Despite Rising Food Costs, Heinz, Kroger, And Wendy’s Improve Sales
- Friday, March 4, 2011, 0:55
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As markets brace themselves to react to higher food costs due to rising commodity prices, Heinz, Kroger, and Wendy’s/Arby’s posted earnings before the bell on Thursday. While Heinz and Kroger grew sales as consumers bought more condiments, fuel, and food products, Wendy’s/Arby’s saw its revenues fall but its losses narrows as it lowers costs and looks to spin off the Arby’s brand.
http://blogs.forbes.com/afontevecchia/?p=2275
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