KHC - 5%-Yielding Kraft Heinz: Deep Value At A Budget Price
2024-07-09 11:19:19 ET
Summary
- The average American now needs to work a full hour to afford a six-pack of beer and a burger, up from 51 minutes in 2019.
- Food inflation is a major issue, with costs rising by 25% since 2019, impacting consumer spending and company margins.
- Kraft Heinz faces headwinds from market volatility, inflation, and softening markets, but is focusing on innovation and higher-margin products to drive value.
Introduction
A full hour.
That's how long the average American has to work to afford a six-pack of beer and a burger. That's up from 51 minutes in 2019.
Rabobank
These numbers come from the Dutch Rabobank, which publishes the BBQ Index.
On June 26, it revealed its most recent findings , which show that hosting a 10-person barbeque on the Fourth of July costs $99, the highest number ever. Beer, beef, soda, and lettuce make up 64% of these costs. ...
5%-Yielding Kraft Heinz: Deep Value At A Budget Price