Report: Coronavirus Outbreak Boosts Shelf-Stable, Frozen Sales

Analysts at Bernstein believe that the coronavirus outbreak will boost consumption of shelf-stable and frozen packaged foods in the near term, reports Food Navigator. This will likely benefit companies like Campbell Soup, Conagra Brands, General Mills, Mondelez International, JM Smucker, Kraft, and Kellogg.

“However, we expect such growth to be temporary in nature and do not expect any material impact on U.S. food companies’ sales on a full-year basis at this stage,” the firm said. “Meanwhile, food companies with significant exposures to the foodservice/QSR channel could face near-term headwinds in the event of a large-scale outbreak in the U.S.”

Related: Campbell Soup Ramps Up Soup Production; Consumers, Retailers Prepare for Coronavirus.

from Industry Operations https://ift.tt/33aOUyr