The new reality for big food stocks: Shrinkflation, upset shoppers, and excessive meat sticks

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 36 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 49%
  • Publisher: 63%

Packaged Food Nachrichten

General Mills,Conagra Brands,Peter Galbo

The case to own big food stocks isn't great.

"From a generalist investor standpoint, I would say it has been pretty quiet . Your typical kind of institutional money has been quieter in the space," youthful, energetic packaged food analyst at Bank of AmericaYou can easily see that in some Yahoo Finance-sourced data.

Consumers are pissed off at Big Food for its pricing strategies and are voicing their views by purchasing less. You saw that in PepsiCo's Senator Elizabeth Warren has been making the rounds talking about shrinkflation and taking food companies to task for it. "We see that consumer is very challenged, and that the consumer is making a lot of decisions. They're optimizing their full budget, so they might be cutting on food to pay for their subscriptions, or they might be cutting on food to go to see movies on the weekend. Really, there is a lot of trade-offs they're making when it comes to food." PepsiCo chairman and CEO"People at lower income levels are always more challenged.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 47. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock market today: Nasdaq leads stock declines while oil spikes on Iran attackUS stocks sold off on Tuesday after Iran fired over 100 ballistic missiles against Israel.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: US stock futures tread water in wait for Fed's rate callInvestors are bracing for a crucial week dominated by the Fed's first interest-rate cut in four years.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: Stock rally loses steam as S&P 500, Dow slip from recordsNow that the Fed has started cutting rates, the economy has taken to the fore for investors.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »