From dollar store shoppers to wealthier club store members, consumers are seeking value. So said Kraft Heinz CEO Carlos Abrams-Rivera, addressing his company’s 7.1% quarterly sales drop during an earnings call Wednesday (Feb. 14). Speaking with analysts, the chief executive said company data shows “that regardless of the...
As restaurants look to capture more of consumers’ day-to-day meal occasions, Taco Bell is going after shoppers’ grocery spending, selling meal kits in Walmart stores. The Yum Brands subsidiary announced Thursday (Jan. 4) the launch of meal kits based on its popular Crunchwrap Supreme and...
As many name-brand food companies work against inflation, The Kraft Heinz Company is seeing that the only way to protect its margins is to pass inflation onto consumers — even when that means their customers turn to competitors. On a call with analysts, the food...
As major food brands face increased competition from private-label and discount products, they are leveraging consumer data to get highly targeted in their marketing, maintaining loyalty and reaching new customers. Michigan-based multinational food manufacturing firm the Kellogg Company shared on a call with analysts Thursday...
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 spending less at both the supermarket and on meals away from home. The company said it raised its prices 2.7% year over -year to offset […]
February 14, 2024
From dollar store shoppers to wealthier club store members, consumers are seeking value. So said Kraft Heinz CEO Carlos Abrams-Rivera, addressing his company’s 7.1% quarterly sales drop during an earnings call Wednesday (Feb....
December 10, 2021
The Kraft Heinz Company will acquire 85% of Just Spices GmbH, with the company’s three founders retaining the other 15% of the German-based food company and shifting their focus to...
March 22, 2020
As the fast-spreading coronavirus changes daily life and affects every industry sector, businesses are finding new ways to stay afloat and keep customers fed and entertained. With the closure of...
