J.M Smucker earnings: Stock will be in 'penalty box' for a while
TD Cowen managing director Robert Moskow comes on Catalysts to talk about his takeaways from the earnings release and earnings call.
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Yahoo
a day ago
- Yahoo
A2 Milk acquires Yashili New Zealand Dairy from Chinese owners
A2 Milk Co. is buying an infant-formula business in its home market of New Zealand and plans to invest NZ$100m ($59.3m) to increase factory capacity. The New Zealand and Australia-listed company made a multi-faceted full-year results announcement today (18 August) that included the acquisition of a Yashili New Zealand Dairy-owned plant in Pokeno - located in the Waikato region – along with the sale of its majority stake in Mataura Valley Milk. A2 Milk said the Pokeno site already has two registrations for Chinese label infant milk formula (IMF), bolstering the company's current presence in a market that generates the majority of its annual revenue. In a stock exchange filing, A2 Milk implied the formula maker has also acquired Yashili New Zealand Dairy in the transaction, a business in which French dairy giant Danone took an interest in 2018/19. A spokesperson for A2 Milk clarified that was the case when asked for confirmation by Just Food today, as the company noted Danone is 'no longer a shareholder'. As part of what A2 Milk called its 'supply chain transformation strategy', the filing stated: 'The acquisition of an integrated nutritional manufacturing facility with two CL IMF product registrations, located in Pokeno, New Zealand, by purchasing all of the shares in Yashili New Zealand Dairy Co. Limited, from Yashili International Group Limited (a subsidiary of China Mengniu Dairy Group Limited) for approximately $282 million on a debt and cash free basis.' Just Food has also asked Danone to clarify when it exited its investment in Yashili New Zealand Dairy. A2 Milk's CEO and managing director David Bortolussi said: 'The acquisition of the Pokeno manufacturing facility and related products represents a pivotal moment for The A2 Milk Company and the execution of our supply chain transformation strategy. 'The transactions enable the company to build a better, higher growth, lower risk, end-to-end business and deliver substantial benefits to shareholders.' Bortolussi added that the Pokeno facility and its team had already played a part in 'co-developing and producing' A2 Milk's English label formulas, A2 Genesis and A2 Gentle Gold. As A2 Milk reported across-the-board increases in revenue and profits for the 2025 fiscal year, the company revealed it was selling its 75% holding in Mataura Valley Milk (MVM), an interest it bought in the local dairy nutrition business in 2021. Open Country Dairy, a New Zealand-based milk processor, is buying the stake along with the 25% held by China Animal Husbandry Group. A2 Milk said it will pocket NZ$100m from its side of the transaction. A2 Milk added it expects to incur a loss of around NZ$130m from the disposal. MVM will continue to supply A2 Milk with A1 protein-free ingredients under a new supply agreement. 'MVM is an advanced nutritional powder drying facility that continues to have significant potential but is no longer the optimal asset and pathway to achieve our strategic objectives,' Bortolussi said. Meanwhile, A2 Milk said the multi-year NZ$100m investment in the newly acquired Pokeno factory will lead to more than 100 new jobs over time. On the results front, A2 Milk reported a 13.5% increase in 2025 sales revenue to NZ$1.9bn. China and the wider Asia region generated NZ$1.3bn, up 13.9%. IMF products sold in China and Asia provided NZ$1.19bn, an increase of 12.4% over the previous 12 months. For A2 Milk as a group, EBITDA climbed 17.1% to NZ$274.3m, with the margin rising 0.4 percentage point to 14.4%. Net profit after tax rose 21.1% to NZ$202.9m, while basic EPS was up 20.9% at 28 cents. Looking ahead to 2026, A2 Milk expects revenue to grow in the high-single-digit area with an EBITDA margin of 15% to 16%. "A2 Milk acquires Yashili New Zealand Dairy from Chinese owners" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
4 days ago
- Yahoo
Sunday Swagger Announces Collaboration with Uncrustables® Brand
Performance golf and lifestyle apparel company teams up with iconic sandwich in new product drop YORBA LINDA, Calif., August 15, 2025--(BUSINESS WIRE)--Sunday Swagger, the performance golf and lifestyle apparel company that never sacrifices comfort for personality, today announced a new collaboration with beloved snack and lunchtime favorite Uncrustables Brand. Inspired by "The Best Part of the Sandwich®," the Sunday Swagger x Uncrustables Brand partnership intertwines the bold feel of Sunday Swagger with the fun and playful nature of Uncrustables. Starting today, customers will be able to snack on a new array of polos, t-shirts, golf towels and a hat that pay homage to the beloved classic. Crafted from a breathable, four-way stretch poly-spandex blend, these moisture-wicking, wrinkle-resistant polos provide UPF 40 sun protection—perfect to keep you cool and dry in summer heat. This new collection of tantalizing apparel features a color palette inspired by the delicious peanut butter and jelly Uncrustables. From vibrant swirls and the iconic gingham pattern to our new variation of the mascot with Swagger, this collection pays tribute to a true lunchtime icon. The new collection of polos will be available in men's, women's and youth sizing and are guaranteed to turn heads, spark conversation and may even stir up an appetite. This collaboration also features a white embroidered hat featuring Sunday Swagger's take on the Uncrustables Brand mascot, as well as a selection of golf towels, and crewneck shirt with the catchphrase "Snack, Swing, Repeat." "Whether you need a quick snack on the course, or are sitting at a lunch table with your friends, Uncrustables are the epitome of fun and fuel," said Sunday Swagger Founder Mark Carmona. "Our twist on the loveable mascot serves as a memorable graphic that repeats throughout the collection." Since its founding in 2019 by visionary entrepreneur Mark Carmona, Sunday Swagger has aimed to redefine and push the boundaries of golf fashion while attaining triple-digit growth each year. The company has created more than 300 distinctive and unique designs in men's, women's, and youth polos, t-shirts, hats and outerwear, and when a particular print sells out, Sunday Swagger quickly pivots to unveil new styles. Sunday Swagger's signature polos, including Splatter, Stylin', and The Gambler, have exploded over social media and have been seen on various celebrities. Sunday Swagger's loyalty membership community - The Sunday Club - provides members with exclusive access to new designs, free shipping, higher discounts, 10% cash back on purchases, and a free welcome gift ($20 annual fee). For more information and to order, visit and follow @sundayswagger on Instagram. The brand is now also available for affiliate programs via ShareASale and SkimLinks. This collaboration was brokered by Uncrustables licensing agency, Brand Central LLC. About Sunday Swagger Sunday Swagger is a vibrant apparel company that never sacrifices performance for personality. Existing to deliver a sense of confident style coupled with comfort and durability, Sunday Swagger crafts its products in its Southern California headquarters for aficionados of fun around the world. Its clothes are designed for maximum comfort with 4-way stretch, moisture-wicking, and breathable fabric guaranteed to turn heads and spark conversation. It's your Swagger. Embrace it. Own it. For more information, visit and follow @sundayswagger on social media. View source version on Contacts Media Contact:Samantha Chapman, samantha@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Yahoo
Barrington Lifts PT on Orthofix Medical (OFIX) to $17 From $16, Keeps an Overweight Rating
Orthofix Medical Inc. (NASDAQ:OFIX) is one of the . Barrington analyst Michael Petusky raised the firm's price target on Orthofix Medical Inc. (NASDAQ:OFIX) to $17 from $16 on August 6, keeping an Outperform rating on the shares. A surgeon using a bone growth stimulator device in a modern operating theatre. The analyst told investors in a research note that Orthofix Medical Inc. (NASDAQ:OFIX) reported strong fiscal Q2 results and affirmed its 2025 outlook, supporting the optimistic rating. Orthofix Medical Inc. (NASDAQ:OFIX) announced its fiscal Q2 2025 results on August 5, reporting net sales of $203.1 million for the quarter, representing a 2% growth on a reported basis and 4% on a pro forma constant currency basis compared to Q2 2024. U.S. Spine Fixation underwent a net sales growth of 5% and procedure volume growth of 7% compared to the same quarter last year, while Bone Growth Therapies' net sales reached $62.6 million, representing growth of 6%. Orthofix Medical Inc. (NASDAQ:OFIX) provides medical devices and operates through the Global Spine and Global Extremities business segments. Its Global Spine reporting segment encompasses three primary product categories: Bone Growth Therapies, Spinal Implants, and Biologics. While we acknowledge the potential of OFIX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
