00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Major U.S. food companies are struggling to reverse falling sales and profits
00:06as shoppers move away from legacy processed food brands.
00:10Consumers are seeking more protein, fresh ingredients, and cleaner labels,
00:14while GLP-1 use is reducing demand for calorie-dense products.
00:19Affluent shoppers are trading up to smaller brands,
00:22while lower-income households are choosing cheaper private label products.
00:26General Mills reported a 2% decline in fiscal 2026 organic sales
00:31and expects another year of flat-to-lower sales.
00:34Conagra cut its dividend and projected a sharper earnings decline than Wall Street expected.
00:39Kraft Heinz and Campbells face similar sales and earnings pressures.
00:43Higher oil prices are also raising fertilizer, packaging, and freight costs,
00:48leaving food makers facing pressure on both sales volumes and profit margins.
00:52For all things money, visit Benzinga.com.
00:55Just something uncovered in澤 Pastor V...
00:55...
00:55Nyppper 1
Comments