Quartz·1 min read·easy
Americans are buying fewer groceries, and food companies are starting to feel the squeeze
✦AI Summary
Grocery unit sales in the US declined by 1.8% in June as consumers reduced spending. Major food companies like PepsiCo are reporting revenue drops as a result of this shift in consumer behavior.
Grocery unit sales fell 1.8% in June, and PepsiCo reported a drop in North America food revenue as shoppers cut back
economyfoodbusiness
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