SJ SJM J.M. Smucker Company (The) Загрузка... : Бычьи и медвежьи мнения аналитиков

The U.S. consumer is in a 'K-shaped' recession for snacking: the average shopping basket hasn't grown in 2-3 years, and consumers are prioritizing 'basics' (milk, meat, bread) over discretionary snacks, with U.S. biscuit category volumes down -4% in the last three months. — The demand environment within snacking is diverging: staples (SJM) are pulling share of wallet, while discretionary categories like biscuits are in volume decline; expect continued promotional intensity in the category.