Inflation

Hershey Lowers Annual Forecast As High Prices Hurt Demand

Hershey cut its annual profit forecast on Thursday and posted a near 17% drop in quarterly sales, highlighting cautious consumer spending.

Irish consumer sentiment reached its best level in two and a half years in July, though no dramatic change indicated a general optimism.

Grocery inflation has increased slightly for the first time in 15 months as Dunnes Stores and Tesco lead the market, Kantar reported today.

Premier Foods, the maker of the Mr. Kipling brand, reported a 5.3% rise in Q1 sales on Thursday, maintaining its forecast for the year.

UK grocery inflation has fallen this month to its lowest level since September 2021, data from market researcher Kantar showed on Tuesday.

PepsiCo missed expectations for second-quarter revenue on Thursday as it faced weak demand for its snacks and sodas, mainly in the US.

Sainsburys reported a 3% rise in first-quarter underlying sales on Tuesday, despite weather-related weakness in non-food categories.

Inflation stands at 2.5% in the 12 weeks to 9 June 2024, 13 percentage points below its position in June 2023, Kantar reported today.

Get the app today!