The Future of Junk Food Could Be Healthy Food
4 months, 3 weeks ago

The Future of Junk Food Could Be Healthy Food

Bloomberg  

A few weeks ago, PepsiCo Inc. —the biggest maker of grocery store food in the US—reported its quarterly earnings. After several years of price hikes, consumers are buying less of PepsiCo’s food and beverages, which include Lay’s potato chips, Doritos and Mountain Dew. Chief Executive Officer Ramon Laguarta blamed struggling American shoppers, whom he’ll try to woo back with discounts and ads. Large swaths of the packaged food industry are seeing the same thing: People are buying less junk.

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History of this topic

PepsiCo’s second quarter profits jump but customers slow their purchases after years of price hikes
5 months, 1 week ago

PepsiCo’s second quarter profits jump but customers slow their purchases after years of price hikes

Associated Press  

PepsiCo reported higher-than-expected earnings in the second quarter but acknowledged that after raising prices every quarter for more than two years, customers are not buying as many of its snacks and drinks. PepsiCo said Thursday that North American demand for its Frito-Lay snacks was “subdued” during the quarter and sales volumes dropped 4%. Laguarta said demand for energy drinks like …

Fast food chains launch ‘value menu’ war after cost complaints. Will it last?
6 months, 1 week ago

Fast food chains launch ‘value menu’ war after cost complaints. Will it last?

LA Times  

Millions of American families are hitting the road to start summer vacation, and ordering food on the run tends to be par for the course. After McDonald’s announcement last month, other fast food restaurants followed suit. The fast-food giant described this profit increase as having “benefited from average check growth driven by strategic menu price increases.” Price-weary diners have taken …

Despite numbers showing a healthy economy overall, lower-income spenders are showing the strain
7 months, 2 weeks ago

Despite numbers showing a healthy economy overall, lower-income spenders are showing the strain

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. “The lower income consumer in the U.S. is stretched,” …

Consumers are increasingly pushing back against price increases — and winning
9 months, 4 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 …

Enough of the $29 KFC bucket and the $18 Big Mac meal! Americans fed up with rising fast food prices are voting with their feet as McDonald's, KFC, Pizza Hut and Taco Bell sales disappoint
10 months, 1 week ago

Enough of the $29 KFC bucket and the $18 Big Mac meal! Americans fed up with rising fast food prices are voting with their feet as McDonald's, KFC, Pizza Hut and Taco Bell sales disappoint

Daily Mail  

McDonald's CEO has said in 2024 it will need to focus on 'affordability' Americans are turning their backs on fast food as some of the country's largest franchises continue to hike the prices of what were once affordable meals. Americans are turning their backs on fast food as some of the country's largest franchises continue to hike the prices of …

PepsiCo profit gets a bump on fewer charges, but sales slip after repeated price hikes
10 months, 2 weeks ago

PepsiCo profit gets a bump on fewer charges, but sales slip after repeated price hikes

Associated Press  

PepsiCo got a bump to fourth quarter profits thanks in part to lower charges and continued price hikes, but higher prices have weakened consumer demand for the company’s snacks and drinks. The New York company said Friday that it expects organic revenue growth of at least 4% this year, less than half the 9.5% growth that PepsiCo booked in 2023. …

PepsiCo raises 2023 profit expectations as price hikes offset falling sales volume
1 year, 5 months ago

PepsiCo raises 2023 profit expectations as price hikes offset falling sales volume

Associated Press  

Higher prices lifted PepsiCo’s revenue in the second quarter but dented consumer demand, and the company said Thursday that price increases could start to moderate in the second half of this year. CEO Ramon Laguarta said the company has been surprised by consumers’ willingness to keep buying its brands despite higher prices. The perceived value of our products is better …

Influencer brutally mocked after judging someone’s ‘crap’ food shop
1 year, 8 months ago

Influencer brutally mocked after judging someone’s ‘crap’ food shop

The Independent  

Sign up to IndyEat's free newsletter for weekly recipes, foodie features and cookbook releases Get our food and drink newsletter for free Get our food and drink newsletter for free SIGN UP I would like to be emailed about offers, events and updates from The Independent. She admitted that she was “quite snobby” about other people’s food shops, adding that …

The cost of food is down, but grocery bills are still up. Here’s why
1 year, 9 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 …

PepsiCo to lay off hundreds of workers in headquarters roles
2 years ago

PepsiCo to lay off hundreds of workers in headquarters roles

Live Mint  

PepsiCo Inc. is laying off workers at the headquarters of its North American snacks and beverages divisions, a signal that corporate belt-tightening is extending beyond tech and media, according to people familiar with the matter and documents reviewed by The Wall Street Journal. The cuts affect the company’s North America beverage business, which is based in Purchase, N.Y., and its …

Restrictions on shop junk food displays come into effect
2 years, 2 months ago

Restrictions on shop junk food displays come into effect

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. “We know how valuable good health is to everyone, …

Op-Ed: The processed food industry makes us desperate to lose weight — and then profits from it
2 years, 9 months ago

Op-Ed: The processed food industry makes us desperate to lose weight — and then profits from it

LA Times  

In 2020 the diet app Noom surged in popularity, one example of a new — arguably more mindful — era in diet trends. Despite its holistic messaging, Noom is a new entrant into an old diet industry — one built on consumer desperation, much of which was created by the processed food makers. With obesity surging past 42% and more …

US consumer prices surge in June by the most since 2008
3 years, 5 months ago

US consumer prices surge in June by the most since 2008

Associated Press  

WASHINGTON — Prices for U.S. consumers jumped in June by the most in 13 years, evidence that a swift rebound in spending has run up against widespread supply shortages that have escalated the costs of many goods and services. Tuesday’s report from the Labor Department showed that consumer prices in June rose 0.9% from May and 5.4% over the past …

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