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Record-high chicken prices are expected to continue in US grocery stores as Tyson Foods and other companies reduce poultry production to increase profit margins. This comes as cost-conscious consumers choose chicken over beef and pork. Additionally, Popeyes has overtaken KFC as the second-largest chicken chain in the US, with Chick-fil-A remaining in the top spot. According to market share data, Chick-fil-A holds 45.5% of the market, followed by Popeyes at 11.9% and KFC at 11.3%. The rise in food prices is also linked to the increase in oil prices, as UBS analysts suggest that higher oil prices tend to correlate with higher food-at-home prices.
Popeyes is now the nation's No. 2 chicken chain, CNBC reported. After a decade in the No. 2 spot, KFC has been dethroned by Popeyes and now holds the bronze medal. Chick-fil-A is still No. 1. https://t.co/zeOzdM91Ze
Chick-Fil-A remains KING of fast-food chicken as KFC tumbles to number THREE nationwide. Check out the carnage. https://t.co/6aOanR8uAR
Chickens for KFC. https://t.co/WlcDIFrFaM
Chickens for KFC https://t.co/mg1dm0T4Jg
POPEYES OVERTAKES KFC AS NO. 2 CHICKEN CHAIN, BUT CHICK-FIL-A STAYS ON TOP WHO HAS THE BEST CHICKEN SANDWICH IN AMERICA? 🇺🇸 https://t.co/JM46rSVPLV
Chicken chain market share: • Chick fil A - 45.5% • Popeyes - 11.9% • KFC - 11.3% Respect the chicken king https://t.co/GgW5ODEwIG
🔸 Food Prices Seen Rising With Oil Prices: UBS Consumers spending more at the pump as gas prices rise are also likely to see higher expenses in the grocery aisle. UBS analysts write in a research note that oil prices tend to correlate with higher food-at-home prices. Analyzing… https://t.co/nRvWxAuYv9
Record-high chicken prices in US grocery stores are expected to remain elevated as Tyson Foods and other companies reduce poultry production to increase profit margins, while cost-conscious consumers opt for chicken over beef and pork https://t.co/2KDeQGqK4W https://t.co/hju1KyYVnx