Hormel Foods trimmed its sales outlook for the full-year after missing third-quarter expectations amid increased competitive pressure that pushed it to cut prices and increase promotions and advertising at retail.
Kraft Heinz has ended 2020 on a high note reporting a 6.2% increase in organic net sales and a 27% lift in household penetration in Q4, driven by significant gains in Ketchup, Lunchables, and Ore-Ida.