Saturday, February 8, 2014

Heard On The Street

Simplicity and comfort foods are on the growth.
Profits in the last quarter at Hershey Co. are up.
Kraft Foods Inc. reported double-digit growth in macaroni and cheese dinners- the consummate comfort food.
Even love seems to be prospering, condom sales rose 5 percent as Match.com reported its biggest performance in the last seven years.
The economic woes are even rough on the tummy as they also hit the wallet. Resources Inc reports that sales of laxative rose 11.5 percent.
The strange news is that the #499 company on this years Fortune 500 is Dollar Tree Inc. And yes, you are still shopping at Wal-Mart.
As people trade down, more are eating dinners at the kitchen table instead of restaurants.
People used to eating out, can find comfort in buying high end steaks at the supermarket and grilling them at home.
Folks are still drinking as heavily, we are just buying less expensive brands of wine and beer.
Finally, the number of vegetable gardens has jumped. Thanks Michelle Obama



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