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PepsiCo to cut prices and 20% of products under a new deal
Fastcompany· 2025-12-10 14:21
Core Insights - PepsiCo plans to cut nearly 20% of its product offerings by early next year to streamline operations and enhance marketing investments [1] - The company aims to introduce new products with simpler and more functional ingredients, such as Doritos Protein and Simply NKD Cheetos and Doritos, which will not contain artificial flavors or colors [2] - These strategic changes are influenced by Elliott Investment Management, which acquired a $4 billion stake in PepsiCo, highlighting concerns over strategic clarity, growth deceleration, and profitability erosion in North America [3] Group 1 - PepsiCo will reduce its product offerings by nearly 20% to invest in marketing and improve consumer value [1] - The introduction of new products will focus on simpler ingredients, including a prebiotic cola [2] - Elliott Investment Management's $4 billion stake has prompted these changes due to concerns about the company's strategic direction and profitability [3]
HONEYWELL APPOINTS INDRA NOOYI TO BOARD OF DIRECTORS
Prnewswire· 2025-12-10 12:00
CHARLOTTE, N.C., Dec. 10, 2025 /PRNewswire/ -- Honeywell (NASDAQ: HON) announced today that its Board of Directors has appointed Indra Nooyi, 70, former Chair and Chief Executive Officer of PepsiCo, to its Board of Directors as an Independent Director, effective January 1, 2026. Nooyi served as Chief Executive Officer of PepsiCo from 2006 through 2018 and Chair of its board of directors from 2007 to 2019. Prior to that, she spent five years as President and Chief Financial Officer and was a member of the P ...
瑞丽市驰念蛋糕店(个体工商户)成立 注册资本10万人民币
Sou Hu Cai Jing· 2025-12-10 10:39
天眼查App显示,近日,瑞丽市驰念蛋糕店(个体工商户)成立,法定代表人为黄佳,注册资本10万人 民币,经营范围为许可项目:餐饮服务(依法须经批准的项目,经相关部门批准后方可开展经营活动, 具体经营项目以相关部门批准文件或许可证件为准) 一般项目:食品销售(仅销售预包装食品)(除依法 须经批准的项目外,凭营业执照依法自主开展经营活动)。 ...
VITASOY INT‘L12月10日斥资267万港元回购40.4万股
Zhi Tong Cai Jing· 2025-12-10 09:08
VITASOY INT'L(00345)发布公告,于2025年12月10日,该公司斥资约267万港元回购40.4万股股份,每 股回购价格为6.6-6.61港元。 ...
The Magnum Ice Cream Company confirms inclusion in AEX index on Euronext Amsterdam
Globenewswire· 2025-12-10 06:31
Core Insights - The Magnum Ice Cream Company (TMICC) has been included in the AEX Index on Euronext Amsterdam as of December 8, 2025, marking its first day of trading [1][2] - TMICC is recognized as the world's largest ice cream company, with a diverse portfolio of iconic brands including Magnum, Cornetto, and Ben & Jerry's, and operates in over 80 countries [3][5] - The company generated €7.9 billion in revenue in 2024, indicating strong financial performance [5] Company Overview - TMICC is headquartered in Amsterdam, Netherlands, and is the global leader in the ice cream market [3] - The company has a strategy focused on sustainable growth through innovation, productivity, and disciplined investment [3] - TMICC operates a global fleet of 3 million freezers, enhancing its distribution capabilities [5] Market Position - The AEX Index consists of the 30 largest and most actively traded companies on Euronext Amsterdam, highlighting TMICC's significant market presence [2] - The inclusion in the AEX Index positions TMICC alongside other leading Dutch and international businesses, enhancing its visibility to investors [3]
ROSEN, SKILLED INVESTOR COUNSEL, Encourages Perrigo Company plc Investors to Secure Counsel Before Important Deadline in Securities Class Action – PRGO
Globenewswire· 2025-12-10 04:05
Core Points - Rosen Law Firm is reminding investors who purchased Perrigo Company plc securities between February 27, 2023, and November 4, 2025, of the January 16, 2026, lead plaintiff deadline for a class action lawsuit [1][2] Group 1: Class Action Details - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by January 16, 2026 [2] - Investors can join the class action by visiting the provided link or contacting the law firm directly [5] Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time [3] - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of settlements in 2017 and has consistently ranked in the top 4 since 2013 [3] - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in recovering funds [3] Group 3: Case Allegations - The lawsuit alleges that Perrigo made materially false and misleading statements regarding its infant formula business acquired from Nestlé, which suffered from significant underinvestment [4] - It is claimed that Perrigo needed to make substantial capital and operational expenditures beyond its stated cost estimates to address issues in the infant formula business [4] - The lawsuit asserts that there were significant manufacturing deficiencies in Perrigo's infant formula facility, leading to overstated financial results [4]
Schwab’s SCHD ETF Is Mostly Solid, But 1 Top Holding Is Concerning
Yahoo Finance· 2025-12-09 23:53
Core Viewpoint - The Schwab U.S. Dividend Equity ETF (SCHD) is a favored investment option for retirees, focusing on dividend-paying U.S. stocks with strong financial metrics and a history of consistent dividend payments [1]. Dividend Yield and Top Holdings - SCHD currently offers a yield of 3.9%, surpassing most other stocks and the S&P 500 [2]. - The top five holdings contributing to this yield include: - Merck (MRK): 4.71% yield, contributing 3.51% to ETF yield - Cisco Systems (CSCO): 4.67% yield, contributing 2.06% to ETF yield - Amgen (AMGN): 4.54% yield, contributing 3.03% to ETF yield - Bristol Myers (BMY): 4.24% yield, contributing 4.9% to ETF yield - AbbVie (ABBV): 4.22% yield, contributing 3.1% to ETF yield [2]. Dividend Safety Analysis - The dividend safety varies among the top holdings, with Merck showing a conservative payout ratio of 43% and a history of uninterrupted payments for over 26 years [4]. - Cisco's payout ratio is 63%, while Amgen's is 73% and Bristol-Myers is 85%, indicating increasing risk as the payout ratios rise [5]. - AbbVie presents the highest concern with a 501% payout ratio based on trailing earnings, but its operating cash flow of $18.8 billion in 2024 allows for a more manageable 58.6% cash flow payout ratio [6][7].
Pepsi axing of customer-favorite snacks, sodas — and slashing prices in cost-cutting marathon
New York Post· 2025-12-09 22:24
Core Viewpoint - PepsiCo has agreed to reduce its product lineup by 20% in the US, lower some prices, and lay off an unspecified number of workers as part of a deal with activist investor Elliott Management [1][2][3] Group 1: Product Changes - The company will cut an unspecified number of brands from its well-known snack and beverage lineup, which includes Lay's, Cheetos, Doritos, and Pepsi [1][6] - PepsiCo has repackaged its Lay's potato chips to emphasize they are made with "real potatoes" and has replaced artificial dyes with natural alternatives in some products [4] - The company plans to introduce new products with higher protein and fiber content, as well as reduced-sugar options [5][8] Group 2: Financial Strategy - PepsiCo expects organic revenue growth of 2% to 4% in fiscal 2026, slightly below analysts' estimates of 2.7% [5] - The CEO stated that savings from cost-cutting measures will be used to lower prices on top brands to boost sales, as inflation has led consumers to avoid expensive snacks and sodas [7][8] Group 3: Corporate Restructuring - The company is making structural changes that will affect some roles, although the specific number of layoffs and areas impacted have not been disclosed [3] - PepsiCo is not considering a full refranchising of its North American business despite Elliott's push for changes [10]
Class Action Filed Against Perrigo Company plc (PRGO) - January 16, 2026 Deadline to Join – Contact Levi & Korsinsky
Globenewswire· 2025-12-09 21:44
NEW YORK, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Perrigo Company plc ("Perrigo Company plc" or the "Company") (NYSE: PRGO) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Perrigo Company plc investors who were adversely affected by alleged securities fraud between February 27, 2023 and November 4, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1 ...
Campbell’s Shares Fall 4% Despite Sales Beat Amid Tariff and Consumer-Shift Concerns
Financial Modeling Prep· 2025-12-09 21:23
Core Insights - Campbell's Co. reported quarterly net sales of $2.68 billion, exceeding the consensus estimate of $2.66 billion, with adjusted EPS of $0.77, surpassing expectations of $0.73 [3] - Despite strong performance in the meals and beverages division, shares fell over 4% intra-day due to concerns over the snacks business and tariff-related pressures [1][4] - The company plans to remove synthetic dyes from its products, aligning with health trends and initiatives [2] Financial Performance - First-quarter net sales were $2.68 billion, slightly above the consensus of $2.66 billion [3] - Adjusted EPS was reported at $0.77, exceeding the estimate of $0.73 [3] - Pricing and allowances in the meals and beverages division increased by 1% [3] Strategic Initiatives - Campbell's intends to raise prices and implement cost-saving measures to mitigate the impact of new U.S. tariffs, which are expected to affect about 4% of its fiscal 2026 cost of goods sold [4] - The company is committed to removing synthetic dyes from its food and beverage products, replacing them with natural alternatives [2] Outlook - The company reaffirmed its fiscal 2026 outlook, projecting organic net sales to range from a 1% decline to a 1% increase [4] - EPS is forecasted to drop by 12% to 18%, with a range of $2.40 to $2.55 [4]