Snyder's-Lance Introduces New Snack Flavors - Analyst Blog
March 17 2014 - 11:59AM
Zacks
Innovation has always been one of the important strategies of
consumer goods companies. Innovation helps these companies to cater
to changing consumer preference and also strengthens their product
portfolio.
Snyder's-Lance, Inc. (LNCE) recently launched two
new delicious flavors of Cape Cod Popcorn, namely Sea Salt and
Kettle Corn. The company is also reintroducing White Cheddar flavor
in response to popular demand. The Cape Cod White Cheddar Popcorn
is fluffy and covered with creamy white cheddar cheese.
The Kettle Corn popcorn is prepared in custom kettles and contains
only 40 calories per cup. As is evident from its name, the Sea Salt
Popcorn is sprinkled with sea salt and contains only 35 calories
per cup. In addition, both the varieties are gluten free.
These low calorie popcorns offer an excellent snacking option.
These are expected to appeal to the growing number of
health-conscious customers who prefer packaged food for its
convenience and also do not wish to compromise on health.
Cape Cod is one of Snyder's-Lance’s 4 core brands, which include
Snyder's of Hanover pretzels, Lance sandwich crackers, and Pretzel
Crisps crackers. Organic revenues from core brands grew 6.8% during
fourth quarter 2013, mostly driven by improved pricing. Hanover,
Cape Cod and Snack Factory brands performed particularly well
during the quarter.
Snyder's-Lance is engaged in the manufacture, marketing and
distribution of a variety of branded and private label snack foods
and bakery products. Its products include sandwich crackers,
pretzel crackers, potato chips, cookies, tortilla chips, restaurant
style crackers, nuts and other snacks.
Snyder's-Lance carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the consumer goods sector include
Diamond Foods, Inc. (DMND), J&J Snack
Foods Corp. (JJSF) and Inventure Foods,
Inc. (SNAK). All the three companies carry a Zacks Rank #2
(Buy).
DIAMOND FOODS (DMND): Free Stock Analysis Report
J&J SNACK FOODS (JJSF): Free Stock Analysis Report
SNYDERS-LANCE (LNCE): Free Stock Analysis Report
INVENTURE FOODS (SNAK): Free Stock Analysis Report
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