Despite numbers showing a healthy economy overall, lower-income spenders are showing the strain [Financial Post (Toronto, Ontario, Canada)]
The Kraft Heinz Company (KHC)
Last the kraft heinz company earnings: 4/30 07:05 am
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Source: Financial Post
NEW YORK (AP) — Cracks are showing in one of the main pillars keeping the economy out of a recession: resilient spending by U.S. households. Consumer goods giants from PepsiCo to Kraft Heinz have described recently how the combination of high inflation and higher interest rates is hurting their lower-income customers. Article content It's the culmination of everything getting more expensive amid high inflation, even if it's not as bad as before, and the drag of higher interest rates because of more expensive credit-card and other payments. Article content Remarkably resilient spending by U.S. consumers overall has been one of the main reasons the economy has avoided a recession, at least so far. Capitulation at the lower end of the spectrum could be the first crack for the economy. “The lower income consumer in the U.S. is stretched,” PepsiCo CEO Ramon Laguarta said late last month when reporting better profit than expected, and “is strategizing a lot to make their budget
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- Irish business tycoon and rugby record breaker Tony O'Reilly dies at 88 [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
KHC
Earnings
- 5/1/24 - Beat
KHC
Sec Filings
- 5/8/24 - Form 4
- 5/8/24 - Form 8-K
- 5/6/24 - Form 4
- KHC's page on the SEC website