Groceries

Spice-Maker McCormick Forecasts Tepid Annual Sales, Profit Amid Declining Demand

McCormick forecast annual sales and profit below analysts' estimates, hurt by a persistent slump in demand for its spices and condiments.

Dollar General Flags Profit Margin Squeeze From Holiday Discounts

Dollar General warned that profit margins would be pressured in the holiday quarter due to higher promotions and discounts.

Conagra Brands Exploring Sale Of Chef Boyardee, Sources Say

Conagra Brands is looking to sell its popular canned pasta brand Chef Boyardee, according to people familiar with the matter.

Australia Introduces Bill Imposing Fines For Supermarket Misconduct

The Australian government has introduced a bill into parliament that would impose potentially billion-dollar fines on big supermarket chains.

Nearly 80% Of US Consumers Planning A Traditional Thanksgiving This Year: Circana

Seventy-nine percent of consumers in the US plan to celebrate a traditional Thanksgiving with 61% hoping to eat their main meal at home, a new report has r...

Uncertainty Clouds Holiday Shopping Season As Walmart, Target Issue Mixed Forecasts

Retailers are in for a mixed holiday season this year ahead of Black Friday and Christmas, marked by watchful consumers keeping big spending on a tight lea...

Target Faces Muted Holiday Sales As Budget-Conscious Shoppers Prioritise Value

Target forecast holiday-quarter comparable sales and profit below estimates as value-conscious consumers shopped for low-priced essentials at rival retaile...

Walmart Raises Annual Forecasts, Betting On Strong Holiday Shopping

Walmart has raised its annual sales and profit forecast for the third consecutive time, a sign that it may be gaining market share ahead of the holiday sea...