Amelia lucas cnbc

Amelia Lucas is a reporter at CNBC, specializing in covering restaurants and the food and beverage industry, amelia lucas cnbc. Amelia's articles provide insights into industry trends, business strategies, and the latest developments in the food and beverage sector. Preston is the artificial intelligence that powers the Intelligent Relations PR platform.

Skip Navigation. Investing Club. Amelia Lucas Restaurant Reporter. Yum China CEO says consumers are growing more 'rational' as rising costs cut dining budgets. Amelia Lucas March 1, Starbucks extends past pay hike to union workers as it thaws relationship with Workers United.

Amelia lucas cnbc

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For more than a century, frosted cornflakes have been the backbone of Kellogg's business. That changes Monday, when the company will spin off its stable cereal business in favor of its faster-growing snack unit and rename itself Kellanova. The spinoff comes weeks after another wager that consumers will graze between meals, when J. But food companies' major bets on snacking come as investors fear the looming danger of Big Pharma's blockbuster obesity and diabetes drugs Wegovy and Ozempic. Many investors have high hopes for the pharmaceuticals' future, but their success could mean slower sales for the companies that produce Oreos, Doritos and Hershey's Kisses. Big Food's bet on snacking began roughly a decade ago, and it's only accelerated as the rest of the grocery aisles see sales stagnate, particularly as prices rise. The U. Roughly three-quarters of consumers plan to snack every day, according to Accenture data.

Amelia lucas cnbc

Just ahead of the holiday season, Walmart had encouraging news for inflation-weary shoppers: Prices on food and other staples were falling instead of rising. The retail giant said if the trend continued, it would soon contend with deflation in some of those key household categories, which would be a welcome sight for consumers emerging from the worst price increases in decades. But the retail giant backpedaled this week, saying higher prices on many grocery items and household staples like paper goods have stuck. In recent weeks, corporate leaders have sung a similar tune — at a time when inflation is cooling but prices are still rising faster than the Federal Reserve would like. Home Depot said the prices of home improvement items have "settled" rather than fallen. Coca-Cola and the makers of other popular brands of snacks, sodas and household essentials said their prices are still ticking higher than a year ago. While they're planning for more modest price hikes, shoppers should not expect price cuts, either.

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PepsiCo earnings top estimates, but quarterly revenue slides for the first time in nearly four years. Amelia Lucas is a reporter at CNBC, specializing in covering restaurants and the food and beverage industry. Skip Navigation. Additionally, since Amelia covers topics related to earnings reports and financial developments in the industry, providing expert analysis of these events could capture her attention. McDonald's has upgraded its burgers — but it's unclear if its sales will get the same boost. Telemundo San Antonio Pitching Insights. Amelia Lucas February 7, Amelia Lucas March 1, Get in Touch. Heather Haddon. Email Contact Available in Preston Platform.

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Coca-Cola sales beat estimates, helped by higher prices. Amelia Lucas February 9, AOL, Inc. She heavily relies on data and press releases for her articles, indicating a preference for fact-based information directly from primary sources. Investing Club. Additionally, since Amelia covers topics related to earnings reports and financial developments in the industry, providing expert analysis of these events could capture her attention. Yum Brands disappoints as Middle East conflict weighs on sales growth. Preston is the artificial intelligence that powers the Intelligent Relations PR platform. The company's net sales fell 0. Jonathan Maze. Take a look inside. Beyond Meat launches new, healthier version of burger in bid to bring back customers. But some retailers fear falling prices. Pitching Insights. Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts' expectations as KFC, Taco Bell and Pizza Hut all reported weaker-than-expected sales.