Latest news with #naturalfoods
Yahoo
5 days ago
- Business
- Yahoo
PepsiCo to rebrand Lay's, Tostitos without artificial dyes, flavors
By Jessica DiNapoli and Juveria Tabassum (Reuters) -PepsiCo is planning to highlight what will no longer be in its potato or tortilla chips - artificial colors or flavors - when it re-launches its Lay's and Tostitos brands later this year, executives said on Thursday. The overhaul for the company's top-selling snack brands comes as U.S. Health Secretary Robert F. Kennedy Jr. pushes Americans to eat "whole foods" and pressures manufacturers to ditch dyes. U.S. food makers have been announcing plans to remove dyes from their products and introduce new ones without the colors under pressure from Kennedy and the Make America Healthy Again (MAHA) social movement backing him. "We're trying to elevate the real food perception of Lay's. If you think about the simplest and most natural snack, it is a potato chip; it's a potato, it's oil, and it's a little bit of salt—the most simple, no artificial ingredients," said CEO Ramon Laguarta in a call with investors. The company also said it was expanding use of avocado and olive oil across its brands, rather than the canola or soybean oil it uses. The MAHA movement has questioned the health benefits of certain food oils. In April, PepsiCo said it planned to migrate its entire portfolio to natural colors, or give consumers the option to have a product without a synthetic dye. Its Cheetos snacks and Gatorade drinks rely on synthetic dyes for their bright hues. It already offers Lay's and Doritos without artificial colors or flavors under its Simply segment. 'The Simply line extension for existing chip brands is still in early innings - consumers have not engaged so far, and given that, it will be seen how consumers react to a rebranding of Lay's and Tostitos over the next couple of quarters,' said Christian Greiner, F/m Investments senior portfolio manager. COSTLY PREMIUM PRODUCTS? The soda pop maker also said on Thursday it would use sugar in its products like Pepsi beverages if consumers want it. On Wednesday, President Donald Trump said Coca-Cola will start using cane sugar in its beverages in the U.S., a dietary preference of Kennedy's MAHA movement. Both Pepsi and Coke use high-fructose corn syrup for their sodas, which is generally more cost-effective. The moves come at a time when packaged food companies like PepsiCo are seeing consumers reel in their spending after the industry raised prices over the years since the COVID-19 pandemic to shield their margins. PepsiCo has been offering more products at lower price points and smaller pack sizes in its food segment to meet the demand for affordable snacks. "While there is clearly demand for cleaner ingredients in food and beverage products, it remains to be seen if consumers will be willing to pay up for these more premium products, especially in today's inflationary environment and more price-sensitive consumer base," said Arun Sundaram, analyst at CFRA Research. Laguarta also said on Thursday the company would be entering the "liquid protein" space, as protein shakes grow increasingly popular. He also said the company would be adding protein options to its popcorn brand PopCorners and Quaker snacks. Solve the daily Crossword
Yahoo
5 days ago
- Business
- Yahoo
PepsiCo to rebrand Lay's, Tostitos without artificial dyes, flavors
By Jessica DiNapoli and Juveria Tabassum (Reuters) -PepsiCo is planning to highlight what will no longer be in its potato or tortilla chips - artificial colors or flavors - when it re-launches its Lay's and Tostitos brands later this year, executives said on Thursday. The overhaul for the company's top-selling snack brands comes as U.S. Health Secretary Robert F. Kennedy Jr. pushes Americans to eat "whole foods" and pressures manufacturers to ditch dyes. U.S. food makers have been announcing plans to remove dyes from their products and introduce new ones without the colors under pressure from Kennedy and the Make America Healthy Again (MAHA) social movement backing him. "We're trying to elevate the real food perception of Lay's. If you think about the simplest and most natural snack, it is a potato chip; it's a potato, it's oil, and it's a little bit of salt—the most simple, no artificial ingredients," said CEO Ramon Laguarta in a call with investors. The company also said it was expanding use of avocado and olive oil across its brands, rather than the canola or soybean oil it uses. The MAHA movement has questioned the health benefits of certain food oils. In April, PepsiCo said it planned to migrate its entire portfolio to natural colors, or give consumers the option to have a product without a synthetic dye. Its Cheetos snacks and Gatorade drinks rely on synthetic dyes for their bright hues. It already offers Lay's and Doritos without artificial colors or flavors under its Simply segment. 'The Simply line extension for existing chip brands is still in early innings - consumers have not engaged so far, and given that, it will be seen how consumers react to a rebranding of Lay's and Tostitos over the next couple of quarters,' said Christian Greiner, F/m Investments senior portfolio manager. COSTLY PREMIUM PRODUCTS? The soda pop maker also said on Thursday it would use sugar in its products like Pepsi beverages if consumers want it. On Wednesday, President Donald Trump said Coca-Cola will start using cane sugar in its beverages in the U.S., a dietary preference of Kennedy's MAHA movement. Both Pepsi and Coke use high-fructose corn syrup for their sodas, which is generally more cost-effective. The moves come at a time when packaged food companies like PepsiCo are seeing consumers reel in their spending after the industry raised prices over the years since the COVID-19 pandemic to shield their margins. PepsiCo has been offering more products at lower price points and smaller pack sizes in its food segment to meet the demand for affordable snacks. "While there is clearly demand for cleaner ingredients in food and beverage products, it remains to be seen if consumers will be willing to pay up for these more premium products, especially in today's inflationary environment and more price-sensitive consumer base," said Arun Sundaram, analyst at CFRA Research. Laguarta also said on Thursday the company would be entering the "liquid protein" space, as protein shakes grow increasingly popular. He also said the company would be adding protein options to its popcorn brand PopCorners and Quaker snacks. 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
- Business
- Yahoo
‘Amazon killed us': Bumpy's natural foods in Springfield to close by end of July
SPRINGFIELD — Faced with online competition and suppliers less willing to deal with a smaller retailer, Derryl Gibbs will close his Bumpy's Natural and Organic Foods at the end of July. 'Amazon killed us,' Gibbs said by phone Tuesday. 'The average shopper today, the common shopper, is an online shopper. ... I need people to push carts.' Shoppers looking for vitamins, nutritional supplements, and health and beauty products increasingly turned online, he said. That makes it even harder for Bumpy's to keep selling food, given the existing competition from in-person, high-volume retailers like Big Y and Stop & Shop. What's more, suppliers started selling direct to consumers and requiring shops like his to buy in bulk. There was no way he could comfortably order $2,000 to $3,000 worth of goods to satisfy minimums, he said. Gibbs got the nickname 'Bumpy' from the food allergies that led him to seek out natural nutrition. He was in business in Granby and Agawam before opening in Springfield in 2019, just before the pandemic hit. It was, he said, the first Black-owned natural and organic food store in the region. Bumpy's received a $75,000 award from the city's American Rescue Plan Act funding in April 2022. But Gibbs noted that other businesses received more funding. Regardless, he thanked the community. 'I love, love, love, my customers,' he said. 'The support we got from the neighborhood has been great.' But it just wasn't enough. Prices are half off for the going-out-of-business sale. There were a few customers Tuesday, but shelves were clearly emptying. Stories by Jim Kinney Mass. solar industry still seeing bright days, but says 'Big Beautiful Bill' will cast a shadow Northampton gives up on stalled Calvin deal, puts liquor license back into circulation Mercy Medical Center nurses ratify contract; raises they say will help patient care Read the original article on MassLive. Solve the daily Crossword
CTV News
07-07-2025
- Business
- CTV News
Kardish Health Food stores closing all Ottawa locations
The Kardish Food Centre location on Merivale Road. The retailer announced it will be closing its last two locations in Ottawa. (Google Maps) Ottawa-based Kardish Health Food Centre has announced it will be closing all its remaining locations after nearly five decades in business. The health food retailer that once operated at least six locations in the nation's capital said changes in consumer behaviour in the natural food industry and 'increased competition' have made its business model unsustainable. The company's owners Robert and Melinda Assaf announced the closure in a letter to members. 'Despite our best efforts and numerous initiatives to adapt to the changing retail landscape, the reality is that our business has been struggling for several years,' the Assafs wrote. The retailer has already closed most of its locations and will soon be shutting down its remaining stores on Merivale Road and on Innes Road in Orléans at a later date. Opened in 1979, the stores offered a wide range of healthy products, including bulk items, vitamins and natural foods. The company acknowledges customers may have noticed 'challenges' while shopping at its stores in recent months. 'We know our stores haven't been fully stocked, and because of this we haven't been able to provide you with the exceptional customer experience that Kardish has been known for over the decades,' the owners said. 'We are deeply grateful for your patience and loyalty during this difficult period, and we sincerely apologize for any inconvenience this may have caused.' The closure will also mean the end of Kardish-brand products. 'We know how much many of you have come to rely on and love these products that we've spent years developing and perfecting. The strong following you've shown for our Kardish brand items has been a source of tremendous pride for us,' the owners said. The company says long-term staff have chosen to stay working 'until the very end.' The remaining stores will be offering discounts and special offers on remaining items, including 'member appreciation pricing' until all its inventory is gone. 'Thank you for trusting us with your health and wellness needs, for supporting our family business, and for being part of our story. While this chapter is ending, the relationships and memories we've made will last forever,' the letter read.
Yahoo
21-06-2025
- Business
- Yahoo
United Natural Foods, Inc. (UNFI) Announces Q3 2025 Results; BMO Capital Lowers PT
United Natural Foods, Inc. (NYSE:UNFI) is among the . An assembly line of automated machines packing a variety of plant-based foods and beverages. The company reported strong results for Q3 2025 with a 7.5% increase in sales and a 21% growth in adjusted EBITDA. Meanwhile, an IT breach was announced that disrupted the company's operations. As a result, United Natural Foods, Inc. (NYSE:UNFI) has withheld updated guidance until the company finalizes the full financial impact of the event. Due to the disruption outweighing the strong financial results, BMO Capital lowered its price target on UNFI from $32 to $25, maintaining a 'Market Perform' rating. This cautious stance highlights concerns over sluggish momentum due to the cyber incident. Nevertheless, the company's adjusted EBITDA guidance of $157 million, along with strong performance in the wholesale natural product segment, underscores its resilience, and the segment's sales also rose 12% in the quarter, making it one of the best future food stocks. United Natural Foods, Inc. (NYSE:UNFI), operating through wholesale and retail segments, distributes natural, organic, and clean-label products, establishing itself in the health-conscious consumer market. While we acknowledge the potential of UNFI 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: 10 Best Marketing Stocks to Buy Right Now and . Disclosure: None. Effettua l'accesso per consultare il tuo portafoglio
