Economy

Roland99

(53,345 posts)

45. Price hikes catch up to U.S. food makers

Mon Feb 20, 2012, 01:13 PM

Feb 2012

http://www.marketwatch.com/story/price-hikes-catch-up-to-us-food-makers-2012-02-17

U.S. brand-name food makers raised prices throughout 2011 and it’s starting to catch up to them.

On Friday, General Mills GIS +0.37% blamed “weak volume performance across U.S. retail food categories in December and January” for cutting their fiscal May 2012 outlook to between $2.53 and $2.55 a share from $2.59 to $2.61.

Lately, General Mills and other brand-name food makers have faced softening consumer demand, calling into question exactly how financially strong the U.S. consumer really is despite rising employment numbers.

General Mills didn’t single out any particular brand in its statement, but it means shoppers haven’t been buying enough of its packaged foods.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

75 replies

= new reply since forum marked as read

Highlight:

STOCK MARKET WATCH - Monday, 20 February 2012 [View all] Tansy_Gold Feb 2012 OP

About the "cartoon" Tansy_Gold Feb 2012 #1

What year are we in again? How did I get here? How do I get out?..sigh kickysnana Feb 2012 #2

Questions hamerfan Feb 2012 #3

*eeeeee!!!* TalkingDog Feb 2012 #41

It's the Gay Agenda taking over the Republican Party... rfranklin Feb 2012 #6

It already is Warpy Feb 2012 #58

There's a McCain ad in GD to go with the toon Po_d Mainiac Feb 2012 #8

3 Myths Drive Europe�s Response to Debt Crisis: Harald Uhlig Demeter Feb 2012 #4

I haven't seen such baaad stoopid in a long time. Tansy_Gold Feb 2012 #7

Counterfeit Value Derivatives: Follow the Bouncing Ball Zeus Yiamouyiannis. Demeter Feb 2012 #5

What Lies In Store For The "Cradle That Rocks The World" - A History Lesson In Crisis Demeter Feb 2012 #9

Community Thursday: What�s More Precious than Gold? Demeter Feb 2012 #10

Avoid Social Breakdown. Become Resilient. Demeter Feb 2012 #11

The Little Economy That Could Demeter Feb 2012 #12

What if the lights go out? Demeter Feb 2012 #17

MULTIPLE WORSE CASE SCENARIOS Demeter Feb 2012 #20

When Houston was hit by Hurricane Ike..... AnneD Feb 2012 #54

Yes, that works for short-term Demeter Feb 2012 #61

So true, my friend... AnneD Feb 2012 #67

A Mortgage Tornado Warning, Unheeded Demeter Feb 2012 #13

ART CASHIN: Beware The Ides Of March�Or Maybe A Few Days Later Demeter Feb 2012 #14

An Incredible Photo Tour Of America's Wealthiest Zip Code Demeter Feb 2012 #15

Lloyd Blankfein Seen Lunching In Boca With A Certain Former President Joe Weisenthal, Julie Zeveloff Demeter Feb 2012 #16

Living well and doing God's work. Suck it dry Lloyd, suck it dry. n/t Hotler Feb 2012 #70

well it snowed -- most of it has melted off -- but it's cold enough to freeze xchrom Feb 2012 #18

br-r-r-r-r-r-r-r-r-r-r-r Tansy_Gold Feb 2012 #21

... xchrom Feb 2012 #27

This was the second really hard frost night Demeter Feb 2012 #23

i think they will be ok -- xchrom Feb 2012 #28

Weeks? Try MONTHS Demeter Feb 2012 #31

yeah -- i love 'em. xchrom Feb 2012 #32

So I guess that means they're not going to work in AZ? Tansy_Gold Feb 2012 #33

no. they won't work in AZ. but lily of the valley might xchrom Feb 2012 #35

Oh, I love lily of the valley! Tansy_Gold Feb 2012 #37

my grandma and my mom grew them. xchrom Feb 2012 #38

Love love love Lilly of the Valley bread_and_roses Feb 2012 #39

yeah -- they're lovely. xchrom Feb 2012 #42

Maybe change her name? (LOL & n/t) bread_and_roses Feb 2012 #44

Shred? xchrom Feb 2012 #47

There are pink ones, too Demeter Feb 2012 #51

Bank of Ireland returns to net profit, deposits up xchrom Feb 2012 #19

For Mardi Gras float makers, next year is here xchrom Feb 2012 #22

The four seasons of Louisanna... AnneD Feb 2012 #55

What If We're Beyond Mere Policy Tweaks? Demeter Feb 2012 #24

America Is Just Going Through the Motions (November 19, 2010) Demeter Feb 2012 #25

Icelandic Anger Brings Debt Forgiveness DemReadingDU Feb 2012 #26

Iceland's financial watchdog sacks director Demeter Feb 2012 #62

�There Is Not Enough Work�: Nearly Half of Mexicans Now Officially Poor xchrom Feb 2012 #29

NEWS FLASH! Demeter Feb 2012 #30

good thoughts! xchrom Feb 2012 #34

Vulture Capitalism Gets a Makeover xchrom Feb 2012 #36

84 Percent of San Francisco Foreclosures Fraudulent--Why are Bankers Still Getting Away with Crimes? xchrom Feb 2012 #40

Goldman Sachs ex-programmer freed from prison and another under investigation TalkingDog Feb 2012 #43

Price hikes catch up to U.S. food makers Roland99 Feb 2012 #45

Since the economy has been in a downturn.... AnneD Feb 2012 #63

My wife just nabbed 8 boxes of Kellogg's cereals for less than $10 Roland99 Feb 2012 #71

The only way to go.... AnneD Feb 2012 #73

Markets Insight - Tim Bond: Bull run to be powered by low valuations Demeter Feb 2012 #46

DILBERT ON THE WEB Demeter Feb 2012 #48

Peter Skyllberg, Swedish Man, Survived Two Months In Snow-Covered Car (VIDEO) Demeter Feb 2012 #49

Japan registers record deficit in January xchrom Feb 2012 #50

(oops) How Greece Could Take Down Wall Street by Ellen Brown Demeter Feb 2012 #52

Lab-grown meat is first step to artificial hamburger Demeter Feb 2012 #53

I know how I feel.... AnneD Feb 2012 #64

Thumbs down for me. hamerfan Feb 2012 #65

Germany, Greece Quietly Prepare For "Plan D" Demeter Feb 2012 #56

Company Faces Forgery Charges in Mo. Foreclosures By GRETCHEN MORGENSON Demeter Feb 2012 #57

Detroit squatters may be allowed to keep foreclosed homes Demeter Feb 2012 #59

Cleveland: City mistakenly boards up man's home Demeter Feb 2012 #60

It is worth it only if..... AnneD Feb 2012 #68

(It's Bupkis) Demeter Feb 2012 #69

Thanks.... AnneD Feb 2012 #72

You're welcome, AnneD Demeter Feb 2012 #74

Oh... AnneD Feb 2012 #75

The Kid is Indisposed Today Demeter Feb 2012 #66