Shares of food stocks are trading lower after August's CPI report showed a slowing in the rise of food at home costs.
Portfolio Pulse from Benzinga Newsdesk
Food stocks are experiencing a decline in share prices following the August CPI report, which indicated a slowdown in the increase of food at home costs.
September 11, 2024 | 7:39 pm
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NEGATIVE IMPACT
BOF shares are trading lower due to the CPI report showing a slowdown in food at home cost increases, which may impact revenue growth.
The CPI report indicates a slower rise in food costs, which could lead to reduced revenue growth for BOF, affecting its stock price negatively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
CAG's stock is affected by the CPI report, which shows a deceleration in food at home cost increases, potentially impacting its financial performance.
A slowdown in food cost increases as per the CPI report could negatively impact CAG's revenue, leading to a decline in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
CPB shares decline as the CPI report reveals a slowdown in food at home cost increases, which may affect its revenue outlook.
The CPI report's indication of slower food cost increases could lead to a negative impact on CPB's revenue, affecting its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EAST's stock is trading lower following the CPI report, which shows a deceleration in food at home cost increases, potentially impacting its revenue.
The CPI report suggests a slower rise in food costs, which could negatively affect EAST's revenue and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
SENEB shares are down as the CPI report indicates a slowdown in food at home cost increases, which may impact its revenue growth.
A slowdown in food cost increases as per the CPI report could lead to reduced revenue growth for SENEB, affecting its stock price negatively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80