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Search resuls for: "Barclays Global Consumer Staples"


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Stouffer's takes on Kraft with new boxed mac and cheese
  + stars: | 2024-09-16 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +2 min
Stouffer's is exiting the freezer aisle and taking on Kraft Heinz with its new shelf-stable mac and cheese. The average American consumer eats mac and cheese 22 times a year, trailing only pizza in its frequency, according to Moe. Out of those 22 occasions, the mac and cheese comes from a box about 70% of the time. To start, under the name Stouffer's Supreme, the brand will offer two variations on boxed mac and cheese: a classic cheddar and a three-cheese version made with cheddar, gouda and parmesan. Moe said the cheddar is a "sibling, not identical twin" of its frozen mac and cheese, while the three-cheese option is a "cousin."
Persons: Kraft Heinz, Stouffer's, Tom Moe, Moe, Andre Maciel, Kraft's, Nestle, that's Organizations: Kraft, Nestle, Nestle Meals Division, Barclays Global Consumer Staples Locations: cheddar, gouda
For us, that's P & G because their products hold a higher priority when it comes to how consumers spend their money. Now, containerboard — P & G products ship in boxes after all — is seeing a large glut. Just last week at the Barclays Global Consumer Staples Conference, P & G management said they see some "good news on commodity input costs, sequentially. Management also noted that as of now, they are still seeing no real signs of trade-down in P & G products to cheaper alternatives. The price in the store will be more sticky than the price P & G pays for logistics or the prices they are able to negotiate with suppliers.
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