Editorial: Turns out it’s bad business to jack prices just because you can
Bosses of consumer products and packaged food companies are scratching their heads for reasons why consumer demand for their goods has slackened so much since the spring. Stocks of those companies — locally based examples include Kraft Heinz and Conagra Brands, owner of familiar names like Birds Eye, Slim Jim, Duncan Hines and Reddi Whip — are down by well over 20% in 2023, disappointing ...
Bosses of consumer products and packaged food companies are scratching their heads for reasons why consumer demand for their goods has slackened so much since the spring.
Stocks of those companies — locally based examples include Kraft Heinz and Conagra Brands, owner of familiar names like Birds Eye, Slim Jim, Duncan Hines and Reddi Whip — are down by well over 20% in 2023, disappointing investors. Each quarter this year sales have been softer than those executives anticipated in the previous quarter.
These companies are proffering lots of theories as to why. Consumers are becoming
