Latest news with #Milk-Bone
Yahoo
10-06-2025
- Business
- Yahoo
J.M Smucker earnings: Stock will be in 'penalty box' for a while
The J.M. Smucker Company (SJM) — which owns consumer brands like Jif peanut butter, Uncrustables, Hostess, Folgers coffee, and Milk-Bone dog treats — is seeing shares drop Tuesday morning after disappointing investors on its fiscal full-year 2026 guidance. The snack brand reported mixed fiscal fourth quarter 2025 results, topping earnings estimates and falling the slightest bit short of revenue forecasts. TD Cowen managing director Robert Moskow comes on Catalysts to talk about his takeaways from the earnings release and earnings call. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. J.M. Smucker sinking after issuing disappointing guidance for fiscal year 2026, the maker of Folders coffee and Jif peanut butter reporting mixed results for the fourth quarter, with net sales declining 3% from a year earlier. Joining me now, Robert Moscow. He is TD Cowen's managing director. Moscow, so sorry about that. Thank you so much for joining us. Talk to me about how you are viewing these results. The stock right now having its biggest drop since 2006. Why is there such a negative reaction? Um, well, the the big uh, uh negative news here was coffee. Um, we and I think the street expected the company to guide coffee to flat profits for for fiscal 26. Uh, they have to raise prices a lot to offset higher uh, input green coffee costs and and even some tariffs. But in the past, they've done a very good job of of uh, keeping profits somewhat stable as they raise price and and managing elasticity. But this guidance is for over a hundred million dollars of a profit gap on coffee. Uh, so downs substantially in fiscal 26. And that's tough for investors to swallow. It certainly is, but it's also tough for them to swallow the price increases that we've seen with regards to coffee, especially given that we haven't even fully seen the impact of tariff policy yet. I I'm curious if you can talk a little bit about what Smuckers could have done, if anything, to prevent some profit squeezes off the back of that. Um, well, I I, you know, the coffee input costs are out of their control, but what they're going to do is raise prices in May and then they're going to raise prices again in August, and the cumulative impact is going to be about 20% to the consumer. Uh, they're expecting a 10% volume decline from these actions. Uh, that's a historical relationship for elasticity. Uh, my question on the call was, why so glum? Uh, one month into the fiscal year, volume's actually up in our retail tracking data, and uh, there must be something that they see uh, coming through in the next several months that will hurt that data and and and they must be able to they must see something that there's there's a mismatch that we can't tell in our data. Did you get a sense of what that is? Um, some of it's timing, you know, the the the costs come in first and then the pricing comes in after. They say by the end of the year, uh they that their pricing actions will offset the the cost. So maybe that sets up for a fiscal 27, uh which they say will return to normal uh for them in terms of their growth algorithm. It makes me wonder too. One of the notes I saw from analysts this morning indicated that they have a history, this company, of being a little too cautious when it comes to guidance, and you also said the same. Why so glum? Do you think there's any chance that this is just sort of their approach to moments of volatility, to be more cautious in their signaling to Wall Street and then later surprise to the upside, or do you think it's something more sinister this time? Yeah, I I think it's possible. Um, I wrote it in my report that uh my first impressions that, you know, they do have a tendency to be very conservative in their guidance. And in fact, if you look at fiscal 25, the year they just finished, a lot of companies missed numbers, they they did not miss numbers. Um, but I I think the stock's going to be in the penalty box for a while here until uh there's more until there's more proof that this price cost relationship with coffee is working to their advantage or at least not as bad as it looks. Um, and then they also have to get past the lingering um overhang on the stock from the hostess acquisition. Uh their capital allocation history has been very spotty. Uh they overpaid for hostess, they just took uh about a billion dollars of a of a charge on that, and they guided hostess even lower than what they uh what they thought the the business would do just a few months ago.
Yahoo
10-06-2025
- Business
- Yahoo
J.M Smucker earnings: Stock will be in 'penalty box' for a while
The J.M. Smucker Company (SJM) — which owns consumer brands like Jif peanut butter, Uncrustables, Hostess, Folgers coffee, and Milk-Bone dog treats — is seeing shares drop Tuesday morning after disappointing investors on its fiscal full-year 2026 guidance. The snack brand reported mixed fiscal fourth quarter 2025 results, topping earnings estimates and falling the slightest bit short of revenue forecasts. TD Cowen managing director Robert Moskow comes on Catalysts to talk about his takeaways from the earnings release and earnings call. To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
Miami Herald
29-05-2025
- Business
- Miami Herald
Beloved snack cake maker closing factory
Everyone knows JM Smucker, aka Smuckers, for its jelly and peanut butter spreads, but over the years, the company has also become a leader in the snack aisle. The Ohio-based food giant has added a lineup of household brands to its shelves, including Milk-Bone (for pets), Folgers coffee, Jif peanut butter, and most recently, Hostess snack cakes. Don't miss the move: Subscribe to TheStreet's free daily newsletter You know, the same Twinkies, HoHos, and Ding Dongs that filled generations of lunchboxes and satisfied late-night cravings? In 2023, Smucker gobbled up Hostess Brands in a $5.6 billion deal, betting big on the appeal of sweet snacks, despite the growing popularity of healthier and less sugary foods in the U.S. But even amid that big investment, the company has been working to consolidate operations, and that means making some difficult choices. Smucker announced it will close its Hostess snack cake plant in Indianapolis in 2026, ending almost 70 years of operations there. The plant has produced the most popular Hostess treats for decades. Smucker did not explain why it selected the Indianapolis site for closure, but it's an older facility that may require significant investment to update. "This decision continues the ongoing work to ensure our manufacturing network is optimized to mitigate costs and reduce complexity in support of the execution of our Sweet Baked Snacks strategy, which is focused on stabilizing the Hostess business and positioning it for long-term growth," said Senior Vice President Judd Freitag in a statement. Related: Beloved Mexican restaurant closing iconic location after 63 years Smucker did not disclose how many employees will be affected by the closure, but around 260 people work in the Indianapolis location. The company says it plans to shift production to other facilities in its network and will sell the Indianapolis facility by the end of calendar year 2026. There is a broader trend in the food and beverage industry of identifying ways to trim costs. Inflation is squeezing consumer budgets, and they are cutting back on discretionary spending, which includes everything from travel and restaurant meals to non-staple groceries like sweet snacks. Some companies are choosing to close existing locations instead of retrofitting them. So far this year, PepsiCo, Conagra Brands, Post Holdings, and Brown-Forman have all announced plant closures or restructurings. In each case, the companies cited rising costs, the need for operational simplicity, and a shift toward long-term sustainability. Labor costs, ingredient price volatility, and shifting consumer habits are also contributing to the closure trend. More Food: Applebee's brings back all-you-can-eat deal to take down Chili'sPopular Mexican chain reveals surprising growth plansStarbucks CEO shares plan for a whole new menu Shoppers are more frequently visiting discount retailers and buying more private-label brands such as those from Costco and Trader Joe's. These habits pressure large food manufacturers to rethink how they produce, ship, and market their products. Smucker is committed to stabilizing and growing its snacks business, and the Indianapolis closure may be one way to simplify logistics so the brand can remain profitable, even as consumer spending tightens. Related: Nutella adds a new flavor few saw coming The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Los Angeles Times
21-05-2025
- Entertainment
- Los Angeles Times
‘Cheers' was fiction, but Norm was for real
I was never a fan of pleasantries because they seemed like a waste of time. Something that two people said to each other before they could say real things to each other. As years go by, more and more of our verbal interaction has taken the form of extended pleasantries. Little, it feels, that people say to each other is real. It's about how they wish to look, how they can best position themselves, agenda. That's one reason I always loved the character of Norm Peterson on the sitcom 'Cheers,' played by George Wendt, who has now cashed out his tab at the age of 76 and left this earthly barroom for one where I hope the kegs never run dry. Norm was universal from the first time he entered the hostelry — as perpetual student and not-very-effective waitress Diane Chambers would have put it. There was no more artful ingress in the history of American television than any of the many made by Norm, and they were so good, and had so much room for variability, that we got to witness one in every episode of the show. You know the gag: Norm comes through the door, ready for a cold beer, someone asks him how he's doing, and he answers. But there's more to it than that, isn't there? I'm hesitant to even call the gag a gag, because it's replete with a quality increasingly rare in our world: authenticity. Norm doesn't treat the inquiry — 'How's the world treating you, Norm?' — as perfunctory pleasantry. Which is what we almost always do. In one episode, his response is, 'It's a dog-eat-dog world, and I'm wearing Milk-Bone underwear.' A query of 'What's shaking?' prompts a reply of 'All four cheeks and a couple of chins.' But in real life, when someone asks us how we are, we say, 'Good, and you?' The truth is, we've just answered automatically, without a single thought, and we're unlikely to be listening to whatever answer the other person gives us. But what an amazing idea it is to ask someone how they are and care about the answer. To be invested in their well-being from the start. To jettison pretense and formality. And how subversive it is to treat another's tossed-off query as though they cared. Maybe that shifts us all toward paying attention. Norm always answered truthfully. He gave his interlocutor — and the patrons of the bar who enjoyed his quips — a tart response peppered with wit. But he was also willing to go there. And where's that? To a place of being humble. Of admitting to struggle. Now, Norm's life might not have seemed arduous. He owned a house, had a wife who stood by him although he spent his evenings with the gang at Cheers — often dodging her phone calls. He didn't work that much when he worked at all. In a world that's now rammed with loneliness, it's easy to watch Norm and think, 'I wish I had what that barfly had.' Norm has people. He's both liked and loved. Times change. I don't think you could have a Cheers-type setup in our current iteration of life, but maybe you never could have one without sitcom magic. Shows idealize. But there's truth and wisdom in both 'Cheers' and Norm, without whom Cheers wouldn't have been Cheers. And we can still wish. We must. In 'Crime and Punishment,' Dostoevsky wrote that everyone needs a somewhere. A somewhere can be a someone. It's what helps us to be ourselves. Naked and open. Emotionally. Spiritually. Norm never felt a need to embellish. He owned his struggles — what may have been his depression. His failings. He dished out the bons mots with each entrance like he was a thirsty Pascal who paid for his drinks in pensées, which made him an inspiration. The gag never became less efficacious. It was the sitcom analogue to Conan Doyle's 'the trick,' the term for when Sherlock Holmes would dazzle Dr. Watson by telling him everything about someone just by looking at their walking stick. I remember watching Norm when I was 8 and even then thinking he was cool. This wasn't a star athlete. He could have lived across the street. He blew me away — as he made me laugh — simply by being brave enough to tell the truth about where he was at. With Norm, the quotidian was never just the quotidian. It's like in baseball: Everyone says in May that it's early in the season, it doesn't matter, but all the games still count as much as any of the other games. That's how Norm lived, and we have George Wendt to thank for Norm's example, because you can't imagine anyone else in the part. As to the question of how the world was treating Norm, I think the answer lies somewhere in how Norm understood what was important in the world. That's worth a round on the house. Colin Fleming is the author, most recently, of 'Sam Cooke: Live at the Harlem Square Club, 1963.'
Yahoo
23-04-2025
- General
- Yahoo
Town of Tonawanda Police Department receives donated therapy dog
BUFFALO, N.Y. (WIVB) — The Town of Tonawanda has a new puppy on patrol, but she won't be sniffing out bombs or drugs. Instead, she'll be used as a therapy dog for officers and the public. The donation came from the nonprofit, Hope Rises. Local treat company, Milk-Bone also offered food for the English Bulldog, and WNY Heroes is training her free of charge. Her name is Lucy, which is a nod to former Town of Tonawanda Police Lt. Christine Milosich, who died at the age of 39 in 2021. Milosich had piercing blue eyes, and Saint Lucy of Syracuse is the patron saint of the blind. After training is complete, residents will see Lucy in the public. Watch the interview above for more information from her handler, Det. Michelle McCormick, along with Capt. Joseph Milosich. Kelsey Anderson is an award-winning anchor who came back home to Buffalo in 2018. See more of her work here and follow her on Twitter. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
