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Stock impact report

Candy and soda makers prepare to ‘play offense' on SNAP restrictions [Yahoo! Finance]

Keurig Dr Pepper Inc. (KDP) 
Last keurig dr pepper inc. earnings: 4/27 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
As more states begin to restrict shoppers from using food assistance benefits for candy and soda, food and beverage companies are bracing themselves for a sales hit. So far, 18 states have received approval from the Trump administration to ban purchases of certain foods and drinks using the Supplemental Nutrition Assistance Program. Bans largely target soft drinks and other "sweetened beverages," though some states have also moved to restrict candy or prepared desserts. SNAP makes up 12% of overall grocery spending, according to the National Grocers Association . A reduction in funding is set to have a profound impact on both purchasing patterns and sales: Close to a third of consumers told NielsenIQ last year that they would react to reductions in SNAP benefits by buying less food As more restrictions become enacted, candy and soda manufacturers are closely monitoring the impact. They're also still trying to understand how the bans are being implemented by retailers — the defi Show less Read more
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