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RBGLY Investors Have Opportunity to Lead Reckitt Benckiser Group PLC Securities Fraud Lawsuit
Prnewswire· 2025-06-07 16:24
Core Viewpoint - A class action lawsuit has been filed against Reckitt Benckiser Group PLC on behalf of purchasers of American Depositary Shares (ADSs) during the period from January 13, 2021, to July 28, 2024, due to alleged misleading statements regarding the safety of its cow's milk-based formula, Enfamil, for preterm infants [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Reckitt failed to inform investors that preterm infants consuming Enfamil were at an increased risk of developing necrotizing enterocolitis (NEC) [5]. - It is alleged that Reckitt's positive statements about its business and operations were materially false and misleading, lacking a reasonable basis during the class period [5]. - Investors reportedly suffered damages when the true details about the risks associated with Enfamil became public [5]. Group 2: Legal Representation - The Rosen Law Firm is representing the investors and encourages potential class members to select qualified counsel with a successful track record in securities class actions [4]. - Investors who purchased Reckitt ADSs may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A lead plaintiff must move the court by August 4, 2025, to represent other class members in the litigation [1][3].
Europe's Rice Noodles Market to Surpass USD 3.85 Billion by 2030: Thai President Foods, Nongshim Co., and Toyo Suisan Kaisha Dominate
GlobeNewswire News Room· 2025-06-06 14:13
Market Overview - The Europe Rice Noodles Market was valued at USD 2.18 Billion in 2024 and is projected to reach USD 3.86 Billion by 2030, with a compound annual growth rate (CAGR) of 9.99% [2][9] - The market is experiencing growth due to a shift towards gluten-free and health-conscious dietary options among European consumers [2] Key Market Drivers - The rising popularity of Asian cuisine is a significant driver for the market, as European consumers increasingly explore global flavors, leading to higher demand for rice noodles in both foodservice and home cooking [4] - The convenience-driven demand, influenced by busy lifestyles and a preference for ready-to-eat products, is further propelling market growth [3] Key Market Challenges - The rice noodles market faces strong competition from traditional wheat-based noodles, which are more familiar and often less expensive, making it difficult for rice noodles to capture a larger market share [5] - Cultural preferences and established consumption habits surrounding wheat-based pasta can hinder the adoption of rice noodles in certain regions [5] Key Market Trends - There is an increasing preference for gluten-free and health-conscious foods, with rice noodles being favored as a naturally gluten-free alternative that aligns with the broader wellness trend in Europe [6] - The demand for organic, clean-label, and minimally processed rice noodle offerings is rising to meet the needs of health-conscious consumers [6] Key Players - Notable companies in the Europe Rice Noodles Market include Thai President Foods Public Company Limited, Nongshim Co., Ltd., Toyo Suisan Kaisha, Ltd., and Nissin Foods Co., Ltd. among others [7] Report Scope - The report segments the Europe Rice Noodles Market by product type, distribution channel, and country [8]
The J.M. Smucker Gears Up for Q4 Earnings: Key Insights for Investors
ZACKS· 2025-06-05 16:51
Key Takeaways SJM's Q4 revenue is expected to dip 0.8% to $2.19B, with EPS forecast down 15.4% to $2.25. SJM expects margin pressure as pricing may not offset commodity cost inflation and elasticity. Integration of Hostess Brands and focus on growth strategies may have supported quarterly performance.The J. M. Smucker Company (SJM) is likely to witness a top and bottom-line decline when it reports fourth-quarter fiscal 2025 earnings on June 10. The Zacks Consensus Estimate for revenues is pegged at $2.19 ...
General Mills, Inc. (GIS) Presents at dbAccess Global Consumer Conference Transcript
Seeking Alpha· 2025-06-05 10:16
Core Insights - General Mills is facing significant challenges in the current consumer environment, with consumer sentiment at a low point, comparable to the period immediately following the pandemic in 2020 [5][6]. Company Overview - The company is heavily reliant on the U.S. market, with 85% of its business operations based there [6]. - Consumer financial stress is evident, as U.S. consumer debt has increased, indicating that while consumers are still making purchases, they are financially stretched [6]. Industry Context - The overall consumer sentiment in the U.S. is reported to be the second lowest in history, as per the University of Michigan's polling data [6].
The Gross Law Firm Notifies Shareholders of Krispy Kreme, Inc.(DNUT) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-06-05 09:45
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) demand for Krispy Kreme products declined materially at McDonald's locations after the initial marketing launch; (2) demand at McDonald's locations was a driver of declining average sales per door per week; (3) the partnership with McDonald's was not profitable; (4) the foregoing posed a substantial risk to maintaining the partnership with McDon ...
关心:白象“多半”的心机,早晚酿成危机
Sou Hu Cai Jing· 2025-06-05 06:51
Core Viewpoint - The article discusses the prevalence of misleading trademarks in various industries, particularly in food and consumer products, highlighting the deceptive practices that mislead consumers about product characteristics and quality [1][3]. Group 1: Misleading Trademarks in Food Industry - Bai Xiang instant noodles' trademark "多半" misleads consumers into thinking they are purchasing a "多半袋" (half bag) of noodles [1]. - Other examples include Qianhe's soy sauce labeled as "千禾0" implying zero additives, and Yuanqi Forest's tea products that confuse "0 sugar" and "0 cane sugar" [1]. - Brands like Pucheng Dairy and various noodle brands use terms like "高端无添加" (high-end no additives) and "手擀" (handmade) to create false impressions about their products [1]. Group 2: Deceptive Practices Beyond Food - The article notes that misleading trademarks are not limited to food, with electronic products using terms like "120W" that may not reflect actual power [3]. - Brands create confusion by using similar names to well-known brands, such as "小天才特×" and "胖都来," which can mislead consumers [1][3]. Group 3: Trademark Registration Issues - The trademark registration process includes formal and substantive reviews, but subjective interpretations can lead to misleading trademarks being approved [3]. - Some applicants exploit loopholes by splitting trademarks or applying in multiple categories to bypass scrutiny [3]. - Examples include the "壹号土" trademark, which could mislead consumers into thinking it relates to "土猪肉" (local pork) [3]. Group 4: Importance of Integrity in Business - The article emphasizes that integrity is crucial for businesses, especially in the food industry, where consumer health is at stake [4]. - Companies must be accountable for the authenticity of their trademarks to build consumer trust in product quality and safety [4]. - Regulatory bodies are encouraged to monitor and penalize businesses with invalid trademarks to maintain market integrity [4].
浙江省温州市龙湾区市场监督管理局2025年第十四期食品安全监督抽检信息公告
Zhong Guo Zhi Liang Xin Wen Wang· 2025-06-05 06:50
Summary of Key Points Core Viewpoint - The Wenzhou Longwan District Market Supervision Administration has conducted a special inspection of food safety focusing on "rural counterfeit and inferior" food products, achieving a 100% pass rate in the inspection of 91 batches of various food items [1][2]. Inspection Results - The inspection covered food categories including grain products, condiments, meat products, sugar, and alcoholic beverages, with all tested samples passing the quality standards [1]. - The testing was performed by recognized institutions such as Zhejiang Public Inspection Center and Wenzhou Customs Comprehensive Technical Service Center [1]. Handling Measures and Consumer Advice - The Longwan District Market Supervision Administration has mandated local market supervision departments to immediately halt the sale of any non-compliant food products and take necessary actions to mitigate risks [2]. - Consumers are advised to report any discovered non-compliant food products or violations of their rights by calling the designated complaint hotline [2].
6月5日午间收评:创业板指半日涨0.32%,虚拟电厂、算力硬件股集体走强
news flash· 2025-06-05 03:35
2、板块概念方面,虚拟电厂、足球、铜高速连接、CPO等板块领涨;黄金珠宝、美容护理、创新药、 食品饮料等板块领跌; 3、两市共2029只个股上涨,54只个股涨停;2876只个股下跌,6只个股跌停;16只股票炸板,炸板率 31%。 1、市场早间窄幅震荡,三大指数小幅上涨。虚拟电厂概念股走强,恒实科技、金智科技、积成电子等 多股涨停。足球概念股延续强势,金陵体育、共创草坪、舒华体育等涨停。算力硬件股再度走强,天津 普林、广合科技涨停,胜宏科技涨超9%创新高。下跌方面,大消费股集体调整,曼卡龙跌超10%。个 股跌多涨少,沪深京三市超3000股飘绿,上午半天成交7286亿。午间收盘沪指涨0.08%,深成指涨 0.16%,创业板涨0.32%。 ...
Mondelēz International Scales Up Due Diligence and Sector Collaboration to Promote Human Rights; Releases Annual 2024 Progress Report
Globenewswire· 2025-06-04 20:08
Core Insights - Mondelēz International, Inc. released its 2024 Human Rights Due Diligence and Modern Slavery Report, highlighting progress in addressing human rights and modern slavery risks across its operations and value chain [1] - The company emphasizes the importance of human rights due diligence as part of its "Snacking Made Right" mission, focusing on meaningful partnerships and a culture of care and integrity [2] Human Rights Due Diligence Efforts - Mondelēz International is enhancing its human rights due diligence (HRDD) across its operations and supplier network, with a focus on prioritized ingredients like cocoa [3] - The Cocoa Life program aims to make cocoa farming more profitable, protect forests, and empower local communities, including initiatives for women's empowerment and entrepreneurship [3] Sector Collaboration - The company is investing approximately $3 million from 2022 to 2026 in the Child Learning and Education Facility (CLEF) to combat child labor in the West African cocoa supply chain, targeting over 4 million children [4] - A new public-private partnership, the System Change Architecture for Learning Excellence (SCALE), is being supported with an investment of around $1 million over the next four years to improve education quality in Ghana [5] Audit and Training Statistics - Approximately 96% of owned manufacturing sites and 98% of prioritized suppliers have undergone third-party SMETA audits in the past three years [6][7] - Since the launch of its Human Rights Policy in 2021, the company has trained over 50,000 employees on human rights issues, including 7,000 in manufacturing and logistics [7] Child Labor Monitoring - By the end of 2024, about 89% of Cocoa Life communities in West Africa, representing approximately 2,480 communities, will be covered by the Child Labor Monitoring & Remediation System (CLMRS) [7] - The company aims to cover all West African Cocoa Life communities with a CLMRS by the end of 2025, having conducted over 240,000 interviews to prevent child labor [7] Broader Human Rights Initiatives - Mondelēz International is committed to respecting human rights throughout its value chain, guided by the United Nations Guiding Principles on Business and Human Rights (UNGPs) [8] - The company collaborates with various industry coalitions to enhance its human rights efforts, including partnerships to combat child labor and improve education in cocoa-producing regions [10]
Campbell's Q3 Sales Edge Higher
The Motley Fool· 2025-06-04 19:24
Core Insights - Campbell's reported a 1% organic net sales growth for fiscal 2025 Q3, with adjusted EBIT increasing by 2% and adjusted EPS at $0.73, reflecting a 3% year-over-year decline, while full-year adjusted EPS is now expected at the low end of prior guidance [1] Meals and Beverages Performance - The meals and beverages segment achieved a 6% organic net sales growth and a 2% increase in consumption, marking six consecutive quarters of positive in-market consumption [2] - Strong household penetration gains in condensed cooking soups were noted, particularly among millennial consumers, with mac and cheese marketing adding approximately 1 million new households, the largest quarterly gain in four years for this subcategory [2][3] Snacks Segment Challenges - The snacks division experienced a 5% decline in organic net sales, with a 3% drop in consumption attributed to category-wide contraction and company-specific execution issues [4][5] - Recovery prospects for the snacks segment are now pushed into fiscal 2026, with management focusing on price-point strategies, multipack offerings, and targeted innovation to preserve share and margin [5] Cost Management and Acquisition Integration - The company achieved approximately $110 million in cost savings towards a $250 million multi-year target, with the SOVOS acquisition integration unlocking additional efficiencies [6][7] - Despite a 110 basis point contraction in adjusted gross profit margin, disciplined cost controls enabled a 2% adjusted EBIT gain, and acquisition synergies positively impacted adjusted EPS [6][8] Future Outlook - Management reaffirmed FY2025 guidance, now expecting adjusted EPS at the low end of the range, with meals and beverages facing shipment-related headwinds and snacks' full-year operating margin projected at 13% [8] - The FY2025 cost savings target has been raised to $130 million, and the company anticipates capital expenditures at approximately 4.5% of net sales, with tariff-related impacts on adjusted EPS estimated at $0.03–$0.05 [8]