SNAP Benefits Decline Won't Hit All Food Companies The Same -- Market Talk

Dow Jones03-30

0833 ET - Not all food companies will feel the decline in SNAP benefits equally, say Jefferies analysts. "The key differentiator will be whether companies have the flexibility and operational ability to lean into affordability to defend volumes without outsize margin erosion," the analysts say. Mondelez and J.M. Smucker are best positioned due to greater financial flexibility and the support from commodity tailwinds. Post Holdings screens as more mixed but comparatively better insulated given foodservice exposure and a demonstrated ability to manage EBITDA despite retail volume challenges, the analysts say. (nicholas.miller@wsj.com)

(END) Dow Jones Newswires

March 30, 2026 08:33 ET (12:33 GMT)

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