Major packaged-goods firms, retailers and food makers are seeing substantial increases in overseas revenue that are outpacing slowing domestic sales.
Notícias
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Improved guidance did not resolve investor concern about declining volume, rising investment and persistent inflation.
Bernstein downgraded the stocks, citing headwinds from surging oil prices, the GLP-1 trend, and rising inflation.
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The complaint against Kraft Heinz, PepsiCo and other companies aims to connect packaged foods and consumer health issues after a judge tossed a similar lawsuit last fall.