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Declining Demand

All articles tagged with #declining demand

business1 year ago

Kraft Heinz Faces Sales Decline Amid Consumer Pushback

Kraft Heinz forecasts slower annual sales growth due to tepid demand for its sauces and meat cold cuts, leading to a steeper-than-expected drop in quarterly sales. The company has been facing weakening sales, attributed to a volume decline in its North America meat business and a shift in consumer preference to cheaper private-label brands. Despite the challenging industry, the company expects volumes to turn positive in the second half of the year and forecasts organic net sales growth between flat to 2% in fiscal 2024.

via Yahoo Finance|
#business#declining-demand#earnings-report
business2 years ago

Etsy's Workforce Reduction Sends Stock Plummeting

Etsy Inc. shares plunged after the e-commerce platform announced it would cut 11% of its workforce, or 225 employees, in an effort to reduce costs due to weakening demand for handcrafted goods. The company will incur financial charges of $25-30 million for severance payments and related costs. Etsy's stock, down 32% year-to-date, experienced its biggest daily percentage decline since August. The company had previously warned of a potential decline in gross merchandise sales for the fourth quarter.

via Reuters|
#business#cost-cutting#declining-demand
business2 years ago

Pfizer and Moderna Face Unexpected Challenges Amid Covid Vaccine Success

Pfizer and Moderna, the pharmaceutical companies that experienced a windfall from the Covid-19 vaccine, are now facing declining demand and falling revenue. Pfizer's total revenue has dropped over 40% since last year, leading to layoffs and a decrease in stock value. Moderna has lost over $100 billion in market value and is also experiencing falling revenue. However, this decline in demand is seen as a positive development, as it will redirect pharmaceutical investment and research towards other areas. The article highlights the potential of gene therapies, personalized cancer vaccines, and obesity medications as promising areas for future pharmaceutical advancements.

via Mint|
#business#covid-vaccines#declining-demand
business2 years ago

Lithium Market Faces Double Whammy: Supply Storm and Weakening Demand

Albemarle, SQM, and Livent, three major lithium miners, experienced significant losses in Monday's trading as concerns over declining near-term demand and oversupply continue to put pressure on lithium prices. Factors contributing to the drop include downside guidance from ON Semiconductor, a cut in sales forecast by battery maker Panasonic, and a downgrade of Chinese lithium miner Tianqi Lithium. Analysts predict a period of earnings and margin pressure in the lithium market, with a potential destock downstream to clear inventory overhang.

via Seeking Alpha|
#albemarle#business#declining-demand
business2 years ago

"Pfizer Stock Plummets Despite High-Profile Marketing and COVID Booster Release"

Pfizer's stock has plummeted to a five-year low, losing $175 billion in market cap since its peak in December 2021. The decline is attributed to declining demand for their new COVID-19 shots, as the vaccine is no longer mandated by politicians or employers. Despite a marketing campaign featuring NFL star Travis Kelce, public interest in the vaccine has waned due to previous failed efficacy claims and skepticism. Only 2% of Americans received this year's COVID vaccine, which is no longer being distributed by the U.S. government. The future looks challenging for Pfizer as COVID becomes less of an issue and trust in the company diminishes.

via Outkick|
#business#covid-19-vaccine#declining-demand