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Deli meat sales sliced by organic, artisanal brands
Kraft Heinz shares plummet after dividend cut, reducing value of key brands
Rosecliff Capital founder Mike Murphy, Barron’s Associate Publisher Jack Otter and FBN’s Liz MacDonald on U.S.-China trade negotiations, Federal Reserve policy, Kraft Heinz and the IPO market.
The cold cut counter may have to up its game to make ends meet as more U.S. consumers shun processed foods.
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Fewer shipments of deli meat, bacon and cheese helped drag sales down 5.1% to $6.5 billion at the end of last year for Oscar Mayer parent Kraft Heinz. Waning consumer interest in for foods such as ketchup, boxed macaroni-and-cheese and frozen dinners may be among the culprits resulting in less distribution in grocery stores.