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Smucker

All articles tagged with #smucker

business1 month ago•2 min saved

Nuvalent soars on GSK deal as Smucker beats, SailPoint slides; chips rebound in premarket

Premarket movers include Nuvalent jumping about 39% after GSK agreed to acquire it for $10.6 billion; J.M. Smucker rose about 3.5% after Q4 results beat estimates; SailPoint fell more than 12% on weaker full-year guidance despite earnings beating expectations; Alibaba edged up roughly 0.9% as the Pentagon added Chinese firms to a military list; Vail Resorts dropped about 4.9% after soft Q3 results, while Micron and Qualcomm helped drive a chip stock rebound in premarket trading.

via CNBC|

#alibaba #business #gsk

business9 months ago•3 min saved

Smucker's Sues Trader Joe’s Over Uncrustables Copycat Products

J.M. Smucker Co. has filed a lawsuit against Trader Joe’s, alleging that their new frozen peanut butter and jelly sandwiches infringe on its Uncrustables trademarks in design and packaging, seeking damages and destruction of infringing products.

via CNN|

#business #food-packaging #smucker

business9 months ago•2 min saved

Smucker Sues Trader Joe’s Over Alleged Uncrustables Copycat Products

J.M. Smucker Co. has filed a lawsuit against Trader Joe’s, alleging that their new frozen peanut butter and jelly sandwiches infringe on Smucker’s Uncrustables trademarks in design and packaging, claiming the similarities could confuse customers and violate intellectual property rights.

via AP News|

#business #pbandj-sandwiches #smucker

business1 year ago•8 min saved

Major Food Brands Commit to Eliminating Artificial Colors by 2027

J.M. Smucker Co. plans to remove FD&C artificial colors from all its consumer food products by 2027, focusing on sugar-free fruit spreads, ice cream toppings, and some Hostess products, with a goal to cease sales of such products to K-12 schools by 2026/2027, aligning with consumer demand for natural ingredients.

via Stock Titan|

#business #clean-label #consumer-health

business2 years ago•2 min saved

Smucker's Acquires Hostess Brands in $5.6B Deal

J.M. Smucker, the maker of jellies, Jif peanut butter, and Uncrustables, has agreed to acquire Hostess Brands, the maker of Twinkies, Ho Hos, and Ding Dongs, in a $5.6 billion deal. The takeover will add iconic sweet snacks to Smucker's portfolio, which already includes coffee and pet food brands. Analysts have raised questions about how the brands will blend, given Smucker's lack of shelf-stable snacks, but Smucker expects to cut $100 million in costs within two years. Hostess Brands, which has experienced bankruptcy in the past, has been able to increase sales and profits by raising prices in response to supply chain disruptions and higher energy prices.

via The New York Times|

#acquisition #business #food-industry

business3 years ago•1 min saved

Cramer advises caution in pet industry post-Covid spending hangover.

The post-Covid spending hangover has made people more selective with their spending, and the pet industry is no exception. While the "humanization of pets" trend is still in play, not all pet companies stand to benefit. Pure pet plays like Petco and Chewy have become controversial stocks, but General Mills and Smucker are good options for those who want to invest in the pet theme without taking on too much risk.

via CNBC|

#business #consumer-spending #covid-19