Kraft-Heinz pulls key Lunchables meals from U.S. free- and low-cost school lunch program

By Jessica DiNapoli

NEW YORK (Reuters) - Kraft Heinz (NASDAQ:KHC ) is no longer making its packaged lunch brand Lunchables for low-income students receiving free and reduced-priced meals from a federal program, according to a company statement, the latest blow to one of the company's most iconic products.



Chicago-based Kraft Heinz announced plans to sell to the school lunch program early last year at an industry conference, saying it would target the $25 billion educational market.

But demand fell short of the packaged food manufacturer's expectations, the company said, as it looks to revive its well-worn brands like Lunchables, Jell-O and Crystal Light, and grow sales volumes, which have faltered after multiple price hikes.

Source: Investing.com

Последние публикации
Google's DoJ case has negative read across for Apple, Barclays says
26.11.2024 - 19:00
India's stock market has signs of froth, but no full-blown bubble
26.11.2024 - 19:00
Analysis-How Trump's Mexico tariffs could hurt Europe's auto industry
26.11.2024 - 19:00
Denmark stocks higher at close of trade; OMX Copenhagen 20 up 0.64%
26.11.2024 - 19:00
Constellation Brands stock drops on Trump tariff plan
26.11.2024 - 19:00
Poland stocks lower at close of trade; WIG30 down 0.14%
26.11.2024 - 19:00
WhatsApp takes EU privacy board battle to top European court
26.11.2024 - 19:00
Finland stocks lower at close of trade; OMX Helsinki 25 down 1.30%
26.11.2024 - 19:00
Germany stocks mixed at close of trade; DAX down 0.52%
26.11.2024 - 19:00
France stocks lower at close of trade; CAC 40 down 0.87%
26.11.2024 - 19:00
Belgium stocks lower at close of trade; BEL 20 down 1.44%
26.11.2024 - 19:00
FedEx could unlock $10-20bln in shareholder value from potential freight spin-off
26.11.2024 - 19:00
Portugal stocks lower at close of trade; PSI down 0.36%
26.11.2024 - 19:00
Sweden stocks lower at close of trade; OMX Stockholm 30 down 0.66%
26.11.2024 - 19:00
Royal Caribbean vs. Carnival: Which cruise stock to own? Bernstein answers
26.11.2024 - 19:00

© Analytic DC. All Rights Reserved.

new
Анализ рынка Как повлият завтра отчет NFP на курс доллара США?