It’s a tough time to be a packaged food company. Yesterday, General Mills reported disappointing earnings. Conagra — maker of Chef Boyardee and Reddi-wip — reports tomorrow. On one side, American shoppers are increasingly skeptical of processed food. That means once-iconic products aren’t selling as well as they used to. On another, Wall Street keeps pressing for higher profits and cost-cutting, which makes it harder to invest in developing new products.
Click the audio player above for the full story.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.