1434 ET - Robert F. Kennedy Jr. is pushing for governors to follow in West Virginia's footsteps by preventing people from spending food-aid benefits on soda. This proposal is creating noise for aluminum-can manufacturers Crown and Ball, but the impact on their business shouldn't be material, Jeffries analysts say in a research note. That's because Kennedy doesn't have the ability to push a mandate through at a federal level, meaning adoption would be implemented on a state-by-state basis. At the same time, the analysts note that only about 5.5.% of both Ball's and Crown's total sales come from SNAP (Supplemental Nutrition Assistance Program). "We estimate the impact for canmakers would be, at worst, a low-single-digit percent headwind in non-alcoholic beverage-can sales, and that is if all states were to ask for the waiver," they write. (connor.hart@wsj.com)
(END) Dow Jones Newswires
March 31, 2025 14:34 ET (18:34 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。