Kraft Heinz lowered its annual sales and profit forecasts on Wednesday, signaling persistent weakness in demand for its pricier snacks and pantry condiments from budget-conscious consumers amid macroe... ...

Core Insights - Mondelez International has forecasted a steeper decline in annual profit due to reduced consumer spending on its premium chocolates and snacks in North America [1] - The company is facing increased costs for key ingredients, which is impacting its profitability [1] Company Summary - Mondelez International is experiencing a downturn in sales as consumers are cutting back on purchases of its higher-priced products [1] - The forecast indicates a significant challenge for the company in maintaining profit margins amid rising costs [1] Industry Summary - The snack and confectionery industry is witnessing shifts in consumer behavior, particularly in North America, where price sensitivity is increasing [1] - Higher ingredient costs are a common challenge across the industry, affecting profitability for major players like Mondelez [1]

British online fashion retailer ASOS warned on Tuesday that its annual revenue would miss market expectations against the backdrop of weak consumer demand and that profit would come in at the lower en... ...

British retailers reported a 12th straight month of falling sales in September and they expect another decline in October as weaker consumer demand and concerns about the government's next budget weigh, a survey showed on Thursday. ...