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Processed food stocks tumbled on Friday as investors feared a crackdown under President-elect Donald Trump and ally Robert F. Kennedy Jr. Cheerios cereal and Betty Crocker cake mix maker General Mills fell more than 2%, as did Conagra Brands , the company behind Reddi-wip. Frozen potato supplier Lamb Weston , whose french fries are sold in chains including McDonald's and Chick-fil-A, dropped more than 6%. Traders are wary that Kennedy's "Make America Healthy Again" focus will result in increased scrutiny of companies behind some of the best-known snack, packaged food and soft-drink brands. The stock bucked the trend with an advance on Friday, but finished down more than 4% on the week.
Persons: Donald Trump, Robert F, Kennedy, Betty Crocker, Mills, Reddi, Campbell, Kraft Heinz, Oscar Mayer, Lamb Weston, it's, WK Kellogg Organizations: Soda titans PepsiCo, Coca, Brands, Trump, Health, Human Services Department, Food and Drug Administration, Centers for Disease Control, Capitol, Senate, National Institutes of Health, Traders, NBC, WK Kellogg Co Locations: Canada
Kraft Heinz, the company that produces Lunchables, announced Tuesday that it will remove the meal kits from the National School Lunch Program. “We’re pleased that Heinz Kraft has pulled Lunchables from the school lunch program,” Brian Ronholm, director of food policy at Consumer Reports said in a statement. “The USDA should maintain stricter eligibility standards for the school lunch programs so that the millions of kids that depend on it get the healthier options they deserve.”The National School Lunch Program –– a federally assisted program that provides low-cost and free nutritionally balanced lunches to students –– serves nearly 30 million kids, according to the US Department of Agriculture’s Food and Nutrition Service. Sodium levels in the school lunchesTwo types of Lunchables were brought into the school lunch program last year: Turkey & Cheddar Cracker Stackers and Extra Cheesy Pizza. Consumer Reports found that the kits, which were created specifically for the school lunch program, contained even higher levels of sodium than those available in the grocery store.
Persons: CNN —, Kraft Heinz, We’re, Heinz Kraft, Brian Ronholm, – –, Tom Vilsack, , Armour LunchMakers, Oscar Mayer, can’t, CNN’s Sandee, Parija Kavilanz Organizations: CNN, Consumer, US Department of Agriculture’s Food, Nutrition Service, , US Centers for Disease Control, Natural Meat, World Health Organization, CDC Locations: United States, Turkey
You might expect to see litter, trash or even roadkill on the side of a highway. But a 3,600-pound hot dog? Just after 11 a.m. Monday, employees of Oscar Mayer were driving one of the company’s promotional Wienermobiles on an Illinois highway when the driver hit another car, lost control, overcorrected and rolled the vehicle on its side, the Illinois State Police said. Video taken after the collision showed two people — “hotdoggers,” as the company calls them — climbing out of the passenger-side door and hopping down to safety. Later, a tow truck crane arrived, scooped up the Wienermobile and carried it away.
Persons: Oscar Mayer Organizations: Illinois State Police, Social Locations: Illinois, Oak Brook
But a new report from Consumer Reports said it recently compared the nutritional profiles of two Lunchables kits served in schools and found they have even higher levels of sodium than the Lunchables kits consumers can buy in stores. The non-profit consumer group said it has petitioned the US Department of Agriculture, which oversees the federally assisted school meal program, to remove Lunchables food kits from school cafeterias, as a result. The introduction of Lunchables in schools came amid proposed changes to school food guidelines by the USDA, which oversees the federally assisted school meal program. The proposed changes aimed to reduce added sugars and sodium levels in school-provided lunches. Food additives are considered “generally recognized as safe” (GRAS) by the US Food and Drug Administration, but not everyone agrees.
Persons: Lunchables, Armour LunchMakers, Oscar Mayer, can’t, , Brian Ronholm, Kraft Heinz, ” Kraft Heinz, Carlos Monteiro, Monteiro, ” Monteiro, Heinz “ Organizations: New, New York CNN, Consumer, Natural Meat, World Health Organization, US Centers for Disease Control, US Department of Agriculture, CNN, USDA, University of Sao, NOVA, US Food and Drug Administration, Center for Science, Environmental, Kraft Locations: New York, University of Sao Paulo, Brazil
Hot-dog giant Oscar Mayer is entering the plant-based industry with vegan hot dogs and sausages. They're set to cost between 40% and 60% more than the brand's traditional hot dogs, Bloomberg said. Lowering on-the-shelf prices has been a persistent challenge for plant-based meat makers. The company is launching non-animal-meat hot dogs and sausages at retailers nationwide in the US later this year, and they're set to cost between 40% and 60% more than the brand's traditional hot dogs, Bloomberg reported. A bun-length four-pack of Oscar Mayer NotHotDogs has a suggested retail price of $5.99, a spokesperson for the Kraft Heinz Not Company told Business Insider.
Persons: Oscar Mayer, , Oscar Mayer NotHotDogs, Kraft Heinz Organizations: Bloomberg, Service, Kraft, Company, Business Locations: Washington ,
Kraft’s newest Oscar Mayer hot dog is missing meat
  + stars: | 2024-03-06 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +4 min
In the past year, the company rolled out a vegan boxed Mac & Cheese, mayonnaise and vegan cheese slices. Sinking sales have sparked troubles for pioneers, like Beyond Meat (BYND), which also has sausage products. The once-trendy plant-based meat company has faced falling demand and ballooning costs in recent years. Frey said that recent innovations in plant-based meat products, such as improving taste, texture and expanding options (i.e. Besides taste, plant-based meat “faces challenges like price competitiveness, distribution issues and consumer skepticism,” Frey said.
Persons: New York CNN — Oscar Mayer, Kraft Heinz, Oscar Mayer “ NotHotDogs, NotSausage, there’s, Sherry Frey, Frey, , Oscar Mayer, , , ” Frey, Kraft, NIQ’s Frey Organizations: New, New York CNN, CNN, Kraft The Kraft Heinz Company, Kraft, Kraft Mac Locations: New York, Kraft’s,
Elena Perova | Istock | Getty ImagesJust ahead of the holiday season, Walmart had encouraging news for inflation-weary shoppers: Prices on food and other staples were falling instead of rising. But the retail giant backpedaled this week, saying higher prices on many grocery items and household staples like paper goods have stuck. Food prices climbed 2.6%, fueled by a 5.1% jump in prices for food away from home, a category that includes restaurant meals and vending machine purchases. That gives their makers the ability to keep raising prices to mitigate higher costs, even as their volume drops. Even some of the biggest U.S. brands have signaled that consumers' tolerance of higher prices has worn thin.
Persons: Elena Perova, John David Rainey, Coke, James Quincey, Gregory Daco, airfares, Tyson, Fernando Fernandez, Arun Sundaram, Kraft Heinz, Chocolate, Hershey, Edward Jones, Brittany Quatrochi, Sundaram, Pringles, Kellanova, Heinz, Stefani Reynolds, Brad Thomas, CFRA's Sundaram, Thomas, Frederic J, Brown, Oscar Mayer, Greg Melich Organizations: Istock, Walmart, CNBC, Federal, Depot, Pew Research Center, Maine Foods, Unilever, Nestle, Bloomberg, Getty, Planters, Target, Kroger, AFP, U.S, PepsiCo, Frito, Evercore ISI Locations: Hershey , Pennsylvania, North America, Washington ,, Rosemead , California
Overall, it was an "unbelievably good quarter," Jim said. Coca-Cola : The beverage giant's fourth-quarter earnings met Wall Street expectations, while sales exceeded analyst projections. I think that stock works its way higher over time," Jim said. Meanwhile, Uber announced a $7 billion stock buyback program, which Jim called "really nice." It was a very good quarter," Jim said.
Persons: Jim Cramer, Harley Finkelstein, Jim, David Risher's, Uber, Kraft, Oscar Mayer Organizations: Management, Kraft Heinz, Robinhood
The damages award could be tripled under U.S. antitrust law to more than $53 million. The same jury on Nov. 21 found the egg producers liable for the alleged antitrust conspiracy after a more than five-week trial. The damages award was limited to alleged overpayments during a four-year window in the mid-2000s. The jury's liability decision held Cal-Maine accountable with other defendants, including trade associations United Egg Producers and United States Egg Marketers. The case is Kraft Foods Global Inc v. United Egg Producers Inc, U.S. District Court for the Northern District of Illinois, No.
Persons: Oscar Mayer, Heinz, General Mills, Kellogg, Brandon Fox, Jenner, Steven Seeger, Robin Sumner, Troutman Pepper Hamilton Sanders, Patrick Collins of King, Rose Acre, James King, Porter Wright Morris, Mike Scarcella Organizations: Kraft, Kraft Foods Group Inc, 3G Capital, Berkshire Hathaway Inc, Food, Nestle, Friday, Cal, Maine Foods, United Egg Producers, United States Egg, U.S, Kraft Foods Global Inc, United Egg Producers Inc, Northern, Northern District of, Jenner, Patrick Collins of King & Spalding, Arthur, Thomson Locations: Northfield , Illinois, Acre, Ridgeland , Mississippi, Maine, Cal, Northern District, Northern District of Illinois
Just four months after announcing that the hot dog-shaped Wienermobile was changing its name to the Frankmobile, the one-of-a-kind wiener on wheels is reverting to the original. Oscar Mayer announced Wednesday on Instagram that the Frankmobile is toast. The name change announced by The Kraft Heinz Company in May was meant to pay homage to the brand's 100% beef franks and their new recipe. Those who drive the Wienermobile around to promotional events are known as Hotdoggers. Perhaps the most famous Hotdogger is former U.S. House Speaker Paul Ryan, who drove the Wienermobile one summer while in college.
Persons: Oscar Mayer, franks, ” Oscar Mayer, Paul Ryan Organizations: The Kraft Heinz Company, U.S . House Locations: MADISON, Wis, Instagram, Wisconsin, Madison, Chicago, U.S
Kraft Heinz 's North American president will become CEO of the food giant next year, the company announced Monday. Carlos Abrams-Rivera will take the reins Jan. 1 from Miguel Patricio, who has led Kraft Heinz since 2019. Kraft Heinz shares have fallen 15% this year, dragging its market value down to $42.2 billion. "Since joining Kraft Heinz in 2020, [Carlos] has consistently delivered strong results in the North American retail and Away From Home businesses," Patricio said in a statement. Ahead of the CEO transition Jan. 1, Abrams-Rivera will become president of Kraft Heinz, adding new responsibilities to his current role.
Persons: Kraft Heinz, Carlos Abrams, Rivera, Miguel Patricio, Patricio, Oscar Mayer, Maxwell, Abrams, Campbell, Carlos Organizations: Kraft, Cream, North Locations: California
New York CNN —Consumers are pulling back on discretionary spending, and Papa Johns is taking a hit. Lynch joined Papa Johns (PZZA) in 2019. The vast majority, roughly 2,900 out of about 3,400 total North American Papa Johns restaurants, are franchised, according to the company. Sales at Papa Johns locations open at least a year fell in the second quarter. But now, they’re pushing back – and not just at Papa Johns.
Persons: Papa Johns, , Rob Lynch, , we’ve, I’ve, Lynch, American Papa Johns, Luke Sharrett, Papa, Kraft Heinz, Oscar Mayer, Kraft, Miguel Patricio, ” Patricio, George Frey, James Quincey, Steven Cahillane, “ We’re, , ’ ”, ” Lynch, it’s Organizations: New, New York CNN, American Papa, Papa Johns, Bloomberg, Kraft Mac, Kraft Locations: New York, Papa Johns, Capri Sun, Philadelphia, Europe
This week Oscar Mayer renamed its Weinermobile. "This month, we are introducing a tasty new recipe with a more balanced flavor profile and iconic beefy taste that is more flavorful than ever," an Oscar Mayer spokesperson told Insider. The original model was 13 feet long and was designed by the General Body Company of Chicago, Oscar Mayer says. A view of the Oscar Mayer Wienermobile 75th anniversary at West 75th street in Manhattan. Photo by Rob Kim/Getty ImagesIn its current state, the Oscar Mayer initiative offers jobs to new college graduates to drive around the country and promote the brand.
Oscar Mayer’s Wienermobile is getting a new name
  + stars: | 2023-05-17 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +2 min
New York CNN —Oscar Mayer’s Wienermobile is driving off into the sunset. Oscar Mayer says the new Frankmobile name “pays homage” to the new recipe for its hot dogs rolling out this summer. The brand’s new recipe for hot dogs represents the first change to Oscar Mayer’s franks in six years. Oscar Mayer, owned by Kraft Heinz (KHC), has often used cheeky marketing tactics to attract attention to its packaged products. Kraft wrote down the value of its Kraft and Oscar Mayer brands in 2019 by $15 billion because consumers have shifted their preferences away from processed foods.
Now, Kraft Heinz wants to offer customers more than three times that number of condiment options through a new customizable sauce dispenser, created for food-service clients. The machine, called the Heinz Remix, is the latest example of Kraft Heinz leaning into its away-from-home segment to grow sales. In the first quarter, Kraft Heinz's North American food service division reported sales growth of more than 25%. In its latest quarter, Kraft Heinz reported North American sales grew by 6.2% as higher prices offset shrinking demand from inflation-weary shoppers. Shares of Kraft Heinz have fallen 3% this year, giving it a market value of $48.5 billion.
Kraft wants to remake the TV dinner
  + stars: | 2023-05-03 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +6 min
On Wednesday, Kraft Heinz officially introduced Homebake 425°/:30, the company’s new line of frozen meals. Kraft HeinzFor Kraft, the new brand is part of an effort to increase the company’s net sales by $2 billion through 2027. As part of its earlier turnaround efforts, Kraft Heinz has been trying to reinvigorate decades-old brands like Velveeta and Oscar Mayer. In that time, frozen food prices jumped 16.3%, well above recent annual trends for grocery prices as a whole. In 2020, Kraft Heinz announced that it was divesting its natural cheese business.
Another cultish cost-saving formula gets off-track
  + stars: | 2023-03-29 | by ( Jeffrey Goldfarb | ) www.reuters.com   time to read: +9 min
Despite its multiple interpretations and approaches, success is widely gauged by a railway’s operating ratio, a simple measure of how much it spends to make a buck. Union Pacific’s peers improved similarly, indicative of the antiquated ways the industry had been deploying resources. Union Pacific also found itself unable to bring back enough furloughed workers in areas where they were most needed. “In a significant departure from the railroad industry's recent past, we deliberately moved away from a singular focus on operating ratio,” he told lawmakers. “If we wanted to drive [operating ratio] lower over time, we could,” the board wrote in a letter to shareholders in late 2021.
Oscar Mayer is currently recruiting the next class of drivers for its iconic Wienermobile. The year-long “Hot Dogger” gig is available for a cadre of recent college graduates, according to a news release from Oscar Mayer. There are a total of 12 Wienermobile driver positions available for 2023, according to Oscar Mayer. The job posting says that the full-time role comes with a “competitive salary” and that expenses, benefits, and team apparel will be covered by Oscar Mayer. Aspiring Wienermobile drivers can apply for the position online any time before January 31, says Oscar Mayer.
The best food marketing stunts of the year
  + stars: | 2022-12-23 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +10 min
“The Big Cheez-It Tostada and Big Cheez-It Crunchwrap are in such Big demand that our limited offer is no longer available,” the chain said. Diane Bondareff/AP Images for Fancy FeastOver the summer, Fancy Feast invited people to answer the question: What does cat food taste like? The restaurant dishes drew inspiration from Fancy Feast Medleys, cat food that is itself inspired by human food like salmon primavera and turkey florentine. The restaurant’s menu was created by Amanda Hassner, in-house chef for Fancy Feast, as well as restaurateur Cesare Casella, a Michelin star winner, according to a Fancy Feast press release. Papa JohnsAs a permanent addition to the Papa Johns menu, the no-crust, toppings-only Papa Bowls are technically not a stunt.
Because they’re incredible.”More than half of Kraft Heinz’s business comes from just eight brands — the aforementioned three, plus Kraft Mac and Cheese, Philadelphia Cream Cheese, Heinz, Lunchables and Ore-Ida. For Kraft Heinz, which is relying on Patricio to execute a comeback, there’s a lot on the line. So we have more loyalty.”For that reason, Kraft Heinz has leaned in to promoting its legacy brands — and with sometimes outrageous marketing. Kraft HeinzOther Kraft Heinz brands have also used attention-grabbing marketing campaigns. Kraft Heinz’s brands now have a presence on gaming platforms like Roblox, in addition to social media channels and other platforms.
We have also added Arab and West Indian ancestry groups to this list, since they represent significant ethnic groups when counted together even if they don't make the list when tracked for specific countries. Notable Americans with Mexican ancestry include Tony Romo, Eva Longoria, Salma Hayek, Mario Lopez, Jessica Alba, Joan Baez, Carlos Santana, and Louis C.K. 19,911,467 AmericansA large number of people claim American ancestry, either as a political statement or because their pre-American ancestry is mixed or uncertain. Notable Americans with Native American ancestry include Wilma Mankiller, John Herrington, Sitting Bull, and Armie Hammer. Notable Americans with Indian ancestry include Mindy Kaling, Kal Penn, Padma Lakshmi, M. Night Shyamalan, Indra Nooyi, and Aziz Ansari.
Persons: Sandra Bullock, John Steinbeck, Ben Affleck, Jessica Biel, Tom Cruise, Uma Thurman, David Letterman, Walt Disney, Henry J, Heinz, Oscar Mayer, slavesfrom, Barack Obama, Condoleezza Rice, Oprah Winfrey, Michael Jordan, Denzel Washington, Beyoncé Knowles, John F, Kennedy, Neil Armstrong, Henry Ford, Scott Fitzgerald, Conan O'Brien, Derek Jeter, Elvis Presley, Bruce Springsteen, Tony Romo, Eva Longoria, Salma Hayek, Mario Lopez, Jessica Alba, Joan Baez, Carlos Santana, Louis C.K, Justin Timberlake, Clint Eastwood, Orson Welles, Seth MacFarlane, George Clooney, Cher, Liza Minnelli, Ernest Hemingway, Bill Gates, Maria Bartiromo, Robert De Niro, Francis Ford Coppola, Quentin Tarantino, John Krasinski, Lisa Kudrow, Frank Gehry, Gloria Steinem, Richie Sambora, Warren Buffett, Louis Chevrolet, Zooey Deschanel, Ellen DeGeneres, Paul Revere, Henry David Thoreau, Anthony Bourdain, Reese Witherspoon, Lucille Ball, Robert Downey Jr, Johnny Cash, Lyndon B, Johnson, Edgar Allen Poe, Malcolm X, Ulysses S, Grant, Andrew Jackson, Wilma Mankiller, John Herrington, Sitting Bull, Armie, Thomas Edison, Walt Whitman, Theodore Roosevelt, Jones, Jennifer Lopez, Joaquin Phoenix, Marc Anthony, Ricky Martin, Geraldo Rivera, Lance Armstrong, Sally Ride, Michelle Williams, Renée Zellweger, Mark Wahlberg, Buzz Aldrin, Matt Damon, Phil Mickelson, Mamie Eisenhower, Charles Lindbergh, Gold Rush, Ma, Lucy Liu, Alexander Wang, Derek Lam, Phillip Lim, Vera Wang, Christine Chen, Michelle Kwan, Dan Lin, Michael Bloomberg, Leonardo DiCaprio, Milla Jovovich, Sean Penn, Natalie Portman, Joan Rivers, Michelle Trachtenberg, Mindy Kaling, Kal Penn, Padma Lakshmi, Indra Nooyi, Aziz Ansari, Colin Powell, Rihanna, Lenny Kravitz, Tim Duncan, Jose Antonio Vargas, Bruno Mars, Monique Lhuillier, Rob Schneider, Hailee, Celine Dion, Angelina Jolie, Justin Theroux, Chelsea Clinton, Thomas Jefferson, Abraham Lincoln, Hillary Rodham Clinton, Jorge Posada, Desi Arnaz, Gloria Estefan, Narciso Rodriguez, Sabi, Christy Turlington, Carlos Hernández, Edward Said, Ralph Nader, Steve Jobs, Hala Gorani, Frank Zappa, Margaret Quigley, Tyga, Cung Lee, Eugene H, George W, Bush, Estée Lauder, Jason Mraz, Sissy Spacek, Milton Friedman, John Kerry, Paul Simon, Paul Newman, Louis CK, Kate Hudson, Steven Spielberg, Drew Barrymore, Calvin Klein, Teresa Heinz Kerry, Tony Coelho, Katy Perry, Tom Hanks, James Franco, Jamie Chung, Nelson Chai, Sandra Oh, Won Chang, Young Lee, Mary Kate, Ashley Olsen, Scarlet Johansson, Lars Ulrich, Metallica, Hanson, Iggy, Rafael Trujillo, Sammy Sosa, Junot Díaz, Oscar De La Renta, Alex Rodriguez, Zoe Saldana, Jennifer Aniston, Bob Costas, Tina Fey, John Stamos, George Papanicolaou Organizations: Census, Survey, Cornell West, Immigrants, Immigration, Canadian, Louisiana Creole, U.S, Scottish, -, East Coast, The New York Times, Dutch Immigrants, Puerto Rican Puerto Ricans, Puerto Ricans U.S, Citizenship, Puerto, Puerto Rican, Ireland, Dakotas, Gold, U.S ., Indian, Virgin, West Indians, Canadian French Canadian, Welsh Quakers, Cuban Cubans, Salvadoran, Puerto Ricans, Arab American Institute, American, Metro, Tri, San, Korean, Danes, Iggy Pop, European Union Locations: U.S, Indian, Alaska, West, America, Maricopa County , Arizona, Saharan Africa, slavesfrom West, Central Africa, Ireland, United States, New York, Boston, Philadelphia, Chicago, San Francisco, Los Angeles, Houston, Phoenix, San Diego, Dallas, San Antonio, Northwest, California, Louisiana, Suffolk County , New York, Buffalo, Detroit, Cleveland, Milwaukee, France, Louisiana , Massachusetts, Michigan, Scotland . California , Florida , Texas , New York, Ulster, Northern Ireland, New England, Appalachia, East, East Coast ., Scotch, New Mexico, South Dakota , Oklahoma, Montana, York City, New Amsterdam, Ohio, California , New York, Pennsylvania, Puerto Rican, Puerto Ricans, Florida , New Jersey, Manhattan, Europe, Norwegian, Midwest, Minnesota, Wisconsin, Iowa, , Minnesota, West Coast, Hawaii, New York City, Maryland, North Dakota, South Dakota, California , New York , New Jersey , Texas, Illinois, British West Indian, Dutch, Virgin Islander, . California, New York , Illinois, Texas, Quebec, Maine, French, Welsh, Morgan, Cuban, Florida, New Jersey, El Salvador, America . California , Texas , New York, Virginia, Long, Puerto, Egypt, Iraq, Jordan, Lebanon, Morocco, Palestine, Syria, Detroit , New York, Washington, Vietnam, Czech, Czech Republic, Texas , Illinois , Wisconsin , Minnesota, Nebraska, Hungarian, Portuguese, Metro Boston, Oakland, China, New York , New Jersey , California, California , Utah, Dominican Republic, Dominican Americans, New York , New Jersey , Florida , Massachusetts, Dominican, Greece
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