Nestle Canada On Wednesday, the company said it would “scale back” and end sales of frozen foods, including: Delicio, stouffers, lean food When life style In the next six months, the company says it will enter the Canadian market Press release.
By email to Global News, Nestle Canada The company said it decided to invest in categories with the highest growth potential in this “competitive Canadian market.”
These categories include candy, coffee products, ice cream, baby food and supplements, health products, bottled water, and pet food.
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“We have determined that the frozen food and pizza categories will not be a strategic focus for Nestlé Canada going forward,” the company said.
As of December 2022, the average monthly retail price of frozen pizza in Canada is $4.27, up about 5.7% from $4.04 for the same period in 2021. Statistics Canada.
Canadians have grappled with rising food costs last year due to record-high inflation. Overall inflation in December was 6.3% for him, while food prices in grocery stores were up 11% for him year-on-year.
According to Statistics Canada, food prices will rise by an average of nearly 10% through 2022, the fastest increase since 1981.
Nestlé Canada president and CEO John Carmichael said in a company statement that the company’s decision to remove frozen foods from Canada “allows the company to invest more in priority categories that make sense for its business. We are ready to strengthen our portfolio.” ”
“We look forward to continuing to provide Canadians with great Nestlé products now and in the future,” said Carmichael.
Nestlé Canada said it has no factories in Canada making frozen food and pizza products and will work with retail partners to expedite the withdrawal of affected products.
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