Kraft Heinz

Hershey Trims Annual Forecast As Higher Prices Hurt Demand

Hershey trimmed its annual revenue and profit forecast after missing Wall Street estimates for the third-quarter, as price hikes hurt demand.

Packaged food company Kellanova topped Wall Street estimates for Q3 sales on Thursday, driven by resilient demand despite rising prices.

Kraft Heinz tampered its annual forecast for organic sales and profit as repeated price hikes hurt demand for its branded products.

LEAD Network Ireland has announced that Olympian and European Gold Medallist Ciara Mageen will headline its final event of the year.

WK Kellogg plans to completely shut down its Omaha, Nebraska plant by the end of 2026 as part of a reorganisation of the business.

Shares at Kellanova surged 18% in early trading on Monday after a Reuters report said Mars was exploring a potential buyout of the company.

Kellanova raised its annual organic sales and profit forecasts on Thursday as consumers opted for its products despite higher prices.

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

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