Hot US inflation shakes the market, Kraft Heinz shares retreat on gloomy outlook and Prudential soars as it considers exit route for Indian joint venture

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Kraft Heinz's Price Hike Strategy Proves Costly As Consumers Retreat

Market Reality Check In what can only be described as a sobering wake-up call for the consumer packaged goods industry, Kraft Heinz (KHC.O) has found itself caught in a classic pricing trap of its own making. The food manufacturing giant’s recent financial forecast reveals the harsh consequences of successive price increases, as consumers increasingly turn away from beloved brands like Lunchables and packaged meat products in favor of more affor…

kamcity.com

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High Prices Impact Demand For Kraft Heinz Products

Kraft Heinz is forecasting that its profits this year will come below estimates as several years of price hikes continue to impact demand for its well-known packaged food lines. The company also missed sales expectations for a fourth straight quarter, (more…) The post High Prices Impact Demand For Kraft Heinz Products appeared first on KamCity.

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Hot US inflation shakes the market, Kraft Heinz shares retreat on gloomy outlook and Prudential soars as it considers exit route for Indian joint venture