Price Hikes

Hormel Foods Forecasts Annual Sales, Profits Below Estimates

Hormel Foods forecast annual sales and profit below estimates, hurt by slowing demand for its snacking and meat products.

Kraft Heinz has posted a steeper-than-expected fall in quarterly revenue as demand stayed weak for its branded meal kits and snacks with consumer...

Conagra Brands fell short of Wall Street estimates for first-quarter results as budget-conscious consumers switched to lower-priced alternatives.

PepsiCo is in advanced talks to acquire tortilla-chip maker Siete Foods for more than $1 billion, the Wall Street Journal reported.

Ghana will increase the state-guaranteed price paid to its cocoa farmers by nearly 45% for the 2024/25 crop season, two sources told Reuters.

Brown-Forman missed first-quarter profit and sales estimates, hurt by higher input costs and weaker demand for its pricey whiskey and spirits.

Kraft Heinz slashed its organic sales forecast for 2024, signalling that higher prices of its snacks and ready-to-eat meal kits would p...

France's Danone beat second-quarter sales expectations, boosted by higher sales volumes as price hikes slowed.

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