Butterball, LLC Risk Report

🛡️ Financial & Liquidity

Butterball, LLC has faced a challenging period in terms of financial performance, as highlighted by the reported decrease in income and sales. The company is attempting to navigate through financial setbacks and external allegations that could impact consumer trust and sales.

• Butterball reported a 70% decline in income during the third quarter 🗓 November 6, 2024.
• By the end of 2024, Butterball ended the year with a reduction in both income and sales 🗓 February 18, 2025.

⚖️ Legal & Regulatory

Butterball has been embroiled in significant legal and regulatory issues following allegations of turkey abuse. This has led to calls for boycotts and negative media coverage, which could result in further scrutiny from regulatory bodies.

• PETA accused Butterball of shocking animal abuse, causing a serious backlash and potential boycotts 🗓 November 26, 2024.
• No recall was issued despite circulating allegations of abuse amid calls for accountability 🗓 November 26, 2024.

👥 Labor & Workforce

The company has decided to shut down its processing plant in Arkansas, which will result in job losses. This decision appears to be a cost-cutting measure in response to financial pressures.

• Butterball announced the closure of its Arkansas processing plant, affecting 180 workers 🗓 December 6, 2024.
• The Jonesboro facility is set to shutter, impacting jobs and operations in the region 🗓 December 10, 2024.

📜 Innovation & R&D

Butterball has introduced an innovative product that eliminates the need for thawing a turkey, which simplifies the cooking process for consumers. This could enhance customer appeal and offset some negative implications from other challenges.

• The introduction of the 'cook from frozen' turkey product aims to make Thanksgiving preparations easier 🗓 October 14, 2024.
• Butterball’s new product could revolutionize Thanksgiving meal prep with its novel approach to frozen turkey 🗓 October 18, 2024.