#consumer

International Flavors & Fragrances $IFF agreed to sell its Food Ingredients business to CVC for about $4.3B, above the $500M Tier-1 M&A threshold. The unit generated nearly $3.1B of 2025 sales and about $430M of EBITDA.

Whirlpool shares fell 20% Thursday after the appliance maker declared the Iran war caused a 'recession-level industry decline' in the U.S. as consumer confidence collapsed in late February and March. Skyrocketing fuel costs are driving demand destruction in large-ticket household goods.

PepsiCo $PEP posted first-quarter revenue of $19.44 billion, above the $18.94 billion LSEG estimate cited by CNBC, and adjusted EPS of $1.61 versus $1.55 expected. Net revenue rose 8.5% as North American foods returned to volume growth after price cuts.