Consumer companies rose despite mixed earnings, amid hopes for the reopening of the Strait of Hormuz.
Kraft Heinz fell despite raising sales outlook, as market rejected price increases to offset supply-chain costs. Warning for IT: vendor pricing power is capped; cloud/SaaS cost hikes face strong adoption resistance as manager sentiment tightens.
Consumer companies rose despite mixed earnings, amid hopes for the reopening of the Strait of Hormuz.
Kraft Heinz shares fell even after the food processor boosted its sales outlook as it warned it was raising prices to offset supply costs.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
August 05, 2026 18:45 ET (22:45 GMT)
Consumer companies rose as oil futures remained well below recent peaks.
Consumer companies rose as oil prices tumbled, alleviating fears about discretionary spending.
Consumer companies rallied as inflation, interest-rate and fuel worries eased.
Consumer stocks were mixed as investors put money into discretionary categories, while they rotated out of some staples.
Stocks in the consumer sectors were mostly lower as the full reopening of Hormuz remains elusive. The Conference Board consumer…
Consumer companies rose as oil prices plunged due to optimism about peace with Iran.
