Kraft Heinz said on Wednesday it would hit pause on further price hikes for its quick-fix meals and condiments, as consumers turn increasingly sensitive to persistently high inflation. The packaged food giant also forecast 2023 profit below Wall Street estimates, weighed down by more promotions and higher costs of commodities including dairy, soybean, oils and…
Kraft Heinz to Abandon Further Price Hikes as Shoppers Stretched Thin
Kraft Heinz Packs Earnings Beat on Raised Prices, Robust Demand
Kraft Heinz Co. posted fourth-quarter sales and earnings above Wall Street expectations on Wednesday, boosted by higher product prices and sustained demand for its packaged foods and condiments. Packaged food makers have been bumping up prices of their products to contend with surging costs of everything from shipping and labor to raw materials such as…
Kraft Heinz CEO Warns Shoppers: ‘Get Used to Paying More for Food’ Over Inflation
The CEO of Kraft Heinz, Miguel Patricio, warned that around the world and in the United States, people will have to get used to higher food prices due to “across the board” inflation. “We are raising prices, where necessary, around the world,” he told the BBC, adding that his firm has increased prices on more than…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`