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Kraft Heinz’s $600M Bet Faces Rising Costs | Raleigh News
Kraft Heinz gambled $600 million on its brands after betting inflation was peaking — but new data shows prices are soaring, not falling. A summer cookout now costs over $73, ground beef hits record highs as cattle numbers plunge to a 70-year low, and canned goods climb due to aluminum spikes. Even strawberries are up from Florida frost and rising labor costs. While some items like chips dipped, most are pricier than last year. The company’s CFO claimed inflation peaked in May and projected just 4% commodity inflation — but shrinking herds don’t support that forecast. Their real test comes in…
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