‘The lower income consumer in the U.S. is stretched': Pepsi's CEO isn't the only executive worried about the economy [Fortune]
The Kraft Heinz Company (KHC)
Last the kraft heinz company earnings: 4/30 07:05 am
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Source: Fortune
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. 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. 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 budgets get to the end of the month. And that's a consumer that is choosing what to buy, where to buy, and making a lot of choices.” At Tyson Foods , during a conference call to discu
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News
- Kraft Natural Cheese Debuts First Restaurant Quality Shredded Cheese Line After Acquisition By Lactalis [Forbes]Forbes
- Sour Patch Kids Oreos? Peeps Pepsi? What's behind the weird flavors popping up on store shelves [Yahoo! Finance]Yahoo! Finance
- Kraft Heinz Could Sell Oscar Mayer: What It Means for Investors [Yahoo! Finance]Yahoo! Finance
- Irish business tycoon and rugby record breaker Tony O'Reilly dies at 88 [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Simply Good Jars and Primal Kitchen Partnership on Display at National Restaurant Show [Yahoo! Finance]Yahoo! Finance
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