Packaged food companies will begin lapping price increases implemented over the past year. Most packaged food manufacturers have implemented multiple waves of price increases over the past year and a half, with some manufacturers currently in the process of implementing a fourth or fifth wave. This latest pricing wave, which we believe is probably the final major wave, is still smaller and more targeted than previous price increases.
Packaged Foods: 2023 Brings Tough Revenue Comps, but with Margin Recovery
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