With substantial demand, investors should keep an eye on plant-based snack bar stocks, such as Simply Better Brands (TSXV: SBBC) (OTCQB: SBNCF), General Mills (NYSE: GIS), Kellanova (NYSE: K), Mondelez International (NASDAQ: MDLZ) and Hershey (NYSE: HSY). For one, the market – valued at $2.73 billion in 2022 – is expected to grow to more than $14.88 billion by 2030, according to Grand View Research. Two, demand is only set to explode as more consumers focus on health and wellness.
As also noted by Grand View Research, “With the rise in chronic health conditions such as obesity, diabetes, and heart disease, many people are looking for healthier snack options that can provide them with the nutrients and energy they need to stay healthy. Plant-based bars are a good source of protein, fiber, and healthy fats, and they often contain fewer calories and less sugar than traditional snack bars.”
Look at Simply Better Brands (TSXV: SBBC) (OTCQB: SBNCF), For Example
Simply Better Brands Corp. just announced it has initiated the rollout of TRUBARTM in select Sam’s Club warehouse stores across the U.S., a key strategic addition in expanding the brand’s North American distribution footprint with key retailer partners.
The launch of TRUBARTM earlier this month at Sam’s builds on a successful initial launch of the brand online samsclub.com.
“Securing distribution of TRUBARTM in Sam’s Club stores is another key addition to our growing presence in the warehouse channel which plays a critical role in building brand trial and awareness,” said Erica Groussman, Co-Founder & Chief Executive Officer of TRUBARTM. “We look forward to introducing TRUBARTM to the Sam’s customers both in-store and online.”
Other related developments from around the markets include:
General Mills reported results for its fiscal 2025 second quarter. “We made important progress accelerating our volume growth and market share trends in the first half of the year, including returning our North America Pet business to growth,” said General Mills Chairman and Chief Executive Officer Jeff Harmening. “To achieve and build on these enterprise-wide gains, we’ve made incremental investments to bring consumers greater value. While these investments lower our profit outlook for fiscal 2025, they better position General Mills for sustainable growth in fiscal 2026 and beyond. Amidst a dynamic external environment, I’m not only confident in our plans, but especially our teams, who are operating with agility and doing what’s right for our consumers.”
Kellanova recently noted, “Our strong third-quarter results reflect once again our strategy and more growth-oriented and profitable portfolio as Kellanova,” commented Steve Cahillane, Kellanova’s Chairman, President, and CEO. “This performance is also a testament to the talent and engagement of a Kellanova organization that is executing at a high level as we prepare for our exciting next chapter as part of a global snacking powerhouse with Mars.”
Mondelez International approved a new share repurchase authorization of up to $9 billion of Class A common stock, effective January 1, 2025. The new authorization, effective until December 31, 2027, will replace the current $6 billion authorization, of which approximately $2.8 billion is presently remaining and would otherwise expire on December 31, 2025. The company may repurchase the shares in open market transactions, privately negotiated transactions or a combination of the foregoing. Share repurchases are subject to the company’s discretion based on market conditions, business considerations and other factors. The Board of Directors also declared a regular quarterly dividend of $0.47 per share of Class A common stock. This dividend is payable on January 14, 2025, to shareholders of record as of the close of business on December 31, 2024.
Hershey announced that Michele Buck, Chairman of the Board of Directors, President and Chief Executive Officer, has informed the Board of her intention to retire from the Company effective June 30, 2026. Ms. Buck intends to serve in her existing roles until her successor is appointed, at which time she plans to resign from the Board and transition to a senior advisor role until her retirement. The Board has appointed a special committee to direct the search for the Company’s next CEO and will consider external and internal candidates, in partnership with a nationally recognized search firm.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Simply Better Brands. by Simply Better Brands. We own ZERO shares of Simply Better Brands. Please click here for disclaimer.
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