Super Bowl Food Stocks: Wings, Pizza, Chips, and More
Key Takeaways:
* Wings: Chicken wing sales are expected to reach a record 1.47 billion during Super Bowl LIX.
* Pizza: Domino's and Wingstop are top stock picks in the pizza category, known for value and innovation.
* Buffalo Wild Wings: The chain experienced its highest sales day ever during last year's Super Bowl, selling over 11 million wings.
* Delivery: DoorDash saw a significant increase in orders for chicken wings, cauliflower wings, and other Super Bowl favorites.
* Snacks: Oreo cookies and salty snack brands Doritos and Lays are expected to perform well.
* Drinks: Molson Coors and Mondelēz are among the top stock picks, as beer and snacks tend to see high demand during Super Bowl gatherings.
Specific Stock Recommendations:
* Wingstop (WING): $16.99 boneless meal bundle has driven sales growth.
* Domino's (DPZ): New York-style pizza and value perception are key drivers.
* Molson Coors (TAP): Super Bowl provides a strong launch point for the beer giant.
* Mondelēz (MDLZ): Oreo cookies remain a growth driver for the snack company.
Industry Trends:
* Chicken Wing Prices: Prices have risen 7.2% year-over-year, but grocers are trying to maintain supply ahead of the weekend.
* Inflation Impact on Snack Brands: Snack brands are facing challenges in driving demand due to sticker shock from elevated prices.
* Fast Food and Restaurant Performance: Restaurants have been more successful in offering value and driving performance, compared to snack brands.