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Started By
Message
Campbell's, Dollar General announce "pricing action" in response to tariffs
Posted on 9/5/25 at 9:22 am
Posted on 9/5/25 at 9:22 am
DG
Campbells
But don't worry, it's " pricing action " not an increase!
quote:
"Tariffs have begun to result in some price increases," CEO Todd Vasos said in a call with analysts on Thursday, following the release of the Dollar General's second-quarter results.
When approached for comment, Dollar General directed Newsweek back to the earnings call, in which Vasos said that the company will work to "minimize" these as much as possible
Campbells
quote:
Tariffs are going to be a significant headwind for The Campbell’s Company as it forecasts a protracted decline in base earnings for the new fiscal year.
Issuing results for the 2025 financial year to 3 August, Campbell’s president and CEO Mick Beekhuizen said pricing to offset the tariffs will be inevitable, albeit “surgical” in 2026.
quote:
Beekhuizen said Campbell’s has no choice but to source steel and aluminium from overseas, what he described as “food grade tinplate” for its canned products.
“There is not enough capacity available in the United States or supply available in the United States. If it was available, we would buy it locally,” he said
“We're not able to do that. So, as a result, we have no choice but to import that key raw material for our product. There is, obviously, coming back to tariffs, there is a 50% tariff on that.”
But don't worry, it's " pricing action " not an increase!
quote:
But just as your parents directly spelled out C-O-O-K-I-ES, companies aren’t hiding the fact that they’re raising prices because of tariffs—some are just using similarly inventive language.
Take Hormel Foods, which makes Spam and Planters nuts. In the company’s latest earnings call, CFO Jacinth Smiley said “markets worsened significantly beyond our projections,” explaining that the cost of wholesale pork has climbed 10% compared to last year, while the cost of pork bellies used for bacon jumped 30%. As a result, interim CEO Jeff Ettinger noted that in order to address this intense commodity inflation, the company would be “taking targeted pricing actions.”
45
Posted on 9/5/25 at 9:24 am to Ingeniero
quote:
Dollar General
About to have a name change: Five Dollar General.
Posted on 9/5/25 at 9:24 am to Ingeniero
'We just make sacrifices for the common good, comrade."
Posted on 9/5/25 at 9:25 am to Ingeniero
Home Depot said a week or two ago they were probably going to have price increases, too.
Posted on 9/5/25 at 9:25 am to Ingeniero
quote:I voted for this
pricing to offset the tariffs will be inevitable
Posted on 9/5/25 at 9:25 am to Ingeniero
Posted on 9/5/25 at 9:27 am to Ingeniero
will companies raise prices beyond covering for the tariff tax...
like they did with inflation?
like they did with inflation?
Posted on 9/5/25 at 9:28 am to RelicBatches86
quote:
will companies raise prices beyond covering for the tariff tax..
Domestics will, for sure even with no tariff liability. If not, they're leaving money on the table.
Posted on 9/5/25 at 9:28 am to Ingeniero
quote:
Beekhuizen said Campbell’s has no choice but to source steel and aluminium from overseas, what he described as “food grade tinplate” for its canned products.
“There is not enough capacity available in the United States or supply available in the United States. If it was available, we would buy it locally,” he said
This is kind of builshit. There was capacity, but they decided to buy it from overseas to save money but still be able to charge customers the same price, It drove companies to scale production lower or close. Their action of buying almost exclusively from overseas has gotten them to where we are now.
Posted on 9/5/25 at 9:29 am to Ingeniero
I need SDV in here telling us that no one buys canned soup and that they can grow their own veggies, raise their own chickens and make their own soup stock so what’s the big deal.
Posted on 9/5/25 at 9:31 am to BigBinBR
quote:but but but
This is kind of builshit. There was capacity, but
Now there isn't capacity. This is 2025, not 1975. Modern problems require modern solutions. Tariffs ain't modern.
Posted on 9/5/25 at 9:31 am to Ingeniero
Campbell's microwavable soups aren't in tin cans so why not use those containers for all soups. Some soups come in bags.
Posted on 9/5/25 at 9:31 am to Ingeniero
quote:
Beekhuizen said Campbell’s has no choice but to source steel and aluminium from overseas, what he described as “food grade tinplate” for its canned products.
Sounds to me Campbell's might be well served to develop its own capacity
Posted on 9/5/25 at 9:32 am to Ingeniero
We import around 5% of the pork consumed in the U.S. - maybe slightly more, say 5.5%. A wholesale tariff on pork imports wouldn't have that much of an impact for the end consumer. Certainly nothing like a 10%-30% wholesale price increase.
When an author makes such an argument to tie the increase to (or at least solely due) tariffs then it makes his whole point seem weak.
When an author makes such an argument to tie the increase to (or at least solely due) tariffs then it makes his whole point seem weak.
Posted on 9/5/25 at 9:33 am to Adajax
quote:Because those containers cost more than the cans and still do despite inflation. Supply and demand.
Campbell's microwavable soups aren't in tin cans so why not use those containers for all soups.
Posted on 9/5/25 at 9:34 am to udtiger
quote:Totally. They should get into the alumina and ferrite mining business, in the US, then build their own smelting plants, foundaries, cold roll plants, so they make can feed stocks at 10x the cost of importing it. Great idea!
Sounds to me Campbell's might be well served to develop its own capacity
Posted on 9/5/25 at 9:35 am to Ingeniero
Perhaps Campbell should build a can plant next to their soup factory in Paris Texas ?
Oh,wait ,they have one.
Perhaps they can build a steel mill next to their can factory that is next to their soup factory in Paris Texas ?
Sort of similar to what Henry Ford did.
Oh,wait ,they have one.
Perhaps they can build a steel mill next to their can factory that is next to their soup factory in Paris Texas ?
Sort of similar to what Henry Ford did.
Posted on 9/5/25 at 9:36 am to SantaFe
quote:And where does the money come from? OH!!!! I have an idea. Maybe the government can borrow more money and "invest" in the company! Great idea, amiright?
Perhaps they can build a steel mill next to their can factory that is next to their soup factory in Paris Texas ?
Posted on 9/5/25 at 9:38 am to SantaFe
quote:yep one steel mill coming right up, we can build those real quick practically overnight
Perhaps they can build a steel mill next to their can factory that is next to their soup factory in Paris Texas ?
then they just gotta get the source material...oh yeah that pesky labor force I guess we gotta pay them american wages too
that'll be $10 for a can of soup, please
Posted on 9/5/25 at 9:38 am to Taxing Authority
Everyone knows unless you can be literally 100% self-sufficient, someone is ripping you off. That's why I mine my own ore, smelt it down to form my own tools, use those tools to till my land, grow my own food, and live entirely off of that. My wife, she grows and picks the cotton and spins it into clothes for us and the children to wear. We travel by foot in shoes that we cobbled ourselves, because I'll be damned if I have a trade deficit with the shoe store. It's a simple life, but we're not being taken advantage of.
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