GIS — Big Food faces shrinking profits amid pressure from GLP-1s, private labels, costs

Major U.S. food companies, including General Mills and Kraft Heinz, are struggling with declining profits as they face multiple headwinds. The rise of GLP-1 weight-loss drugs, a consumer shift to healthier options, and increased competition from private-label brands are eroding sales. Compounding these issues are rising input costs from the Iran conflict and slowing population growth, leading to the sector's shares trading at their widest discount to the broader market in over two decades.