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Ibotta Reports First Quarter 2024 Financial Results

Retrieved on:

Jeudi, mai 30, 2024

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DENVER, May 30, 2024 (GLOBE NEWSWIRE) -- Ibotta, Inc. (NYSE: IBTA), a leading technology company providing digital promotions and performance marketing solutions, today announced financial results for the first quarter ended March 31, 2024.

Key Points:

The multi-year agreement, in which Ibotta is the exclusive provider of digital promotions, expands the array of offer types Ibotta supports to include digital coupons.
Subsequent to the quarter-end, Ibotta and Schnuck Markets Inc. (Schnucks) agreed to partner together to bring Schnucks’ customers savings on their groceries.
Earlier this month, Ibotta was named a Top Workplace by The Denver Post, ranking third in the large company category in Colorado.
Ibotta’s second quarter 2024 outlook is as follows:
Revenue of $83.5 - $86.5 million, a year-over-year increase of 25% at the midpoint on a non-GAAP basis excluding the breakage benefit during the second quarter 2023.

Boursin® Cheese Debuts New Limited-Edition Flavor, Rosemary & Black Garlic

Retrieved on:

Mardi, mai 14, 2024

Garlic, Restaurant, Friends, Schnucks, Cheese, SRP, Rosemary, Meal, Family, Crave, Aroma compound

CHICAGO, May 14, 2024 /PRNewswire/ -- Boursin®, a leader in the entertaining cheese space, is adding a new limited-edition flavor to its lineup of creamy, yet crumbly cheeses, Rosemary & Black Garlic. The new flavor perfectly pairs the rich and savory black garlic flavor with herbal rosemary notes.

Key Points:

CHICAGO, May 14, 2024 /PRNewswire/ -- Boursin® , a leader in the entertaining cheese space, is adding a new limited-edition flavor to its lineup of creamy, yet crumbly cheeses, Rosemary & Black Garlic.
The new flavor perfectly pairs the rich and savory black garlic flavor with herbal rosemary notes.
Boursin Rosemary & Black Garlic is a unique variant of the fan-favorite cheese with a new addition of umami flavors, differentiating itself against the rest of the portfolio.
Boursin Rosemary & Black Garlic joins the brand's existing portfolio including:
Boursin Rosemary & Black Garlic is available at retailers nationwide now including Albertson's, Hy-Vee and Schnucks, with additional distribution coming throughout the year, for an SRP of $6.99.

Muscular Dystrophy Association and Friedreich’s Ataxia Research Alliance Announce Collaborative Research Grant Using Novel Gene Editing Technology to Address Root Cause of Friedreich’s Ataxia Disease

Retrieved on:

Mercredi, avril 17, 2024

This funding will further research into using novel genetic technologies to treat Friedreich’s ataxia (FA).

Key Points:

This funding will further research into using novel genetic technologies to treat Friedreich’s ataxia (FA).
The grant, Paired Prime Editors to treat Friedreich’s Ataxia, involves prime editing (PE), a next-generation CRISPR gene editing tool that can precisely target the removal of the GAA expansions in the frataxin (FXN) gene.
“Our team of investigators is excited to bring multi-disciplinary expertise to the unique challenges of developing PE for FA.
This treatment method being targeted – prime editing – aims to directly address the cause of the disease, which is the GAA expansion in the FXN gene.

Over 70% of Retailers Lose at Least 5% Operating Margin to In-Store Inefficiencies, According to New Study from Coresight Research and Simbe

Retrieved on:

Mercredi, mars 27, 2024

Research, Automation, SpartanNash, Intelligence, SAN, DIY, Schnucks, Retail

Over 70% of respondents lost at least 5% operating margin in each area of out-of-stocks, price and promotion execution, planogram compliance and allocation and assortment planning.

Key Points:

Over 70% of respondents lost at least 5% operating margin in each area of out-of-stocks, price and promotion execution, planogram compliance and allocation and assortment planning.
Addressing these issues would drive an additional revenue opportunity for retailers of $127.9 billion in 2024, growing to $143.3 billion in 2027, Coresight Research estimates.
Coresight Research will be hosting a webinar on April 9 to present the findings with further takeaways for retailers.
Informing the data in this report is an online survey of 150 decision-makers at US-based retailers, conducted by Coresight Research during January 30–31, 2024.

Royal's Ready-to-Heat White Basmati Wins SELF Pantry Awards 2024

Retrieved on:

Jeudi, mars 14, 2024

Giant, Oil, Stater Bros., Amazon, Smart & Final, Ageing, Climate, Schnucks, Kroger, WINCO, Walmart, Albertsons, Water, HEB, Snack, Soil, Pinterest, Weis, Meal, Grocery store

CYPRESS, Calif., March 14, 2024 /PRNewswire/ -- Royal®, recognized as the #1 brand of Authentic Basmati and Sona Masoori rice in America, announced that its Ready-to-Heat White Basmati Rice was selected as a winner for this year's SELF Pantry award for its Best Quick Rice category.

Key Points:

CYPRESS, Calif., March 14, 2024 /PRNewswire/ -- Royal ®, recognized as the #1 brand of Authentic Basmati and Sona Masoori rice in America, announced that its Ready-to-Heat White Basmati Rice was selected as a winner for this year's SELF Pantry award for its Best Quick Rice category.
This year's SELF Pantry Awards recognized 74 outstanding products from a selection of more than 530 snacks and shelf-stable foods.
Royal's White Basmati Rice is proudly grown in India where the ideal blend of soil, climate and water produces a long aromatic and flavorful grain.
Royal's Ready-to-Heat White Basmati Rice offers authentic Indian rice, enabling consumers to create and share the most delicious, authentic, & memorable meals with their families.

FDA Takes Steps to Ensure Safety of Cinnamon Products Sold in the US

Retrieved on:

Mercredi, mars 6, 2024

Apple, FDA, Cadmium, Letter, Food, Risk, Arsenic, Health, Safety, Lead, Schnucks, Infant, Congress, Science, Mercury, Dietary supplement

SILVER SPRING, Md., March 6, 2024 /PRNewswire/ -- The U.S. Food and Drug Administration is taking several additional steps to address concerns about elevated lead levels in cinnamon following the recent incident associated with certain cinnamon apple sauce pouches that resulted in lead poisoning in young children. Today, the agency sent a letter to all cinnamon manufacturers, processors, distributors and facility operators in the U.S., reminding them of the requirement to implement controls to prevent contamination from potential chemical hazards in food, including ground cinnamon products. The agency is also recommending the voluntary recall of certain ground cinnamon products sold by a number of brands at six different retail chains that were found to contain elevated levels of lead.

Key Points:

The products currently recommended for recall contain lead levels ranging from 2.03 to 3.4 parts per million (ppm) lead .
Therefore, these ground cinnamon products do not pose the same level of risk to human health as the apple sauce pouches but could be unsafe for prolonged use.
"Food growers, manufacturers, importers and retailers share a responsibility for ensuring the safety of the foods that reach store shelves.
The FDA and industry share a common goal of ensuring the safety of food, but more can and must be done.

Instacart Expands Online SNAP Acceptance to Reach 96% of SNAP Households Nationwide with Same-day Grocery Delivery

Retrieved on:

Mardi, janvier 30, 2024

Schnucks, Kroger, Gordon Food Service, Share Our Strength, Roundy's, University, USDA, Supplemental Nutrition Assistance Program, EBT, Caregiver, SNAP, QFC, Research

SAN FRANCISCO, Jan. 30, 2024 /PRNewswire/ -- Instacart (NASDAQ: CART), the leading grocery technology company in North America, today announced a series of retail expansions that will allow customers to use Supplemental Nutrition Assistance Program (SNAP) benefits to shop online for groceries for same-day delivery from Food City, Gordon Food Service, Hy-Vee, Schnucks, and additional Kroger banners including Baker's, City Market, Dillons, Fred Meyer, Gerbes, Harris Teeter, King Soopers, Marianos, Metro Market, Pick n' Save, Smith's and QFC. The new retail expansions help make groceries more accessible to more SNAP families, allowing them to save time and maximize their budgets. Instacart now offers online SNAP acceptance from more than 170 retail banners spanning more than 14,000 stores, reaching 96% of SNAP households in the U.S.1

Key Points:

The new retail expansions help make groceries more accessible to more SNAP families, allowing them to save time and maximize their budgets.
Instacart now offers online SNAP acceptance from more than 170 retail banners spanning more than 14,000 stores, reaching 96% of SNAP households in the U.S.1
Research published by No Kid Hungry, the University of Kentucky, and Instacart revealed that online grocery shopping offers significant advantages for low-income households, including SNAP families.
To use SNAP benefits to shop from the more than 170 retail banners available on Instacart, customers can simply add their SNAP payment card to their Instacart profile.
With Instacart+, households can access free delivery and pickup on orders over $35, 5% credit back on eligible pickup orders, and reduced service fees on every order.

Instacart Unveils Ads on Its AI-Powered Smart Carts

Retrieved on:

Lundi, janvier 8, 2024

SAN FRANCISCO, Jan. 8, 2024 /PRNewswire/ -- Instacart (Nasdaq: CART), the leading grocery technology company in North America, today announced it is expanding its advertising solutions to Caper Carts, the company's AI-powered smart carts. Instacart will begin piloting ads on Caper Carts at Good Food Holdings banner stores, bringing personalized and dynamic recommendations into the physical aisles of the grocery store. Ads on Caper Carts will soon give customers more customized recommendations and introduce experiences to help them discover new brands and products. This first-of-its-kind advertising opportunity connects brands and retailers with customers directly in the aisles – who, on average, spend more than 30 minutes shopping in-store with a Caper Cart.

Key Points:

Instacart will begin piloting ads on Caper Carts at Good Food Holdings banner stores, bringing personalized and dynamic recommendations into the physical aisles of the grocery store.
Ads on Caper Carts will soon give customers more customized recommendations and introduce experiences to help them discover new brands and products.
With Carrot Ads, retail partners are leveraging the best of Instacart Ads, including the company's industry-leading technology, products, engineering, sales talent, and data insights.
In addition to customized Instacart ad experiences on app, we can now utilize another touchpoint on the shopper journey through in-store Caper Carts ads.

Simbe Announces 3X Year-Over-Year Growth and Path to Profitability

Retrieved on:

Jeudi, janvier 4, 2024

Eclipse, Schnucks, SpartanNash, AI, Intelligence, Yoy, Loblaw Companies, SAN

On the heels of a $28 million Series B led by premier venture firm, Eclipse, in July 2023 – secured when only the highest-performing companies attained such funding – Simbe closed the year with a 3X increase in its subscription revenue base.

Key Points:

On the heels of a $28 million Series B led by premier venture firm, Eclipse, in July 2023 – secured when only the highest-performing companies attained such funding – Simbe closed the year with a 3X increase in its subscription revenue base.
This 3X year-over-year (YoY) growth rate represents Simbe's path to profitability across multiple chain-wide deployments, multi-year customer renewals, and outsized net-new customer interest.
Simbe is well-positioned to continue this momentum into 2024 and beyond, thanks to forthcoming platform developments and differentiated product capabilities introduced this year.
In March 2023, Simbe entered the large format club market with new product capabilities specific to the format, deploying Tally chain-wide across BJ’s Wholesale Club locations.

Ron Simon & Associates Files Second Applesauce Lead Poisoning Lawsuit: FDA Suspects Lead Intentionally Added to Cinnamon Ingredient

Retrieved on:

Mardi, janvier 2, 2024

Associate, FDA, Consumer Reports, Variety store, Poisoning, Schnucks, Parent, Lead poisoning, Lead, Gasoline

HOUSTON, Jan. 2, 2024 /PRNewswire/ -- The national food safety law firm of Ron Simon & Associates has filed another lawsuit in the national outbreak of lead poisoning caused by WanaBana applesauce pouches containing cinnamon.

Key Points:

HOUSTON, Jan. 2, 2024 /PRNewswire/ -- The national food safety law firm of Ron Simon & Associates has filed another lawsuit in the national outbreak of lead poisoning caused by WanaBana applesauce pouches containing cinnamon.
"It is highly unusual for the FDA to indicate that the poisoning was intentional" says attorney Ron Simon.
Mr. Simon and his law firm have established a Lead Poisoning Claim Center to assist victims in the outbreak.
The Lead Poisoning Claim Center can be reached toll-free at 1-888-335-4901, or at either https://www.ronsimonassociates.com/ or https://leadfoodpoisoning.com/ .