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Story summary
- U.S. grocery sales contracted as unit purchases fell 1.8% in June 2026 versus June 2025.
- Bain’s May consumer survey found 80% of Americans trying to spend less and 28% cutting grocery purchases.
- PepsiCo posted a 2% Q2 drop in North American food revenue, citing higher gas prices and promotions.
- Walmart and Kroger answered with price cuts and value promotions, including Walmart’s discounts on beef and ice cream.
