Kraft Heinz Reports First Quarter 2022 Results

The Kraft Heinz Company today reported financial results for the first quarter of 2022 that reflected strong price realization, resilient retail demand, and foodservice growth.

"Our first quarter was a strong start to the year and yet another period where our team rose to mitigate new and different macro environment challenges," said Kraft Heinz CEO Miguel Patricio. "We continue to build critical capabilities, greater corporate agility, and additional financial flexibility to address short-term turmoil while building our long-term advantage. We still have work to do, more opportunity ahead, and we remain..."

Consumers Pull Back on Purchasing as Retail Prices Remain Elevated, Reports NPD

U.S. consumers have started to pull back on discretionary general merchandise purchases, but average selling prices continue at the pandemic’s elevated levels. Unit sales declined in excess of 8% for six consecutive weeks following the holiday shopping season, when compared to a year ago, according to The NPD Group. Despite higher prices, these unit declines kept retail sales revenue performance marginal, at best. The one exception so far in 2022 has been the pre-Super Bowl and Valentine’s Day week, ending February 12, which saw a...

WhatsGood To Bring Local Food To Customers Year-Round with New Retail Store in Lincoln Park

WhatsGood, an innovative technology provider for online orders at local farmers markets, is opening the first in a series of Chicago-based Farm Shops in Lincoln Park on December 7th, 2021. WhatsGood's Farm Shop is a small footprint grocery store with an array of locally curated products that will provide Chicagoans with in-store shopping and on-demand delivery. WhatsGood's team can deliver everything you'd expect at the farmers market in about an hour.

"WhatsGood's Farm Shop draws inspiration from the intimate relationship between..."

PODCAST: UK Beef Chats Episode 41

On this week’s episode, UK beef market expert Mike Nesbitt discusses holiday demand for beef not meeting expectation, COVID fears affecting foodservice and retail, and more.

PODCAST: UK Beef Chats Episode 40

This week on UK Beef Chats, Mike Nesbitt gives us a rundown of trade, foodservice demand starting to drop off with the holiday season, retail driving the market with firm demand, availability issues affecting price movement.

PODCAST: UK Beef Chats Episode 38

This week on UK Beef Chats, market expert Mike Nesbitt updates us on how strong retail demand and foodservice recovery are keeping beef prices elevated, how the end of the furlough scheme will impact the labor market, and more!

Walmart to Hire 150,000 Associates to Serve Customers for Holidays (and Beyond)

As the most wonderful time of the year approaches, we’re planning to hire approximately 150,000 new U.S. store associates, most of them permanent, full-time positions across the country. This will ensure we’re ready to help customers shop however they want, whether they’re in a store, using curbside pickup or shopping online.

We’re always looking to add great talent to our incredible team of dedicated associates – the every day heroes who have been a constant force for good in their communities amidst the uncertainty of...

ANALYSIS: USDA Weekly Eggs Processed Numbers Climb, Driven by Manufacturing Needs

Shell Eggs Processed Under Federal Inspection came in at 1,554,781 cases for the week ending August 21st, according to data released yesterday afternoon by the USDA—an increase of...

July Retail Sales Slow Amid Tight Supply Chain but Demand Continues

Retail sales slowed during July as retailers continued to face supply chain disruptions and increased COVID-19 vaccinations allowed consumers to shift some spending from goods to activities like going out to dinner and traveling despite the delta variant, the National Retail Federation said today.

“July retail sales showed slight deceleration in spending, but nothing to derail our outlook for a record year,” NRF President and CEO Matthew Shay said. “Though the delta variant is presenting health challenges while supply chain disruptions along with unfilled job openings are presenting..."

PODCAST: UK Beef Chats Episode 23

This week on UK Beef Chats, market expert Mike Nesbitt updates us on supply chain pressure on the UK market and availability for product, retail and summer barbeque demand, sporting events supporting meat sales and more.

ANALYSIS: Production Cuts, Demand Improvements Lift Shell Egg Values for First Time Since March

After what several market sources have referred to as the longest “dry spell” in recent memory, production cuts and demand improvements have...

May Retail Sales Reach Near-Record Level Despite Monthly Decline

Retail sales remained at elevated levels in May despite month-to-month fluctuations that masked near-record performance, the National Retail Federation said.

“While May retail sales were down slightly, largely due to supply chain constraints, the more accurate indicator remains in the year-over-year data which, as the NRF calculates, showed growth of over 17 percent,” NRF President and CEO Matthew Shay said. “For the first five months of this year, retail sales are already tracking 17.6 percent above the same five months of 2020, giving us further confidence in our newly revised sales forecast of growth between 10.5 percent and 13.5 percent to more than $4.44 trillion for 2021. While there are downside risks related to...

ANALYSIS: Cage-Free Inventories Mount as Proposition 12 Deadline Draws Closer

While cage-free inventories have been steadily climbing over the past several years as producers prepare for the forthcoming deadlines, USDA data shows they’ve begun to increase at a faster pace in recent weeks, surging...