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Nestlé Runs 24 Hours to Avert Formula Shortages After Recall
Insurance Journal· 2026-02-13 14:11
Nestlé SA is ramping up production of infant formula to avert a shortage, after a contamination crisis led the Swiss foodmaker and rival producers Danone SA and Groupe Lactalis to recall hundreds of batches.Five Nestlé factories in France, Spain, Germany, Switzerland and the Netherlands are running 24 hours a day to boost supply, particularly products for babies under the age of one, it said. A filing seen by Bloomberg showed Nestlé asked Swiss authorities for permission to conduct night and holiday work at ...
Utz Brands Reports Fourth Quarter and Full Year 2025 Results
Businesswire· 2026-02-12 11:30
"Company†), a leading U.S. manufacturer of branded Salty Snacks and a small-cap value Staples equity, today reported financial results for the Company's fiscal fourth quarter and full year ended December 28, 2025. 4Q'25 Summary(1) Net Sales increased 0.4% to $342.2 million Organic Net Sales increased 0.4%; Branded Salty Snacks Organic Net Sales increased 2.5% Gross Profit Margin increase of 50bps Adjusted Gross Profit Mar. HANOVER, Pa.--(BUSINESS WIRE)--Utz Brands, Inc. (NYSE: UTZ) ("Utz†or the ...
Kraft Heinz Pauses Separation Plan and Issues Weak 2026 Outlook
Financial Modeling Prep· 2026-02-11 21:53
Core Viewpoint - Kraft Heinz Co. has suspended its planned company separation and provided 2026 guidance that significantly underperforms analyst expectations [1][2] Group 1: Financial Performance - The company reported fourth-quarter adjusted earnings per share (EPS) of $0.67, surpassing analyst estimates of $0.61 [1] - Revenue for the quarter was $6.35 billion, slightly below the consensus of $6.38 billion and down 3.4% year-over-year [1] - Organic sales declined by 4.2%, worse than the expected drop of 3.72% [1] Group 2: Strategic Changes - Under new CEO Steve Cahillane, Kraft Heinz is focusing on restoring profitable growth [2] - The company announced a $600 million investment plan targeting marketing, sales, and research and development, particularly for its U.S. operations [2] Group 3: Future Projections - For 2026, Kraft Heinz projected adjusted EPS between $1.98 and $2.10, significantly below analyst expectations of $2.49 [2] - Organic net sales are expected to decline between 1.5% and 3.5%, with adjusted operating profit forecasted to fall by 14% to 18% [2] Group 4: Full-Year Results - For the full year 2025, Kraft Heinz reported a net loss of $5.85 billion, compared to a profit of $2.74 billion in 2024, primarily due to $9.3 billion in non-cash impairment charges [3] - Adjusted EPS for 2025 decreased by 15% to $2.60 from $3.06 in the previous year [3]
Surging Earnings Estimates Signal Upside for Hershey (HSY) Stock
ZACKS· 2026-02-11 18:21
Hershey (HSY) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this chocolate bar and candy maker is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earning ...
J. M. Smucker: I Don't Think You're Ready For This Jelly
Seeking Alpha· 2026-02-11 18:19
Conservative Income Portfolio targets the best value stocks with the highest margins of safety. The volatility of these investments is further lowered using the best priced options. Our Enhanced Equity Income Solutions Portfolio is designed to reduce volatility while generating 7-9% yields. Our performance relative to a 60:40 benchmark, can be seen below.The J. M. Smucker Company ( SJM ) is a familiar name across households in the United States. The company’s 2025 annual report notes that around 90% of the ...
Kraft Heinz pauses plans to split into 2 companies, says its problems are 'fixable'
Yahoo Finance· 2026-02-11 14:36
Core Viewpoint - Kraft Heinz has decided to pause its plans to split into two companies, focusing instead on profitable growth and addressing internal challenges [1][2]. Group 1: Company Strategy - CEO Steve Cahillane emphasized the need to concentrate resources on profitable growth, stating that the opportunity for the company is larger than previously expected [1]. - The company plans to invest $600 million in marketing, sales, and product development instead of proceeding with the split [3]. Group 2: Financial Performance - Kraft Heinz's shares fell by 5.2% in early trading following the announcement of lower quarterly and annual results [2]. - In the fourth-quarter earnings release, the CEO highlighted the strength of the company's balance sheet and free cash flow potential, expressing confidence in future growth opportunities [4].
Eshbal strikes Dare To Be Different Foods deal
Yahoo Finance· 2026-02-11 11:29
Israel’s Eshbal Functional Food has closed its purchase of a 55% interest in US low-carb and gluten-free business Dare to Be Different Foods (D2BD). In a statement yesterday (10 February), the Canada-listed company said it bought the stake in D2BD along with certain assets connected to the company’s operations. To strike the deal, Eshbal issued 3.6 million common shares at a deemed issue price of C$0.21 ($0.15) per share, implying an aggregate value of C$756,000. The deal also includes a cash considera ...
The Marzetti Company (MZTI) Enters Into a Definitive Agreement to Acquire Bachan’s, Inc.
Yahoo Finance· 2026-02-10 13:43
The Marzetti Company (NASDAQ:MZTI) is one of the Best FMCG Stocks to Invest In According to Analysts. On February 3, the company announced that it entered into a definitive agreement for the acquisition of Bachan’s, Inc. Notably, the transaction will help expand the company’s position in the broader sauce category. Also, it will offer growth opportunities via retail and foodservice distribution network, supply chain capabilities, etc. The Marzetti Company (NASDAQ:MZTI) highlighted that the purchase price i ...
Mama's Creations to Host Virtual Investor Day Presentation on Tuesday, February 24, 2026
Globenewswire· 2026-02-10 13:31
Core Insights - Mama's Creations, Inc. will host a virtual investor day presentation on February 24, 2026, at 1:00 p.m. Eastern time to provide a corporate update and discuss future strategies [1][2][3] Company Overview - Mama's Creations, Inc. is a leading marketer and manufacturer of fresh deli prepared foods, available in over 12,000 grocery, mass, club, and convenience stores across the United States [5] - The company aims to become a one-stop-shop deli solutions platform, leveraging vertical integration and a diverse family of brands to meet modern consumer demands [5] Leadership and Strategy - The presentation will feature key executives, including the Chairman & CEO, CFO, CMO, CCO, and COO, who will outline strategic priorities and discuss the integration of Crown 1, expanded capacity, new retail placements, and capital allocation [2][4] - The company emphasizes its goal of sustained profitable growth and long-term shareholder value creation through its one-stop-shop strategy [4]
JM Smucker eliminates COO as part of leadership restructuring
Yahoo Finance· 2026-02-10 11:00
This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. J.M. Smucker is restructuring its top leadership to consolidate functions and double down on artificial intelligence, the Uncrustables maker said Tuesday. The company will eliminate its chief operating officer position and give new management responsibilities to five senior executives. It is also creating the role of chief technology officer, whose responsibilities will i ...