From Wall Street Journal:



Packaged food companies in the U.S. have underperformed in the stock market this year, with notable declines from companies such as Campbell Soup, J.M. Smucker, General Mills, Conagra Brands, and Kraft Heinz. Despite the S&P 500 gaining 24% so far, these companies have declined between 11% and 26%.

The causes for the underperformance are varied, but next year may bring some relief as the comparison might look better. It’s clear that 2023 has been a rough year for packaged food companies in the stock market, with many of them experiencing significant declines. However, there is hope that the situation may improve in the coming year.

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Read more: How Food Stocks Spoiled in 2023