Steves Meat and Chicken Market, one of the largest meat and seafood markets in the country, expects double-digits growth in revenue this year and next.
Steves market is in the process of expanding the production capacity and is currently producing 30% more of its products in 2017 than it did in 2016, Chief Executive Officer Steven W. Goss told analysts.
The company plans to expand the capacity to 30% in 2018 and to 30-35% in 2019.
Goss said that despite a slowdown in the meat market last year due to warmer weather and the expiration of a few meat products, the company will continue to see growth in the coming years.
Steves Market will be adding a new meat product in the fourth quarter of 2018, which will be called ‘Steves Extra Fat’ which will contain extra fat, he said.
As part of its expansion, Steves is also looking to expand its product line, which includes Chewy Beef, Beef with Extra Fat, Chewy Bacon, Beef Stew and Chewy Chicken.
“The company is actively looking for additional growth opportunities that will allow us to further diversify our products and provide better value to our customers,” Goss said.