Why food inflation is a challenge for Kraft-Heinz
HTML-код
- Опубликовано: 4 окт 2024
- Shares of Kraft Heinz (KHC) are down Wednesday morning after the company posted fourth-quarter revenue that missed expectations. It was the third straight quarter revenue fell short of estimates. The company's price increases were outweighed by a decline in sales volume.
Erin Lash, Director of Consumer Sector Equity Research at Morningstar, joins Yahoo Finance to discuss Kraft Heinz's performance and the ripple effects of consumers being impacted by inflation.
Lash explains some of the challenges Kraft Heinz faces: "There's a basket of commodities that is decreasing, but there are still inflationary headwinds that Kraft Heinz and others throughout the space continue to face. For Kraft Heinz, they specifically called out tomatoes, sweeteners, labor, as well as transportation, and so all of those are putting upward pressure on their cost structure throughout the next several quarters. That's not dissimilar from what we've heard from other consumer product companies."
#youtube #inflation #stockmarket
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
Get the latest news and data at finance.yahoo.com
Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
Follow Yahoo Finance on social:
X: / yahoofinance
Instagram: www.instagram....
TikTok: www.tiktok.com...
Facebook: / yahoofinance
LinkedIn: / yahoo-finance
Who knew customers hate KHC's shrinkflation trickery
They're not the only ones. When Great Value coffee dropped their traditional 3-pound can, the price per ounce is the same as Maxwell House!
Mac and cheese is now 200g, is was 225g before… 10% less with a price increase… 😅
Very good report!
They get with Better Management starts with sourcing costs and added Production Facilities with different Product Lines given to the Markets and Delivery Services do uplift the Kraft-Heinz Profits.
who would have thought changing ingredients loweing quality and shrinkflation would impact sales 😆😂.
Oscar Meyer bacon tastes good as can be.
Erin is a bit of a looker. 🤔