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☆ Despite Ozempic and RFK Jr., Uncrustables and Twinkies believe ‘very strongly that snacking continues’
▼ + stars: | 2024-11-28 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

But the owner of Twinkies and Uncrustables is predicting that nothing will be able to stop America’s insatiable hunger for snacks. “As it relates to anything in the political domain, we believe very strongly that snacking continues,” J.M. Food companies aren’t betting on Kennedy and the Trump administration to influence their businesses and Americans’ eating habits. Daniel Acker/Bloomberg/Getty ImagesSmucker believes that its food brands’ appeal and Americans’ craving for snacks will outweigh any changes Kennedy may bring. The brand includes meals high in protein and fiber that are “intended to be a companion for GLP-1 weight loss medication users and consumers focused on weight management.”

Persons: Robert F, Kennedy Jr, snacking, ”, Mark Smucker, Kennedy’s, Kennedy, Donald Trump, Kennedy “, ” Alexia Howard, Bernstein, General Mills, Kellogg, Kraft Heinz, Trump, ” Marion Nestle, Daniel Acker, Smucker, Biden Organizations: New, New York CNN, “, Health, Human Services Department, Assistance, Pepsi, General, Trump, US Senate, New York University, CNN, Bloomberg, Getty, Research Locations: New York, Smucker, Tiskilwa , Illinois, U.S, Switzerland

But based on the information collected, it’s safe to say that NFL teams go through anywhere from 3,600 to 4,300 Uncrustables a week. When you factor in training camps and the teams that did not share their data, NFL teams easily go through at least 80,000 Uncrustables a year. Sometime in the mid-90s, Len said, his wife, Emily, suggested he create a mass-produced peanut butter and jelly sandwich without the crust. That was our gee-whiz moment.”We’re not recreating the atomic bomb here... we’re trying to make a peanut butter and jelly sandwich. Squished, unsquished, you’re gonna crush it.”They are now a staple for many NFL teams.

Persons: Brock Purdy, Andy Reid, Len Kretchman, Len, Emily, Kretchmans, ” Len, “ We’re, Len Kretchman’s, ”, Kretchman, “, ” Kretchman, gee, we’re, Uncrustables Kretchman, David Geske, Smuckers, Dallas Clark, ” Clark, Jon Torine’s, Jeff Saturday, scorin, George Kittle, Mike Danna, Justin Tucker, Travis Kelce, Travis Kelces, ” Torine Organizations: NFL, JAX, BAL, LAR, KC, DAL, North Dakota State, Pro, Indianapolis Colts, Colts, Chicago Bears, San Francisco 49ers, Chiefs, Ravens, XLI, Bears Locations: Fergus Falls, Minn, Miami, Uncrustables Torine

☆ Jim Cramer names packaged food stocks likely to do well in a slower economy
▼ + stars: | 2024-06-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Friday named packaged food stocks that might be good additions to portfolios, especially if the economy is headed for a slowdown. "For example, the packaged food plays." According to Cramer, Campbell Soup reported solid earnings but weaker guidance, due in part to its pricey acquisition of pasta sauce maker Sovos Brands. He stressed that the whole packaged food group usually does well in a slowdown and suggested also looking into Tyson Foods , Hormel , General Mills , Conagra and Kellanova . "Ultimately, I feel incrementally more positive on the packaged food space after hearing from Campbell's and Smucker," he Cramer said.

Persons: CNBC's Jim Cramer, Campbell, We've, Cramer, Smucker, General Mills, Campbell Soup Organizations: Campbell Soup, Sovos Brands, Tyson Foods Locations: Conagra

☆ J.M. Smucker is buying Twinkies maker Hostess for $5.6 billion
▼ + stars: | 2023-09-11 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Hostess, the maker of Twinkies and Ho Hos, is being purchased by J.M. Hostess stockholders will get $30 in cash along with .03002 shares of Smucker’s stock for each Hostess share they own, with the deal expected to close in 2024. Hostess was founded in 1919 and started making Twinkies in 1930. It filed for bankruptcy in January 2012, and stopped making its products, including Twinkies, in November of that year during a strike by Bakery Workers union. The firms of Apollo Global Management and C. Dean Metropoulos & Co. returned Twinkies to store shelves in July 2013 after acquiring the asset from Hostess.

Persons: “, Andy Callahan, Ding Dongs, Smucker, Dean Metropoulos Organizations: New, New York CNN, J.M, ”, Bakery Workers, Apollo Global Management, Co, Hostess Locations: New York, Ho

☆ Smucker's has found a return-to-office solution that workers seem to like — in-person work for only 22 weeks a year
▼ + stars: | 2023-08-30 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

Smucker has an RTO policy that requires workers to be on-site only during 22 "core" weeks. The Smucker model appears to be a hit with workers, who can live anywhere as long as they return for "core" weeks. Amazon's CEO Andy Jassy just told employees it was "past" time to commit to its return-to-office mandate of three days a week. Last week, Goldman Sachs told more of its workers to start coming into the office five days a week. Facebook/JifThe company has about 6,000 employees worldwide, but the "core" weeks program is targeted at the 1,300 corporate workers based at its Orrville headquarters.

Persons: Smucker, Andy Jassy, Goldman Sachs, Zoom, Uncrustables —, didn't, Smucker's, they're, Nicole Massey, Massey, Mark Smucker, Lakshmi Organizations: Service, Wall Street, Employees Locations: Orrville , Ohio, Wall, Silicon, San Francisco, Bay, Akron , Ohio, Lakshmi Varanasi, lvaranasi

☆ Why Americans are obsessed with peanut butter
▼ + stars: | 2023-07-14 | by ( Natalie Rice | ) www.cnbc.com time to read: +9 min

Skippy was the leading peanut butter brand in the U.S. until 1980, a title that now belongs to Jif. Pond, that became the first brand to commercially develop peanut butter in 1920, sparking the way we eat peanut butter today. "We've launched certain innovations specifically in Asian markets to help enable that type of cooking use for peanut butter. Domestically, Americans eat an average of 4.25 pounds of peanut butter per capita, a figure that increased temporarily during the Covid-19 pandemic, according to the National Peanut Board. As the family came together in the middle of the day, we saw that it introduced this love and affection for peanut butter to children who will hopefully carry that love and affection for peanut butter into [their] lifetime," he added.

Persons: Skippy, Joseph Rosefield, Peter Pan, Matt Smith, Circana, Costco's Kirkland, Smucker's, Jif, Smith, Rebecca Scheidler, they've, Ryan Christofferson, Christofferson, aren't, they're, Bob Parker, It's, it's, We've, Parker, Domestically, —, Scheidler Organizations: Equity Research, Stifel Financial Corp, Hormel Foods Corp, Post, Holdings, Foods, Hormel Foods, Spam, Unilever, Peanut Board, FDA, Hormel, National Peanut Board Locations: Jif, U.S, Chicago, Smucker, Uncrustables, Longmont , Colorado, McCalla , Alabama, Mexico, Canada, China

☆ What’s in Your Bag or Briefcase? Smucker CFO Wants It to Include Uncrustables Sandwiches
▼ + stars: | 2023-06-20 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

[1/3] Packaged food for sale is seen on shelves at a Dollar Tree in Islandia, New York, U.S., May 12, 2023. Razor manufacturer Edgewell Personal Care Co (EPC.N) and Kraft Heinz Co (KHC.O) have overhauled or built new teams dedicated to working with the biggest U.S. dollar stores like Dollar Tree Inc (DLTR.O) and Dollar General Corp (DG.N) in the last year. Makers of food and household staples are pushing deeper into dollar stores because the low-cost retailers are opening thousands of locations each year. Griffin added that dollar stores are also introducing more "premium" private label brands, like Dollar General's Nature's Menu for pets. Kraft-Heinz also created a new team of five people late last year to identify and develop products for dollar stores, a spokesman said.

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