Reported 2 days ago
The snack sector is suffering due to tariff uncertainty and rising inflation, impacting consumer choices at grocery stores. Campbell's, owner of popular snacks like Goldfish, reported a decline in both volume and revenue, reflecting changing purchasing habits as shoppers become more cautious. Other food companies, including PepsiCo and Kraft Heinz, are also noting shifts in consumer preferences, with increasing attention to pricing and overall spending. As summer approaches, there is hope for a rebound, but consumer confidence remains shaky amid economic challenges.
Source: YAHOO