# US Grocery Sales Slowdown Hits Food Companies Hard

- Topic: business
- Source: CNBC
- Published: 2026-07-16
- Original: https://www.cnbc.com/2026/07/16/us-grocery-spending-slows-in-hit-to-food-companies.html
- Language: en
- Image: https://image.cnbcfm.com/api/v1/image/108334308-1783972878483-gettyimages-2285918159-anotherday239785975_d8derouq.jpeg?v=1783972935&w=1920&h=1080

The US grocery slowdown has intensified, with shoppers buying fewer items and driving down sales. Despite rising food prices, the industry is now facing a decline in overall sales. Food companies are responding by emphasizing promotions and price cuts to attract price-conscious consumers.

## Key takeaways

- Grocery unit sales fell 1.8% in June compared to last year, a sharp reversal from the previous year's growth.
- Food prices have increased by 33% since 2019, leading consumers to cut back on spending and switch to cheaper brands.
- Food manufacturers, including PepsiCo, are feeling the impact of the slowdown, with North American demand weakening and revenue falling.

> Summary by Daily Read Bytes. Read the original at https://www.cnbc.com/2026/07/16/us-grocery-spending-slows-in-hit-to-food-companies.html