People Buying Fewer Hot Pockets After Tastes Change, SNAP Cuts Image courtesy of (Mike Mozart)
Younger generations of Americans are turning against frozen and processed food in general, and even the pseudo-foodie makeover couldn’t rehabilitate the image of Hot Pockets. However, Bloomberg Businessweek points out another problem for low-cost frozen foods like Hot Pockets: at the end of last year, temporary increases to the Supplemental Nutrition Assistance Program (SNAP), what were once called “food stamps,” began in 2009 and expired at the end of 2013. Hot Pocket sales fell when recipients’ SNAP allowances did.
“For our Hot Pockets brand, it was not surprising to understand the value our products offered to the SNAP consumer,” a Nestle spokeswoman told Businessweek, and a Nestle executive specifically mentioned SNAP recipients as a factor in Hot Pocket sales during a recent sales call.
Every Food Trend Goes Against Slumping Hot Pockets, Even Government Spending [Bloomberg Businessweek]
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