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☆ Stocks making the biggest moves premarket: Levi Strauss, Intuitive Machines, Wayfair and more
▼ + stars: | 2024-04-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Hertz Global — The car rental stock slid nearly 5% following a downgrade to sell from neutral at Goldman Sachs. Wayfair — The home-focused e-commerce retailer rose nearly 5% following an Evercore ISI upgrade to outperform from in line. For the period, the retailer posted adjusted earnings of 26 cents per share on $1.56 billion in revenue. Conagra reported earnings of 69 cents per share on revenue of $3.03 billion, exceeding FactSet's estimates of 65 cents per share on revenue of $3.01 billion. Intuitive Machines — The space stock soared nearly 11% after Intuitive won a NASA contract for $30 million to build a lunar terrain vehicle.

Persons: Goldman Sachs, Lizzie Dove, Morgan Stanley, Wayfair, Levi Strauss —, Conagra, Lamb Weston, FactSet, — CNBC's Alex Haring, Sarah Min, Samantha Subin Organizations: Hertz, Goldman, Zeta Global, Zeta's, LSEG, NASA

☆ Conagra Brands CEO Sean Connolly goes one-on-one with Jim Cramer
▼ + stars: | 2024-04-04 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Conagra Brands CEO Sean Connolly goes one-on-one with Jim CramerConagra Brands President and CEO Sean Connolly joins 'Mad Money' host Jim Cramer to talk consumer trends, innovation in the packaged goods space, the impact of weight-loss drugs and more.

Persons: Sean Connolly, Jim Cramer Conagra, Jim Cramer Organizations: Conagra, Jim Cramer Conagra Brands

☆ Stocks making the biggest moves midday: Lamb Weston, Levi Strauss, Wayfair and more
▼ + stars: | 2024-04-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Zeta Global — The software stock added 13% after Morgan Stanley upgraded the software firm to an overweight rating from equal weight. Conagra Brands — The consumer packaged goods food company climbed 5% after exceeding analysts' estimates for its fiscal third-quarter earnings and revenue. Lamb Weston — Shares plunged 19% after the fries producer missed its third-quarter earnings and revenue. Lamb Weston posted third-quarter adjusted earnings of $1.20 per share, less than the $1.45 analysts polled by FactSet had expected. Solar stocks — Solar stocks rose higher during Thursday's session as the yield on the benchmark 10-year Treasury moved lower.

Persons: Goldman Sachs, Morgan Stanley, Wayfair, foresees, Levi Strauss, Conagra, FactSet . Lamb Weston —, Lamb Weston, FactSet, Grindr, Raymond James, Solventum, —, Alex Harring, Hakyung Kim Organizations: Hertz, Goldman, Investors, Zeta, Conagra, Alaska Air Group —, Boeing, Reuters, 3M, Treasury, Energy, SolarEdge Technologies Locations: Alaska

☆ Thursday’s rapid fire: SharkNinja, Hertz Global, Levi Strauss, Conagra Brands and Block
▼ + stars: | 2024-04-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThursday’s rapid fire: SharkNinja, Hertz Global, Levi Strauss, Conagra Brands and BlockCNBC’s Jim Cramer on Thursday discussed the stocks of SharkNinja, Hertz Global, Levi Strauss, Conagra Brands and Block

Persons: Levi Strauss, Jim Cramer Organizations: Hertz, Conagra Brands

☆ Jim Cramer says Nelson Peltz's defeat is worrisome for Disney's stock and he wants to sell more
▼ + stars: | 2024-04-03 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Disney wins: Disney was successful at fending off Trian Partners in Nelson Peltz's quest for two board seats at the company. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Nelson, Jim, Steve Cohen, We're, Michael Cembalest, Levi Strauss, Slim Jim, Conagra, Lamb Weston, There's, Jim Cramer's, Mickey Mouse, Joe Raedle Organizations: CNBC, Treasury, Institute for Supply, PMI, Disney, Trian Partners, Apple, JPMorgan, Procter, Gamble, Jim Cramer's Charitable, Walt Disney World, Getty Locations: Washington, Orlando , Florida

☆ Here are the 3 key things we're most focused on in the stock market this week
▼ + stars: | 2024-03-30 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

The annual reading is above the 2% target set by the central bank but is a slight deceleration from the 2.9% annual rate in December and January. Looking ahead to next week, it's all about the macroeconomic updates as the first quarter earnings season is mostly over. ET: ISM Manufacturing PMI After the bell: PVH Corp. (PVH), Canoo (GOEV) Tuesday, April 2 10:00 a.m. ET: ISM Services PMI Before the bell: Acuity Brands (AYI) After the bell: BlackBerry (BB), Levi Strauss (LEVI) Thursday, April 4 8:30 a.m. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Dow, payrolls, Paychex, Calvin Klein, Tommy Hilfiger, Buster's, Levi Strauss, LEVI, Lamb Weston, Jim Cramer's, Jim Cramer, Jim, Eric Thayer Organizations: Dow Jones, Nasdaq, Federal, Cal, Maine Foods, Conagra, PVH Corp, PMI, Maine, Brands, Jim Cramer's Charitable, CNBC, Workers, Grand Central Market, Bloomberg, Getty Locations: U.S, Cal, Los Angeles , California

☆ Wall Street could be in for another good quarter after an exuberant start to the year, history shows
▼ + stars: | 2024-03-28 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Wall Street could be in for another solid quarter as stocks have embarked on a strong start to the year. Specifically, in the second quarter, the S & P 500 was higher 9 out of 11 times, averaging a 2.7% gain. Significantly, two occurrences of those 10% first-quarter gains Detrick reviewed took place during election years, with the S & P 500 ending higher on the year. In 1976, the S & P 500 went on to register a 1.5% increase in the second quarter, and a 4.6% jump for the rest of the year. The Wall Street firm maintained its year-end S & P 500 target of 5,050, representing a 3.8% slide from Wednesday's close.

Persons: Ryan Detrick, We've, there'd, Detrick, CNBC's, Research's Sam Stovall, Stovall, Piper Sandler, Craig Johnson, Brian Nick, Nick, John Stoltzfus, Ayako Yoshioka, Yoshioka, CFRA's Stovall, FactSet Organizations: Nvidia, VanEck Semiconductor, Dow Jones, Carson Group, Macro, PMI, Manufacturing, ADP, Survey, Services PMI, Weston Holdings, Conagra Brands, Consumer Credit Locations: U.S

☆ Cramer breaks down which company spin-offs have produced winning stocks
▼ + stars: | 2024-03-28 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Cramer breaks down which company spin-offs have produced winning stocks"Mad Money" host Jim Cramer breaks down the Conagra and Lamb Weston split and discusses companies that have had successful spinoffs.

Persons: Cramer, Jim Cramer, Lamb Weston

☆ Jim Cramer's week ahead: Nonfarm payroll data and Disney's proxy fight comes to a head
▼ + stars: | 2024-03-28 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday guided investors through next week's Wall Street action, saying to pay attention to new nonfarm payroll data and Walt Disney's annual shareholder meeting, where its long and arduous proxy fight will come to a head. "Keep an eye on the employment report, because everything else that's coming next week pales in comparison — even the no-holds-barred Disney proxy fight." On Monday, Cramer expects decent earnings from PVH , an apparel maker known for brands including Calvin Klein and Tommy Hilfiger. Walt Disney 's annual shareholder meeting will take place on Wednesday, bringing an end to the company's monthslong bitter proxy fight with activist investor Nelson Peltz. On Friday, the U.S. Department of Labor will release the nonfarm payroll report, and Cramer said he's expecting strong figures.

Persons: CNBC's Jim Cramer, we'll, Cramer, Calvin Klein, Tommy Hilfiger, he's, Walt Disney, Nelson Peltz, Levi Strauss, Conagra, Slim Jims, Orville Redenbacher's, Boyardee, haven't Organizations: Walt, Disney, Enterprise Products Partners, U.S . Department of Labor Locations: Paychex

☆ Goldman says these types of dividend stocks are the best to own in wake of big Meta payout news
▼ + stars: | 2024-02-12 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

For investors, that suggests opportunity in certain dividend stocks, Kostin wrote. Since late 2022, Goldman Sachs' Dividend Yield and Growth basket (GSTHDIVG), a 50-stock, equal-weighted basket of stocks with high trailing dividend yield and high anticipated dividend growth, has outperformed the equal-weighted S & P 500 by 3 percentage points. As of October, here are some of the stocks in the firm's dividend yield and growth basket. Verizon Communications Communication services stock Verizon Communications is a constituent in the dividend growth basket. Other stocks in Goldman's dividend growth basket include Best Buy , Conagra Brands and Devon Energy .

Persons: Goldman Sachs, David J, Meta, Kostin, That's, Greenlight Capital's David Einhorn, Morgan Stanley, Simon Flannery, — CNBC's Michael Bloom Organizations: Facebook, Bank of America, Federal Reserve, Verizon Communications Communication, Verizon Communications, Verizon, Conagra Brands, Devon Energy Locations: Viatris

☆ Dolly Parton says she refused to do a naked photo shoot for her 1978 Playboy cover
▼ + stars: | 2024-01-28 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Dolly Parton tells Business Insider she didn't want to do a naked cover shoot for Playboy in 1978. AdvertisementDolly Parton says she was completely comfortable posing on the cover of Playboy magazine in 1978, but only if she could be fully clothed. For the cover shoot, she dressed up like the Playboy bunny, wearing a black bustier, black bunny ears, and a dazzling white bow tie connected to a pink collar. Dolly Parton dresses up as the Playboy bunny for her 1978 cover shoot. During her Playboy cover interview in 1978, Parton said she didn't want to do a naked photo shoot because she was worried about how her fans would react.

Persons: Dolly Parton, Parton, —, Harry Langdon, Carl Dean, I'm, Duncan Hines, Conagra Organizations: Playboy, Service, Conagra Brands, BI Locations: Rhimestones

☆ Dolly Parton tells Gen Z workers: find your dream 9-to-5 — and work hard
▼ + stars: | 2024-01-26 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +3 min

Read previewDolly Parton says the best way to succeed at your 9-to-5 is to find your dream and stick to it. AdvertisementSpeaking to Business Insider about her advice for Gen Z workers, Parton recalls a quote she once shared on X. "And if those dreams come true, then you make deals with people. " Since 2022, Parton has been working with Duncan Hines and its parent company, Conagra, to release Dolly-branded cake mixes. Dolly Parton has put her name to a range of Duncan Hines baking mixes.

Persons: —, Dolly Parton, Parton, Sandollar, Sandy Gallin, Gen, Kevin Mazur, Duncan Hines, Jolene, JB Rowland, That's, I've, you've Organizations: Service, Business, Sandollar Productions, Entertainment, Herschend Enterprises, Company, Roll Hall of Fame Locations: Pigeon Forge , Tennessee, Dollywood

The declines have come from just about every sector, with the exception of technology, which has seen its earnings estimates rise since October 1. A good example: IBM , which beat earnings expectations and highlighted an uptick in demand for artificial intelligence products and services. Outside of technology, earnings expectations are lower than three months ago, but are now rising again. "The market has been anticipating improving earnings expectations, and it's getting them. By that I do not mean that earnings estimates are rising, I mean they are not getting cut as much anymore," Raich added.

Persons: Nick Raich, it's, Raich, Sherwin, Williams, Heidi Petz, Kimberly, Clark, Nelson Urdaneta, that's, shipper J.B, Hunt, John Roberts, McCormick, Gamble, STMicroelectronics, Jim Fitterling, DuPont, hasn't, ASML, Andre Schulten, Baker Hughes Organizations: IBM, Treasury, Scout, Paint Stores, Insurance, Procter, Swift Transportation, Dow Inc, Texas, 3M, Gamble, FedEx, Humana, Adobe, Dupont Locations: Americas, China

☆ Dolly Parton says a typical date night with her husband Carl Dean is a home-cooked romantic dinner
▼ + stars: | 2024-01-26 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +3 min

Dolly Parton may be a superstar, but she enjoys date nights with her husband Carl Dean at home. "We meet downstairs and have a wonderful little romantic dinner," she says. AdvertisementFor Grammy-winning country music legend Dolly Parton, a typical date with her husband, Carl Dean, is a quiet, romantic dinner at home. "Usually, I'll cook a really nice romantic dinner with all the fixings and all the desserts," she says. "And so I go to my end where my closet is, and then I'll get all dressed up, and we meet downstairs and have a wonderful little romantic dinner," she continues.

Persons: Dolly Parton, Carl Dean, Parton, Dean, —, We've, Carl, Duncan Hines Organizations: Service

☆ Dolly Parton says she was 'very involved' as a producer on 'Buffy the Vampire Slayer,' and sent gifts to the cast to show 'I was proud of them'
▼ + stars: | 2024-01-24 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Read previewDolly Parton is opening up about one of her little-known career achievements: a producer on "Buffy the Vampire Slayer." Sandollar first produced the 1992 "Buffy the Vampire Slayer" movie, which flopped at the box office, before coproducing the television series starring Sarah Michelle Gellar. Dolly Parton is releasing new Duncan Hines baking mixes. AdvertisementParton says she decided to launch her own baking mixes because of her love of cooking. "But no matter what you're cooking, you're going to always want something sweet to eat after it."

Persons: —, Dolly Parton, Parton, Sandy Gallin, Sandollar, Sarah Michelle Gellar, didn't, Duncan Hines, Gellar, Buffy, Jimmy Fallon, JB Rowland, Dolly Parton Parton, Conagra Organizations: Service, Business, Sandollar Television, Sandollar Productions, BI, Conagra, Conagra Brands Locations: Nashville, Los Angeles

☆ A 'Buffy the Vampire Slayer' reboot could be on the way, says producer Dolly Parton
▼ + stars: | 2024-01-24 | by ( Ayomikun Adekaiyero | Tufayel Ahmed | ) www.businessinsider.com time to read: +4 min

Dolly Parton says there are plans to reboot "Buffy the Vampire Slayer." Advertisement"Buffy the Vampire Slayer" could be returning to screens, according to Dolly Parton. Online USA/Stringer/Getty ImagesAccording to The Hollywood Reporter, Fran Rubel Kuzui first attempted to reboot "Buffy" with a new movie in 2009. In 2018, Whedon and producer and screenwriter Monica Owusu-Breen collaborated on a proposed "Buffy" reboot with a Black lead, reported Deadline. "I have to give more people more credit on 'Buffy the Vampire Slayer' than me.

Persons: Dolly Parton, Parton, —, Sarah Michelle Gellar, Sandy Gallin, David Boreanaz, They're, Kristy Swanson, Fran Rubel Kuzui, Kaz Kuzui, Joss, Stringer, Whedon, Monica Owusu, Breen, Owusu, Indira, Laya DeLeon Hayes, James Marsters, Anthony Head, Charisma Carpenter, Juliet Landau, Emma Caulfield, Amber Benson, James Charles Leary, Danny Strong, Duncan Hines, Conagra Organizations: Sandollar Television, Service, Sandollar Productions, Sandollar, Kuzui Enterprises, Productions, Century Fox Television, Hollywood, Twitter, BI, Conagra Brands Locations: Nashville, Los Angeles

☆ Dolly Parton says she didn't take a day off work for her 78th birthday: 'Nothing wrong with working on your birthday'
▼ + stars: | 2024-01-23 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +3 min

Parton tells Business Insider she decided to work on her birthday this year. The country music legend celebrated her birthday on January 19 and marked the occasion by working on future projects, she tells Business Insider. Parton tells BI that she was snowed in at home on her birthday, but neither that nor work stopped her from celebrating in style. AdvertisementNew baking mixes set to hit stores this month include chocolate cake, yellow cake, cinnamon crumb cake, blueberry muffin, and banana nut muffin. SUZANNE CORDEIRO/Getty ImagesParton tells Business Insider that she started her own line of baking mixes because she loves to cook.

Persons: Dolly Parton, Parton, —, Duncan Hines, SUZANNE CORDEIRO, Lucky Parton Organizations: Service, Conagra Brands, Conagra, of Country

Fourth-quarter earnings season is kicking off with a mix of good and bad news. Without those six stocks, the rest of the S & P is expected to see earnings fall 6%. There's a lot riding on earnings in 2024 For the S & P 500 to increase in 2024, earnings need to expand. But with the S & P 500 up over 20% last year, the forward earnings multiple is roughly 19.6, in the very pricey range. We need higher revenues The biggest risk to higher earnings is lower revenue growth.

Persons: Savita Subramanian, General Mills, Mobileye, Nick Raich, Adam Crisafulli, BofA's Subramanian, Deutsche, Binky, Sam Stovall Organizations: Pfizer, Merck, Moderna, Bank of America, Nvidia, Microsoft, Apple, Nike, FedEx, General, Darden, Constellation Brands, Technology, Samsung Electronics, Vital, Deutsche Bank's Locations: Wayfair, Conagra

☆ I answer the Butterball turkey hotline. I get lots of funny questions on Thanksgiving Day.
▼ + stars: | 2023-11-23 | by ( Jenny Powers | ) www.businessinsider.com time to read: +8 min

Phyllis Kramer is a Butterball Turkey Talk-Line expert based in Aurora, Illinois. AdvertisementI've been talking turkey on the Butterball Talk-Line for 22 years now. AdvertisementSome people assume my job must be easy, but they couldn't be more wrongKramer answers calls to the Butterball Turkey Talk-Line. AdvertisementOur average call lasts 3 minutes, and the most common question is how to thaw a frozen turkeyA herb- and citrus butter-roasted Butterball turkey. I always thaw turkey in the refrigerator.

Persons: Phyllis Kramer, She's, —, I've, Kramer, I'm, we're, we've, parsnip, it's, We'll Organizations: Service, Canadian, Foods, Butterball University Locations: Turkey, Aurora , Illinois, Butterball Turkey, Naperville , Illinois

☆ Lightning Round: I like Rivian over Lucid, says Jim Cramer
▼ + stars: | 2023-11-20 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: I like Rivian over Lucid, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: SL Green Realty, Lucid, SLB, Toyota, Conagra, Sirius XM and more.

Persons: Jim Cramer Organizations: Green Realty, Toyota, Sirius XM

☆ Cramer's Lightning Round: 'Buy Toyota'
▼ + stars: | 2023-11-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon SL Green Realty's year-to-date stock performance. Stock Chart Icon Stock chart icon Lucid's year-to-date stock performance. Stock Chart Icon Stock chart icon Schlumberger's year-to-date stock performance. Stock Chart Icon Stock chart icon Toyota's year-to-date stock performance. Stock Chart Icon Stock chart icon Conagra's year-to-date stock performance.

Persons: it's, Xcel, It's, That's, Wynn, Jim Cramer's Organizations: Green, Schlumberger, Toyota, Twist, Boise, Xcel, Excel, Sirius, Sirius XM, Properties Locations: BXP, Boise

☆ Cramer: Diversification is crushing investors this year. Will 2024 be different?
▼ + stars: | 2023-11-19 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

The stock of Club holding Morgan Stanley (MS) dropped to $70 from $100 before bouncing back to $80 when interest rates recently peaked. Morgan Stanley and Schwab did nothing bad or shameful, but their multiples are shadows of their former selves. At least Morgan Stanley has a nice dividend yield of 4.25%. Key, Huntington, First Horizon, Morgan Stanley and Schwab are all good franchises that are regarded as cheap. The Morgan Stanley headquarters is seen in New York City on Jan. 17, 2023.

Persons: It's, Huntington Bancshares, Stephen Steinour, Chris Gorman, Bryan Jordan, Morgan Stanley, That's, Charles Schwab, Schwab, We're, Macy's, Albert Bourla, Myers, Meyers, Eli Lilly, let's, Mills, Campbell Soup, WK Kellogg, McCormick, Neutrogena, Johnson, Edwards, Zimmer Biomet, Becton Dickenson, Baxter, BAX, Ford, Hess, Tesla, Jim Cramer's, Jim Cramer, Jim, Michael M Organizations: Dominion, Federal Reserve, Nordstrom, Pfizer, Bristol, Myers, Hostess Brands, Novo Nordisk, PepsiCo, Hershey, Brands, Spice, Johnson, Moderna, American Electric Power, Duke Energy, Motors, JetBlue, EOG Resources, ConocoPhillips, Exxon Mobil, Nvidia, Apple, Federal Trade Commission, CNBC, Santiago, Getty Locations: Huntington, Memphis, Tennessee, Toronto, United States, Celgene, Bristol, New York City

☆ Reducing pesticides in food: Major food manufacturers earn an F grade
▼ + stars: | 2023-11-08 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +11 min

“Pesticide exposure during pregnancy may lead to an increased risk of birth defects, low birth weight, and fetal death,” the American Academy of Pediatrics stated. “Exposure in childhood has been linked to attention and learning problems, as well as cancer.”Yet pesticide exposure is widespread, even for chemicals that were banned years ago by federal agencies. In the 2023 Shopper’s Guide to Pesticides in Produce — a list of nonorganic produce with the most pesticides — researchers found 210 different pesticides on the 12 foods. In addition, consumers can ask food companies to “release the actual test results of pesticide concentrations in their products,” said EWG’s Temkin. “Food companies have not been publishing such data, instead relying on generalities,” she said via email.

Persons: ”, Cailin Dendas, “, disheartening, Jane Houlihan, Houlihan, Kale, collard, ” Alexis Temkin, toxicologist, ” Dendas, Jim Watson, Dendas, Sow, General Mills, Archer Daniels, Lamb, Nestlé, Dane Lisser, Shelby Stoolman, EWG’s, Temkin, ” Temkin, “ Steer Organizations: CNN, “ Pesticides, Healthy, “, ”, American Academy of Pediatrics, Environmental, US Environmental Protection Agency, Environmental Protection Agency, US Centers for Disease Control, Getty, Archer Daniels Midland Co, PepsiCo Inc, Conagra Brands Inc, Campbell Soup Company, Lamb Weston Holdings Inc, G Foods Inc, Cargill, Danone S.A, Del Monte Pacific Ltd, General, Inc, Kraft Heinz Company, Mars Incorporated, Mondelēz, Post Holdings Inc, ADM, US Food and Drug Administration Locations: United States, AFP

☆ Corporate America weighs business impact of new weight-loss drugs
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +4 min

Walmart (WMT.N) expects revenues from its health and wellness products to increase in the second half of the year, mainly due to the popularity of weight-loss drugs. PepsiCo (PEP.O) Chief Financial Officer Hugh Johnston has said the company is "not seeing any impact" yet from the popularity of weight-loss drugs. Coca-Cola (KO.N) CEO James Quincey said the company was monitoring what impact, if any weight-loss drugs will have. Abbott CEO Robert Ford has said diabetes patients could end up using glucose monitors with the weight-loss drugs in the long term. DRUG DISTRIBUTORSCencora (COR.N), formerly called AmerisourceBergen, Cardinal Health (CAH.N) and McKesson (MCK.N) have flagged potential boost to revenues this year owing to the growing demand for weight-loss drugs.

Persons: Victoria Klesty, Eli Lilly's, Eli Lilly's Zepbound, Hugh Johnston, James Quincey, Michele Buck, Dr Pepper, Robert Gamgort, Johnson, Joseph Wolk, Robert Ford, Michael Farrell, Bhanvi Satija, Ananya Mariam Rajesh, Mrigank Dhaniwala, Arun Koyyur Organizations: REUTERS, U.S . Food, Drug Administration, Walmart, PepsiCo, J, Abbott Laboratories, Insulet Corp, Boston Scientific, Cardinal Health, Thomson Locations: Oslo, Norway, Victoria, U.S, GLP, Bengaluru

☆ Wall Street is asking how weight-loss drugs will affect consumer giants — but it may be too early to tell
▼ + stars: | 2023-11-06 | by ( Angelica Peebles | In Angelicapeebles | ) www.cnbc.com time to read: +1 min

Photographer: Caitlin O'Hara/Bloomberg via Getty ImagesIf you listen to third-quarter corporate earnings calls, it might seem like everyone is taking weight-loss drugs. Delta Air Lines , PepsiCo , Philip Morris International and Darden Restaurants are just some of the companies that faced questions from analysts about how the drugs are affecting their bottom lines. While some analysts are making sweeping claims about how obesity drugs will reshape the industries they cover, the medicines are still in the early days. Known as GLP-1s, the drugs were first approved for diabetes and are now also being used for obesity. But even so, only a sliver of eligible people are actually taking the drugs at this point, said Goldman Sachs analyst Chris Shibutani.

Persons: Caitlin O'Hara, Philip Morris, it's, Nestle –, It's, Wegovy, Goldman Sachs, Chris Shibutani Organizations: PepsiCo Inc, Bloomberg, Getty, Delta Air Lines, PepsiCo, Philip, Philip Morris International, Darden, Hershey, Conagra, Nestle, Novo Nordisk Locations: Phoenix , Arizona, U.S, Novo

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