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Kirby McInerney LLP Announces Investigation Against The J.M. Smucker Company (SJM) on Behalf of Investors
Newsfilter· 2025-07-28 21:57
Core Insights - The J.M. Smucker Company is under investigation for potential violations of federal securities laws and unlawful business practices [1][3] Financial Performance - On November 7, 2023, Smucker completed the acquisition of Hostess Brands for approximately $5.5 billion, with $2.4 billion recorded as goodwill in the Sweet Baked Snacks segment [3] - For Q3 2025, Smucker reported a comparable net sales decrease of 8% in the Sweet Baked Snacks segment, alongside a $794 million impairment charge related to goodwill and a $208 million impairment charge for the Hostess Brand trademark [3] - In Q4 2025, Smucker experienced a further 14% decrease in comparable net sales in the Sweet Baked Snacks segment, incurring an additional $867 million impairment charge for goodwill and a $113 million impairment charge for the Hostess Brand trademark [4] - Following the disappointing Q4 results, Smucker's share price fell by $17.44, or approximately 15.59%, closing at $94.41 per share on June 10, 2025 [4] Strategic Outlook - The company updated its 2026 financial plan to reflect decreased net sales in the Sweet Baked Snacks segment, indicating sustained underperformance since the acquisition of Hostess Brands [4]
The J.M. Smucker Company (SJM) Faces Investor Scrutiny After Announcing The Second Hostess-Related Impairments In About 3 Months - Hagens Berman
Prnewswire· 2025-07-28 18:45
Core Viewpoint - The J.M. Smucker Company experienced a significant decline in share price following disappointing Q4 2025 financial results, leading to an investigation into potential securities law violations related to its acquisition of Hostess Brands [1][2][8]. Financial Performance - In Q3 2025, Smucker reported a comparable net sales decrease of 8% in its Sweet Baked Snacks segment, alongside a $794 million impairment charge related to goodwill and a $208 million impairment charge for the Hostess Brand trademark [6]. - Q4 2025 results showed a further 14% decrease in comparable net sales for Sweet Baked Snacks, with an additional $867 million impairment charge for goodwill and a $113 million impairment of the Hostess Brand trademark [7][8]. - The total impairment charges in Q4 amounted to 18% of the Hostess acquisition price, raising concerns about the company's previous assurances regarding synergies and sustainable growth [7][8]. Acquisition Details - The acquisition of Hostess Brands was completed on November 7, 2023, for approximately $5.5 billion, with $2.4 billion recorded as goodwill in the Sweet Baked Snacks segment [3][4]. - The acquisition included several well-known brands and manufacturing facilities across multiple states in the U.S. and Canada [4]. Investigation and Legal Concerns - Hagens Berman has initiated an investigation into whether Smucker may have misrepresented the benefits of the Hostess acquisition and whether it delayed the recognition of impairment charges [2][9]. - The investigation is focused on the potential impact of the company's financial disclosures on shareholder value, which saw a loss of about $1.8 billion following the Q4 results announcement [8].
Food compliance bears fruit with TELUS-Welch's breakthrough partnership
Prnewswire· 2025-07-28 16:01
Core Insights - TELUS Agriculture & Consumer Goods and Welch's have established a transformative 10-year partnership aimed at enhancing regulatory compliance and supply chain transparency in the food industry [1][2] - The collaboration will leverage TELUS's agricultural technology solutions to create a data-driven compliance framework, improving operational efficiency and meeting international regulatory standards [3][4] Company Overview - TELUS Agriculture & Consumer Goods is a leading provider of digital solutions and data insights, serving customers in over 50 countries with integrated analytics and supply chain management solutions [6] - Welch's, owned by a cooperative of U.S. family farmers, is recognized for its fruit-based products, including Concord grape juices and jams, and has a commitment to quality and innovation [8][10] Partnership Details - The partnership will deploy a compliance platform in phases, supporting Welch's network of over 700 grape growers in the U.S. and enhancing traceability across its products sold in over 40 countries [5] - The innovative solution will automate compliance validation and real-time monitoring, addressing the complexities of modern food systems and regulatory requirements [3][4]
August 4, 2025 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against RBGLY
Prnewswire· 2025-07-28 12:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Reckitt Benckiser Group plc regarding a class action lawsuit alleging misleading statements related to the company's cow's milk-based formula, Enfamil, which may have increased health risks for preterm infants [1][2]. Group 1: Allegations and Class Period - The class period for the allegations is from January 13, 2021, to July 28, 2024 [1]. - The complaint claims that Reckitt failed to disclose that preterm infants were at an increased risk of developing NEC from consuming Enfamil [1]. - It is alleged that Reckitt's positive statements about its business and operations were materially false and misleading due to the undisclosed risks and potential legal claims [1]. Group 2: Next Steps for Shareholders - Shareholders are encouraged to register for the class action by the deadline of August 4, 2025, to potentially become lead plaintiffs [2]. - Registered shareholders will receive updates through a portfolio monitoring software regarding the case's progress [2]. - Participation in the case incurs no cost or obligation for shareholders [2]. Group 3: About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [3].
Quhuo Partners with NIU World to Launch Innovative Fresh Beef Chain Brand Incubation Platform, Accelerating the Transformation of China's Fresh Beef Consumption Market
Prnewswire· 2025-07-28 10:00
Core Viewpoint - Quhuo Limited has announced a strategic partnership with NIU World to create a new chain brand incubation platform focused on fresh beef, aiming to meet the rising consumer demand for premium fresh beef in China through a vertically integrated supply chain ecosystem [1][4]. Group 1: Partnership Details - The partnership employs a dual-engine strategy of "Fresh Beef + New Chain Brands," leveraging NIU World's strengths in the entire industry chain from cattle farming to processing, combined with Quhuo's on-demand food delivery network [2][6]. - The collaboration aims to enhance supply chain efficiency and improve consumer experience while capturing opportunities in the expanding fresh beef market [2][4]. Group 2: Operational Synergies - NIU World controls end-to-end resources, ensuring consistent product quality and supply stability, while Quhuo provides a nationwide real-time delivery network for efficient product delivery [6]. - The initiative is led by Mr. Du Xin, who has extensive experience in brand incubation, and the project achieved over RMB 20 million in sales within the first month, indicating strong market acceptance [6]. Group 3: Market Expansion and Brand Incubation - The joint venture will support high-potential brands with significant fresh beef procurement capacity, offering services in supply chain management, digital operations, and strategic investment to accelerate brand scaling [6]. - The platform has secured cooperation with brands like Zhuang Popo Chinese Fresh Claypot, aiming to create a comprehensive national fresh beef chain brand matrix [6]. Group 4: Supply Chain Financing - The partnership will utilize supply chain financial solutions to help NIU World expand its procurement scale and slaughtering capacity, thereby reducing costs and improving supply chain flexibility [6].
食品上市公司股价涨超 10 倍,跨界押注BTC
Sou Hu Cai Jing· 2025-07-27 04:01
Group 1 - DDC Enterprise Limited's stock price surged to a historical high of $20.8 on July 14, 2025, marking a more than tenfold increase from around $2 in April 2025 [1][2] - The company, originally focused on Asian cuisine and food products, has diversified into cryptocurrency by establishing Bitcoin as a core reserve asset, making it one of the few Chinese companies listed in the U.S. to adopt this strategy [2][3] - Bitcoin's status as "digital gold" is increasingly recognized, with its price rising from a low of $70,000 to approximately $120,000 in 2025, reflecting a more than 70% increase [3][4] Group 2 - Bitcoin's total supply is capped at 21 million coins, with over 19 million already mined, positioning it as a valuable asset in an era of fiat currency devaluation [3][4] - Following the approval of Bitcoin spot ETFs, traditional companies have gained easier access to invest in Bitcoin, further solidifying its position in the mainstream market [4] - As of July 17, 2025, the top 50 companies holding Bitcoin include a mix of mining firms, exchanges, and tech giants from various countries, indicating widespread institutional interest [4]
Reckitt Benckiser Group plc Class Action: Levi & Korsinsky Reminds Reckitt Benckiser Group plc Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of August 4, 2025 – RBGLY
GlobeNewswire News Room· 2025-07-25 20:34
Core Viewpoint - A class action securities lawsuit has been filed against Reckitt Benckiser Group plc, alleging securities fraud that negatively impacted investors between January 13, 2021, and July 28, 2024 [1][2] Group 1: Allegations and Impact - The lawsuit claims that Reckitt's cow's milk-based formula, Enfamil, increased the risk of preterm infants developing NEC, which was not disclosed [2] - It is alleged that the defendants made materially false and misleading statements regarding the company's business and sales prospects, particularly concerning Enfamil [2] Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until August 4, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4] - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]
Kraft Heinz's Q2 Earnings on Horizon: What Surprise Awaits Investors?
ZACKS· 2025-07-25 17:51
Core Insights - The Kraft Heinz Company (KHC) is expected to report a decline in both revenue and earnings for the second quarter of 2025, with revenue estimated at $6.3 billion, reflecting a 2.9% decrease from the previous year [1] - The earnings consensus remains at 64 cents per share, indicating an 18% decline compared to the same quarter last year [2] Factors Impacting Results - KHC is facing challenges in volume performance due to changing consumer behavior and macroeconomic pressures such as tariffs and inflation, particularly affecting the U.S. Away from Home segment [3] - A projected 3.2 percentage point year-over-year decline in volume/mix is anticipated, leading to a similar drop in organic net sales [4] - Margin pressure is also a concern, with expectations of a 190 basis point contraction in adjusted gross margin, reaching 33.6% in Q2 2025, driven by unfavorable volume/mix shifts and rising costs [5] Strategic Initiatives - The company is focusing on growth through effective pricing strategies, operational efficiencies, and innovation, with its Brand Growth System expanding in emerging markets [6] Earnings Predictions - Despite the challenges, KHC has a positive Earnings ESP of +0.31% and a Zacks Rank of 3, suggesting a potential earnings beat [7]
Starbucks to Report Q3 Earnings: What Lies Ahead for the Stock?
ZACKS· 2025-07-25 14:26
Key Takeaways Starbucks will report Q3 fiscal 2025 results on July 29, with EPS expected to decline 31.2% year over year.SBUX revenues are expected to rise 1.9% to $9.29B, driven by new stores and continued menu innovation. Margin pressure from labor, tariffs and inflation is likely to have impacted profitability.Starbucks Corporation (SBUX) is scheduled to report third-quarter fiscal 2025 results on July 29, 2025, after the closing bell. In the last reported quarter, the company’s earnings missed the Zacks ...
Lassonde Industries Inc. Will Hold a Conference Call to Discuss Its Second Quarter 2025 Financial Results
Globenewswire· 2025-07-25 12:54
Core Viewpoint - Lassonde Industries Inc. will host a conference call to discuss its financial results for the second quarter of 2025 on August 8, 2025, led by CEO Vince Timpano and CFO Eric Gemme [1] Group 1: Conference Call Details - The conference call is scheduled for August 8, 2025, at 8:30 a.m. ET, with specific phone numbers provided for both overseas and North American participants [2] - A live audio broadcast will be available on the Corporation's website, and a replay will be accessible until midnight on August 15, 2025 [2][3] - A press release will be published on August 7, 2025, after markets close, and participants are advised to connect 15 minutes prior to the call [3] Group 2: Company Overview - Lassonde Industries Inc. is a leader in the North American food and beverage industry, developing, manufacturing, and marketing a wide range of products including fruit juices, specialty foods, and fruit-based snacks [5] - The company operates 19 plants in Canada and the United States, employing over 2,900 full-time equivalent employees [7] - Lassonde's go-to-market strategy includes retail sales to food retailers and wholesalers, as well as food service sales to various institutions such as restaurants and schools [6]