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Kraft Heinz considers breakup amid sluggish sales, changing consumer preferences: report
New York Post· 2025-07-11 20:03
Core Viewpoint - Kraft Heinz is considering a spinoff of a significant portion of its grocery business due to changing consumer preferences towards healthier, less processed foods, which could create a new entity valued at up to $20 billion [1][7]. Company Strategy - The remaining Kraft Heinz entity would focus on sauces and condiments, including well-known brands like Heinz ketchup and Grey Poupon [2]. - Executives believe that separating the two units could enhance overall market value, potentially exceeding the current $31 billion market cap [3]. Financial Performance - Kraft Heinz has struggled to meet expectations since its 2015 merger, with little sales growth and declining profits, resulting in a stock price drop of over 60%, equating to a loss of approximately $57 billion in market value [11][16]. - The company reported around $28 billion in annual revenue at the time of the merger, but by 2019, it faced rising costs and a $15 billion write-down related to its Kraft and Oscar Mayer brands [8][9]. Market Response - Following news of the potential spinoff, Kraft Heinz shares surged nearly 4%, trading around $27 [2]. - The stock has experienced significant volatility, peaking near $96 in early 2017 and recently opening at $26.90, just above its 52-week low [12]. Strategic Considerations - Kraft Heinz is evaluating various strategic transactions to unlock shareholder value, with discussions ongoing but no final decisions made yet [4][14]. - The company has also been exploring the sale of underperforming brands, including Oscar Mayer and Maxwell House, but these efforts have not yet succeeded [13].
Lifeway Foods Comments on Edward and Ludmila Smolyansky's Consent Solicitation and Urges Shareholders to Disregard the Unlawful Consent Solicitation Statement
Prnewswire· 2025-07-03 14:40
MORTON GROVE, Ill., July 3, 2025 /PRNewswire/ -- Lifeway Foods, Inc. (NASDAQ: LWAY) ("Lifeway" or the "Company"), a leading U.S. supplier of Kefir and fermented probiotic products to support the microbiome, made the following statement regarding Edward and Ludmila Smolyansky's consent solicitation statement:Lifeway values investor feedback and remains focused on maximizing shareholder value.  Lifeway's strategy has delivered strong shareholder returns (788% over 5 years through the date prior to Danone's in ...
Papa Johns Canada Introduces Cheddar Crust Pizza, A New Take on a Classic Favourite
GlobeNewswire News Room· 2025-06-02 11:30
Core Insights - Papa Johns has introduced a new menu item, Cheddar Crust Pizza, which features a blend of cheddar cheese and garlic seasoning baked onto their classic crust, enhancing the flavor profile of their pizzas [1][2][3] - The Cheddar Crust Pizza is priced at $17.99 and will be available across Canada starting June 2nd, 2025, and comes with a side of Special Garlic Sauce and a pepperoncini [3] - In addition to the new pizza, Papa Johns is also launching Cheddar Cheesesticks, which are designed to complement the pizza offering and provide a shareable side option [4] Company Overview - Papa Johns International, Inc. was founded in 1984 with a focus on using high-quality ingredients to create superior pizzas, emphasizing their commitment to fresh, never frozen dough and real cheese [5] - The company is the third-largest pizza delivery chain globally, operating over 5,900 restaurants in 50 countries and territories [5]