Global fast food giants may have to dole out steeper promotions to lure inflation-hit customers who are increasingly opting to eat at home, following weak sales from the likes of McDonald's and Starbucks this week. Disposable income in the United States is declining, particularly in the lower-income cohort, while the slow economic recovery in China has increased industry-wide pressures for quick-service chains including KFC owner Yum Brands that has extended across several quarters. Packaged food companies are also feeling the pinch of weak consumer spending, especially from low-income households, as their cookies and baked snacks see a slowdown in sales.
Bittersweet Easter for chocolate lovers and cocoa farmers but big brands see profits naharnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naharnet.com Daily Mail and Mail on Sunday newspapers.
ACCRA, Ghana (AP) — Shoppers may get a bitter surprise in their Easter baskets this year. Chocolate eggs and bunnies are more expensive than ever as changing climate patterns eat
ACCRA, Ghana — Shoppers may get a bitter surprise in their Easter baskets today. Chocolate eggs and bunnies are more expensive than ever as changing climate patterns eat into global