4 Food Stocks Hogging in the Limelight on Favorable Industry Patterns - Yahoo Finance

Players in the Zacks Food-Miscellaneous industry have been experiencing gains from their consistent focus on product innovation and portfolio refinement to cater to consumers’ altering tastes and preferences. Although moderating, the overall inflationary landscape has spiked up input costs for manufacturers and also weighed on consumers’ purchasing power, thereby affecting companies’ sales volumes.That being said, robust pricing initiatives have been helping food companies in countering cost headwinds. This, along with brand-enhancement strategies, has been working well for Mondelez International, Inc. MDLZ, The Kraft Heinz Company KHC, Sysco Corporation SYY and Ingredion Incorporated INGR.

Yahoo     Jan 04, 2024