AGP Executive Report
Last update: 10 hours agoRetail & Results: Par Pacific says food now accounts for more than 10% of sales at its convenience stores. Coca-Cola Consolidated reported third-quarter sales growth of 5.4%, while Seneca Foods’ first-half sales rose to $897.8 million, up from $757.5 million a year earlier. Restaurant Strategy: McDonald’s is searching for a stronger low-price offer as traffic remains weak; First Watch plans a modest slowdown in openings to support cash flow. Tim Hortons reported higher comparable sales, and M&S food sales are growing despite rising costs. Supply Chain: Cyberattacks on European supermarkets have disrupted refrigeration and spoiled food, highlighting risks to food supply chains. Trade: The UK and EU are advancing a deal to ease food-export checks, while a U.S. importer is suing over tariffs on Canadian dairy. Affordability: A Salvation Army survey found 31% of Canadians skipped meals or cut portions because of grocery costs, up from 27% last year.
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