Twitter Reacted How You’d Expect After Learning Chicken Wings Are Cheaper Than Ever
Wingstop president and CEO Michael Skipworth predicted the decline last month. He said he expected to see deflation in prices for bone-in chicken wings, as the company found the prices had fallen nearly 19% year-over-year in its fiscal second quarter.
Fabio Sandri, CEO of the multinational poultry processing company Pilgrim’s Pride, said the decrease in price is due to supply and demand. Sandri explained that earlier in the pandemic, demand for wings was high. To manage costs, restaurants began to replace bone-in wings with boneless wings. That lowered the demand and increased the supply of bone-in wings, ultimately making them cheaper.
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