Hostess Hurts Smucker's Earnings -- Market Talk

Dow Jones

Feb 28, 2025

1115 ET - Hostess is causing more headaches for its new owner, J.M. Smucker. The Ohio-based food giant says that it took two impairment charges tied to the business totaling more than $1 billion. Sales in Smucker's sweet-baked-goods unit, which includes Hostess, fell 7% in the company's latest quarter, which CEO Mark Smucker said reflected execution challenges and a more cautious consumer. Smucker said the rise of new weight-loss drugs aren't having a material impact on Hostess sales and pointed to challenges for convenience stores. "Gas prices have been elevated and so people are just having a bit less extra discretionary change in their pocket," Smucker said. (jesse.newman@wsj.com)

(END) Dow Jones Newswires

February 27, 2025 11:15 ET (16:15 GMT)

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Smucker. The Ohio-based food giant says that it took two impairment charges tied to the business totaling more than $1 billion. Sales in Smucker's sweet-baked-goods unit, which includes Hostess, fell 7% in the company's latest quarter, which CEO Mark Smucker said reflected execution challenges and a more cautious consumer. Smucker said the rise of new weight-loss drugs aren't having a material impact on Hostess sales and pointed to challenges for convenience stores. \"Gas prices have been elevated and so people are just having a bit less extra discretionary change in their pocket,\" Smucker said. 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Smucker. The Ohio-based food giant says that it took two impairment charges tied to the business totaling more than $1 billion. Sales in Smucker's sweet-baked-goods unit, which includes Hostess, fell 7% in the company's latest quarter, which CEO Mark Smucker said reflected execution challenges and a more cautious consumer. Smucker said the rise of new weight-loss drugs aren't having a material impact on Hostess sales and pointed to challenges for convenience stores. \"Gas prices have been elevated and so people are just having a bit less extra discretionary change in their pocket,\" Smucker said. (jesse.newman@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 27, 2025 11:15 ET (16:15 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SJM","symbol_name":"斯马克","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2514382960","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514382960","pubTimestamp":1740672900,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1115 ET - Hostess is causing more headaches for its new owner, J.M. Smucker. 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(jesse.newman@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 27, 2025 11:15 ET (16:15 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}