High Gas Prices Are Hurting Impulse Snack Sales. 3 Companies Feeling the Pain.
High gas prices are dampening impulse snack purchases, according to a Barron's report. Smucker's Sweet Baked Snacks saw sales fall 7% year-over-year in the latest quarter, highlighting the broader pressure on impulse-driven categories.
Why it matters — Because JJSF relies heavily on impulse snack purchases at convenience and other on-the-go outlets, a decline in such buying driven by high gas prices could weigh on its sales.