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)
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