Overview
- Campbell’s meals and beverages sales rose 6% in the latest quarter, while snack revenues slipped 5%.
- CEO Mick Beekhuizen said consumers are cooking at home at the highest levels since early 2020, favoring ingredients that stretch tighter food budgets.
- NIQ analysts report that 42% of shoppers have cut back on snack purchases and 37% are actively hunting for lower-priced options due to inflationary pressures.
- Federal data show dining-out costs climbed 3.9% in April year-on-year, nearly double the 2% rise in at-home food prices, pressing restaurants like McDonald’s to report sales declines.
- Buy-now-pay-later services have nearly doubled in grocery use, according to LendingTree, with a rising share of consumers falling behind on installment payments.