Heinz makes plans as ketchup becomes the new pandemic shortage item Apr. 06, 2021 10:52 AM ETThe Kraft Heinz Company (KHC) Forget about toilet paper, hand sanitizer and semiconductors, restaurants are having trouble securing enough ketchup. With the COVID-19 pandemic turningmany sit-down restaurants into takeout businesses, packet prices have risen 13% since January 2020, according to restaurant platform Plate IQ. Some stores can't even get their hands on enough of the condiment,WSJreports, with managers using generic versions, dishing out bulk ketchup into single-serve cups or seeking secondary suppliers due to the demand. Backdrop:Ketchup is the most used table sauce in the U.S., logging over $1B in U.S. retail sales during 2020, about 15% higher than 2019. Around 300K tons of the tomato condiment were sold to restaurants last year and recentCDC guidelines could be exacerbating the situation. "As restaurants and bars resume and continue operations... Avoid using or sharing items that are reusable, such as menus, condiments, and any other food containers. Instead, use disposable or digital menus (menus viewed on cellphones), single serving condiments, and no-touch trash cans and doors." How is the ketchup king handling the situation?Kraft Heinz(NASDAQ:KHC)holds nearly 70% of the U.S. retail market for the condiment, but it was caught off guard by the pandemic. "Restaurants need patience" while the company ramps up supply, said Steve Cornell, President of Enhancers, Specialty and Away from Home Business Unit. "We're busy doing everything we can." Go deeper:To deal with the shortage, Heinz is planning new manufacturing lines, including two this month and more after that. The goal is increasing production by 25% to bring the total of ketchup packets produced per year to 12B. The firm is already running extra shifts at plants, and cut back on some sauce varieties to focus on single-serve packets. Heinz also came up with a no-touch ketchup dispenser to help meet demand for alternatives to shared bottles. "Kraft Heinz generated 6.5% organic sales growth in 2020," writes Julian Lin, "but can it continue? so much plastic- why can"t good natured or DNMR supply these packets?
Your Goals- to run faster Features- I'd like a beach and a beautiful girl Pricing-I'll pay anything Resources- GBA portfolio Way We Do and Matterport: The Ultimate Show & Tell- welcome stoney please put on your helmet. Thank You. How far would you like to run today... Embed in a 360-degree Matterport Virtual Tour seamlessly into your policies, procedures and processes in Way We Do. Walk-through your own mind. Find things left behind. Training guide of your business. Or your pleasure. Ok I'm ready : Helmet on. I'm running./ I can't keep up.! She's stretching. / She stopped. I'm getting there! Almost there! No- she's running again No! NO!! I can't keep up.... I'm so tired. I won't stop. I'm still running. She's fading from view.
Dave Portnoy tweets regarding decline in Penn National shares 13:04 PENN Dave Portnoy, founder of Barstool Sports and owner of "a ton of Penn Stock," said via a Tweet: "Wait $penn is dropping cause I have a sex tape? Are you kidding me. Ps - It's a federal crime to watch or post it." Penn National has an investment in Barstool Sports and is the operator of the Barstool Sportsbook app. Reference Link PPS: But you can hand it off to friends in a bar no problem. Dave... Chaps really????
I know you get mad at me when I say things like this, and my razzing you about MGM was more for fun, but I honestly think DriveShack isn't going anywhere fast. Ya know they only have like 4 of those driving-range/party-spots. The rest is golf courses. It takes a lot of money to run a golf course. I looked at their last 16 quarters. They lost money on every one except the last one. Now that said, as with any good story stock, they may get a pop from a news article saying how cool their driving-ranges are, or maybe they sell-off some golf courses for development which is a far better use imo (and that of Al Czervik) and pay down some of that $90MM debt. They have a long term debt/equity of over 600 Stoney. Sell that dog.