Cautious lower-income consumers and slower restaurant sales are squeezing Kraft Heinz. The packaged food product company on Wednesday (May 1) released earnings showing a 1.2% drop in sales, driven by lower-income consumers spending less at both the supermarket and on meals away from home. The company said...
Makers and retailers of packaged foods and drinks are reportedly emphasizing value and discounts to a greater degree than they’ve done since the pandemic. This trend marks a reversal of the strategy companies have pursued since the beginning of the pandemic, which was to focus...
The grocery bill may increasingly be hard to swallow. The restaurant tab may make diners hesitant to reach for the check, and perhaps seek to split the bill with the rest of the table. In terms of headline numbers, the Consumer Price Index (CPI) increased 0.1% in...
Inflation’s steady at the moment, on its way to ticking up … and credit’s tougher to come by. The Federal Reserve Bank of New York’s Center for Microeconomic Data released the September 2023 Survey of Consumer Expectations on Tuesday (Oct. 10), that show a resignation...
May 22, 2023
As noted in The Wall Street Journal last week (May 10), U.S. consumers don’t view inflation with the same importance as they did just a year ago, dropping 15 points in importance, according to a Gallup poll cited in the article. Additionally, shoppers are adapting to high prices rising further, leaving little incentive for manufacturers and retailers […]
May 05, 2024
Denis Montenaro, a regular McDonald’s diner, recently came to a decision. “I’m done with fast food,” the 75-year-old California resident told The Wall Street Journal (WSJ) in a report published Sunday (May 5). The reason? A visit to the Golden Arches that ended with Montenaro paying nearly $10 for a bagel sandwich and a cup of coffee. As […]
May 01, 2024
Cautious lower-income consumers and slower restaurant sales are squeezing Kraft Heinz. The packaged food product company on Wednesday (May 1) released earnings showing a 1.2% drop in sales, driven by lower-income consumers...
April 08, 2024
Makers and retailers of packaged foods and drinks are reportedly emphasizing value and discounts to a greater degree than they’ve done since the pandemic. This trend marks a reversal of...
May 28, 2023
The British government wants supermarkets to cap food prices amid rampant inflation. U.K. health secretary Steve Barclay said Sunday (May 28) that ministers were in discussions with retailers to “address...
