variety of odd jobs to accommodate my college schedule.

Where did you work? I was at store #68 in Lindenwood, Queens.

One of my co-workers at the time started at store #1 in Brooklyn when it first opened.

They're all converting to Stop & Shop now. The employees seem to be happy about it since they were not treated well by previous management.

[alcibiades_mystery]

12. more like 89-94 for me

Don't like to go into more detail than that online. In Queens, though.

Manager was an asshole. I actually quit right off the floor, threw the apron down sorta thing. I had had enough. Was a union shop.

[meaculpa2011]

13. You're a kid...

so from one Queens kid to another, have a great holiday.

[alcibiades_mystery]

14. Haha

You too!

[mnhtnbb]

9. My store had a discount on their brand frozen turkeys @ $.59/lb for one week

two weeks ago. I had been making room in my freezer and just was able to fit
the 16 lb bird I bought for less than $10. in the freezer. It's been thawing in the
refrigerator since Sunday and will hopefully not need any cold water bath defrosting tomorrow
before roasting.

[trof]

15. .49/lb at Rouse's Monday.

Rouse's is a family owned small chain in the south.
http://shop.rouses.com/

[FLPanhandle]

11. We usually get our turkey from a local farm

Much better than those corp farm turkeys.