1754 ET - Mondelez CEO Dirk Van de Put says that sharply lower consumer confidence in the U.S. is taking a toll on snack sales. Van de Put says that inflation fears and slowing incomes are pressuring purchases, with consumers searching for value and prioritizing more essentials. He says lower-income consumers are shifting to smaller pack sizes, while those with higher incomes are moving to larger packs. Demand for biscuits is particularly soft, Van de Put says, though they are faring better than some other snacks. "I have to say that I really do not expect to see a significant improvement in consumer confidence in the near term in the U.S.," Van de Put says. (jesse.newman@wsj.com)
(END) Dow Jones Newswires
April 29, 2025 17:54 ET (21:54 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。