Kraft Heinz Sales Dip As Shoppers Make ‘Smaller Trips'

From dollar store shoppers to wealthier club store members, consumers are seeking value.So said Kraft Heinz CEO Carlos Abrams-Rivera, addressing his company’s 7.1% quarterly sales drop during an earnings call Wednesday (Feb. 14). Speaking with analysts, the chief executive said company data shows “that regardless of the income levels, consumers are looking for value and they continue to be under pressure.”“And what we see is low-income consumers are actually shopping more at places like dollar stores, highe ...