Why food companies want consumers to buy more of everything
4 days, 19 hours ago

Why food companies want consumers to buy more of everything

Live Mint  

After years of raising prices, food companies making everything from cookies to snacks and frozen meals say they need to sell more products to post a profit. Price increases have been good for profits, but packaged food and snack company executives see sustained volume growth as the way forward, so they are flooding store aisles with new takes on familiar products, such as frozen bar-b-que loaded chicken patties. Conagra executives last month said 67% of the company’s brands held or gained volume share in the latest three-month period, with microwave popcorn, chili and frozen single-serve meals among the standouts. “We’re not where we want to get to in terms of volume growth on a continued basis," said Chief Financial Officer Dave Marberger. Growth is instead pinned on new and refreshed products, quality ingredients, measured promotions, advertising and strong sales, he said, noting, “We don’t want to go into the price trap."

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History of this topic

Consumers are increasingly pushing back against price increases — and winning
10 months, 2 weeks ago

Consumers are increasingly pushing back against price increases — and winning

Associated Press  

WASHINGTON — Inflation has changed the way many Americans shop. “That was the fear — that everybody would tolerate higher prices,” said Gregory Daco, chief economist at EY, a consulting firm, who notes that it hasn’t happened. “I don’t think we’ve moved into a high inflation regime.” Instead, this time many consumers have reacted like Stuart Dryden, a commercial underwriter …

Consumers are increasingly pushing back against price increases — and winning
10 months, 2 weeks ago

Consumers are increasingly pushing back against price increases — and winning

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “That was the fear — that everybody would tolerate …

The cost of food is down, but grocery bills are still up. Here’s why
1 year, 10 months ago

The cost of food is down, but grocery bills are still up. Here’s why

CNN  

New York CNN — Why aren’t prices falling at the grocery store? “When costs change, especially when costs change in a very publicized way,” it’s not unusual for companies to use the moment to raise prices, said Jean-Pierre Dubé, a marketing professor at the University of Chicago Booth School of Business. A few years ago, food makers “started increasing their …

Corporations are keeping food expensive because, well, they can
1 year, 10 months ago

Corporations are keeping food expensive because, well, they can

CNN  

Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. “Companies view these as occasional opportunities, and they don’t want to miss out,” Jean-Pierre Dubé, a marketing professor at the University of Chicago Booth School of Business, told Danielle. But have, I think, taken price increases that exceed that,” said Mark Lang, an associate professor of marketing …

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