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Americans Haven’t Cooked This Much at Home Since 2020: Campbell’s CEO
- Campbell's reported that during its fiscal third quarter ending April 27, the number of meals prepared at home reached a peak not seen since early 2020.
- This increase results from growing economic uncertainty and moderating grocery prices, which have encouraged Americans to eat more at home.
- During the quarter, Campbell's broth sales rose 15%, Rao's pasta sauces increased 2%, while overall snack sales, including Goldfish and Cape Cod chips, fell 4%.
- President and CEO Mick Beekhuizen noted that more people are preparing meals at home and prioritizing purchases that maximize the value of their food budgets.
- Campbell's net sales rose 4%, matching Wall Street expectations, reflecting a consumer shift toward value-oriented meal products over discretionary snacks.
36 Articles
36 Articles
Americans haven't cooked this much at home since 2020: Campbell's CEO
(NewsNation) — More Americans are cooking at home and turning to ingredients that stretch their food budgets, a potential warning sign for the U.S. economy. American soup and snack maker Campbell's recently saw the highest level of meals cooked at home since early 2020, CEO Mick Beekhuizen said on an earnings call this week. "We started to see consumer sentiment softening in January," Beekhuizen said. "This continued throughout Q3, with consumer…
More Americans turn to home cooking as economic concerns weigh
More Americans are cooking at home as growing economic concerns are forcing households to cut back, according to Campbell's CEO Mick Beekhuizen. Beekhuizen told analysts during the company's third-quarter earnings call on Monday that consumer sentiment continued to soften throughout the quarter, with shoppers becoming even more deliberate about how they were spending money on food. "A key outcome is a growing preference for home-cooked meals, le…
Pasadena Star News
Campbell’s Co. says sales rise as more Americans cook meals at home
By DEE-ANN DURBIN The Campbell’s Co. said Monday it saw stronger sales of broth and condensed soup in its latest quarter as more Americans cooked their meals at home. Related Articles Disney fires hundreds in film, TV as industry woes drag on Federal student loan rates soften for 2025-26, making borrowing slightly more affordable China says US moves on computer chips and student visas ‘seriously vi…
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