business / news / / Firstpost
Corporate America is sending increasingly mixed signals about the health of the US consumer economy.
Kraft Heinz is cutting prices, adding smaller packages, and boosting promotions to retain cost-sensitive shoppers.
KEY POINTS
- Whirlpool suspended its dividend and cut earnings outlook, citing 'recession-level' demand declines and surging fuel costs.
- Lufthansa expects €1.7 billion in extra jet fuel costs from Iran-related disruption, prompting 20,000 summer flight cuts.
- McDonald’s increased value offerings and $3-or-less menu items to offset falling consumer sentiment and fuel inflation.
- Uber and Disney report robust consumer demand, indicating some sectors are largely unaffected by recent energy shocks.
COMPANIES
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