Amelia lucas cnbc

Amelia Lucas is a reporter at CNBC, specializing in covering restaurants and the food and beverage industry.

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 February 27,

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. The consumer price index, a broad measure used to track what shoppers pay for goods and services across the economy, rose 3.

Amelia lucas cnbc

For more than a century, frosted cornflakes have been the backbone of Kellogg's business. That changes Monday, when the company will spin off its stable cereal business in favor of its faster-growing snack unit and rename itself Kellanova. The spinoff comes weeks after another wager that consumers will graze between meals, when J. But food companies' major bets on snacking come as investors fear the looming danger of Big Pharma's blockbuster obesity and diabetes drugs Wegovy and Ozempic. Many investors have high hopes for the pharmaceuticals' future, but their success could mean slower sales for the companies that produce Oreos, Doritos and Hershey's Kisses. Big Food's bet on snacking began roughly a decade ago, and it's only accelerated as the rest of the grocery aisles see sales stagnate, particularly as prices rise. The U. Roughly three-quarters of consumers plan to snack every day, according to Accenture data.

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Amelia Lucas February 16, 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. Tonya Garcia. Sarah Whitten Sara Salinas February 11, Load More. This information evolves through machine learning and human feedback. Themes Covered:. Brooke DiPalma. Twitter feed. Telemundo San Antonio Beyond Meat is launching a new version of its plant-based burger in grocery stores this spring, betting that an even healthier version of its burgers will lure back consumers. Cava stock pops after blunder leads to early earnings release. The company's net sales fell 0.

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Coverage Attributes: Beta. Beyond Meat is launching a new version of its plant-based burger in grocery stores this spring, betting that an even healthier version of its burgers will lure back consumers. Amelia's coverage primarily focuses on the food and beverage industry, particularly fast food and restaurant companies. Starbucks is about to report earnings. Here's what to expect. Take a look inside. Investing Club. PepsiCo reported quarterly earnings that topped Wall Street's expectations, but its revenue missed estimates. Starbucks has a new accessible store design. Daniela Sirtori-Cortina. Starbucks extends past pay hike to union workers as it thaws relationship with Workers United. Restaurant Business , mergersacquisitions.