MT Newswires3d agobearish
General Mills Likely to Miss Quarterly Earnings Estimates on Inflation, Shipment Timing, RBC SaysGeneral Mills (GIS) is likely to fall short of market consensus on its fiscal first-quarter earnings
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The Wall Street Journal46d agobearish
U.S. Consumer Brands Say Chicken, Soap and Snacks Are Selling Better OverseasMajor packaged-goods firms, retailers and food makers are seeing substantial increases in overseas revenue that are outpacing slowing domestic sales.
GuruFocus.com50d agobearish
Kraft Heinz Stock Falls as Better Sales Meet $7.4 Billion ChargeImproved guidance did not resolve investor concern about declining volume, rising investment and persistent inflation.
Stocktwits113d agobearish
CPB, CAG, GIS, KHC, And SMPL Stocks Slump In Pre-Market: Why Does Bernstein See ‘Troubled’ Times Ahead?Bernstein downgraded the stocks, citing headwinds from surging oil prices, the GLP-1 trend, and rising inflation.
24/7 Wall St.133d agobearish
Trump Wants Rate Cuts. The Data Just Made That Nearly Impossible.The President wants rate cuts. His pick is set to take the chair at the Federal Reserve. Futures markets have spent weeks pricing in easing. Then the Bureau of Labor Statistics released the April Consumer Price Index report, and the door slammed shut. Headline CPI rose 3.8% year-over-year in April, up from 3.3% in March, ... Trump Wants Rate Cuts. The Data Just Made That Nearly Impossible.
Financial Times134d agobearish
Trump cuts to food subsidies bite US food companiesThe food industry is starting to feel the impact of cuts to US grocery subsidies that were part of the giant tax and spending bill passed by...
Food Dive147d agobearish
Food giants hit with consumer lawsuit calling ultraprocessed ingredients addictiveThe complaint against Kraft Heinz, PepsiCo and other companies aims to connect packaged foods and consumer health issues after a judge tossed a similar lawsuit last fall.