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Stock impact report

Weight-loss drugs crush food demand as farmers face dumping mountains of potatoes [FOX News]

Shake Shack, Inc. Class A (SHAK) 
Last shake shack, inc. class a earnings: 2/24 04:05 pm Check Earnings Report
Company Research Source: FOX News
The rapid rise of weight-loss injections is reshaping the quantity of food people eat — leaving farmers in some areas with a growing surplus of unsold potatoes. The trend toward healthier eating habits , combined with the widespread use of drugs like Ozempic and Mounjaro, are cutting demand for traditional staples and weighing on grocery sales, news agency SWNS reported. Farmers across the United Kingdom, for example, say they're facing the prospect of discarding thousands of tons of stored potatoes as their sales continue to fall. Farm owner Andy Goodacre said he's been left with a surplus he cannot sell after demand from supermarkets declined in recent years, he told the outlet. Goodacre currently has about 1.3 million pounds of his potatoes at risk of being dumped — stock valued at roughly $158,000. "I've never known a season like it," Goodacre said. "It doesn't seem as though people want to eat like they used to." The veteran farmer, who has supplied the industry for Show less Read more
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