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
It’s Finally Time to Pay for Ketchup and COVID
Commentary In the grand scheme, a half-million dollars may not seem like a lot. For a business that runs on relatively thin margins, though, any surprise cost increase can end up making a tremendous difference. So it was for Long John Silver’s circa April 2021. The “Great Ketchup Shortage” had just cost the restaurant chain…
Heinz Just Revealed It Made Ketchup With Tomatoes That Can Be Grown on Mars
By Emily Rella The billionaire space race and leaps and bounds made toward full human space tourism in the past years have made the prospect of traveling outside of this planet something that not only feels possible but fully probable in the near future. The idea of eventually spending time in a completely different atmosphere raises…
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