Thanksgiving: Stores are enticing customers with cheap turkeys, analyst says

Thanksgiving: stores are enticing customers with cheap turkeys, analyst says

Yahoo Finance published this video item, entitled “Thanksgiving: Stores are enticing customers with cheap turkeys, analyst says” – below is their description.

#yahoofinance #thanksgiving #turkey

Bank of America Analyst Peter Galbo joins Yahoo Finance Live to discuss the rise in food prices ahead of the holiday season, brands that will be affected by the rising costs, the consumption of processed foods, and turkey availability. This segment originally aired on November 22, 2022.

Yahoo Finance YouTube Channel

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In This Story: Thanksgiving

Thanksgiving is best known as a holiday celebrated in the United States on the fourth Thursday of November every year, usually through feasting, parades and travel to see family and friends, though celebrations were scaled back during the 2020 coronavirus pandemic.

The roots of the modern celebration lie in settlers celebrating their arrival in the Americas in the early 1600’s. It has been a public holiday since 1941 due to federal legislation, an annual tradition in the United States by presidential proclamation since 1863 and by state legislation since the Founding Fathers of the United States.

Traditionally, Thanksgiving has been a celebration of the blessings of the year, including the harvest. What Americans call the “Holiday Season” generally begins with Thanksgiving. The first day after Thanksgiving Day—Black Friday—marks the start of the Christmas shopping season.

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In This Story: Turkey

Turkey, officially the Republic of Turkey, is a transcontinental country located mainly on the Anatolian Peninsula in Western Asia, with a smaller portion on the Balkan Peninsula in Southeastern Europe.

Istanbul, which straddles Europe and Asia, is the country’s largest city, while Ankara is the capital. The majority of the population identifies as Turkish, around 20% identify as Kurdish.

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