Retailers, consumers and prices
KFC introduced its long-awaited grilled chicken on Tuesday and will give away free tastes on April 27.
The fast-food chicken chain hopes the healthier poultry items will boost flagging sales at its U.S. restaurants.
The grilled chicken has between 70 to 180 calories and 4 to 9 grams of fat depending on the piece. That compares with skin-on fried chicken products, which have 110 to 490 calories and 7 to 31 grams of fat depending on the piece.
Pilgrim’s Pride became the latest consumer-related company to cut jobs when it said on Friday that it plans to idle three U.S. plants because of an oversupply of chicken and weak consumer demand. The plants, in Georgia, Louisiana and Arkansas, employ about 3,000 people, or about 7 percent of the company’s U.S. workers.
The chicken producer, which is fighting to emerge from Chapter 11 bankruptcy protection, said the closings were needed to reduce production of low-value meat that is draining its finances.
Under Armour, which uses technical fabrics and materials to wick sweat away from athlete’s bodies, reported a smaller drop in net profit than analysts had expected and raised its outlook for income from operations for the year.
In other “no-sweat” news, Italy’s Geox, whose shoes are made with breathable soles, reported a 13 percent rise in first half net profit, sending its shares higher. The company is projecting 20 percent annual sales growth over the next three years, helped by new stores.
Results from the shoe and apparel makers joined several other consumer companies whose results beat Wall Street expectations, from Pilgrim’s Pride to Jarden and Masco.