Amelia lucas cnbc

Amelia Lucas is a reporter at CNBC, specializing in covering restaurants and the food and beverage industry. Amelia's articles provide insights into industry trends, amelia lucas cnbc, 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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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. The latest government data backs that up: while the rate of price increase is dipping year over year, the latest inflation metric came in hotter than expected.

Amelia lucas cnbc

Kellogg is planning to separate into three independent public companies, sectioning off its iconic brands into distinct snacking, cereal and plant-based businesses. Kellogg, along with rivals like Frito-Lay-owner PepsiCo and Oreo-cookie owner Mondelez , have leaned into the trend by introducing more snacks and snapping up smaller brands. Cereal sales, by contrast, have stagnated in the U. Brands including Special K, Froot Loops and Rice Krispies had for decades been a foundation of Kellogg, but are no longer seen as key growth drivers for the company. The pandemic briefly revived the cereal category as more consumers ate breakfast at home, but Kellogg expects flat revenue growth for its North American cereal business in the future. Kellogg has been weighing spinoffs as a potential strategy since , executives told investors on a conference call discussing the announcement on Tuesday. The remaining business includes its snacks, noodles, international cereal and North American frozen breakfast brands. Cahillane will stay on as chief executive of the global snacking company. The snack-focused company will also be looking to add to its portfolio through acquisitions, according to Cahillane.

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Telemundo San Antonio. The company's net sales fell 0. Coverage Attributes: Beta. While economists and investors fret over China's low consumer confidence and sluggish growth, Yum China CEO Joey Wat says the Chinese consumer is growing more rational — and has been for years. Beauty brand says sales fell in China due to anti-Japan sentiment. Starbucks has a new accessible store design. Brooke DiPalma. Amelia Lucas Melissa Repko February 25, Take a look inside. Tonya Garcia. Restaurant Brands earnings beat estimates, fueled by strong Tim Hortons sales. Heather Haddon.

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AOL, Inc. Daniela Sirtori-Cortina. Amelia Lucas February 16, Heather Haddon. This information evolves through machine learning and human feedback. Coverage Attributes: Beta. Jonathan Maze. Restaurant Brands earnings beat estimates, fueled by strong Tim Hortons sales. Email Contact Available in Preston Platform. But some retailers fear falling prices. Aneurin Canham-Clyne. Take a look inside. Twitter feed.