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HDFC Bank shares after Jagdishan: What lies ahead for the country’s largest private lender?

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HDFC Bank shares after Jagdishan: What lies ahead for the country’s largest private lender?
Private sector lender HDFC Bank is set for a leadership change as Sashidhar Jagdishan prepares to retire as managing director and CEO at the end of his current term on October 26, 2026. For investors, the transition comes after nearly six years during which the bank completed its landmark merger with HDFC Ltd, while its shares struggled to regain the levels seen when Jagdishan took charge.

With Jagdishan set to retire at the end of October, the focus now shifts to his successor, the bank’s growth trajectory and the factors that could influence the stock going forward.

The key questions for investors include the pace at which HDFC Bank can improve its deposit mobilisation, restore margins and manage the balance sheet following the HDFC Ltd merger, alongside its ability to deliver stronger growth.

Anand Dama, Anant Dumbhare, Yuval Aiya and Manav Mehta, analysts at Nuvama Institutional Equities, believe Jagdishan’s resignation could be a cleaner outcome for the bank, as securing a further term from the RBI may have been difficult amid the recent operational and governance lapses.

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The development also gives the board more time to identify a successor, according to Nuvama. The brokerage said Mr Bharucha, the bank’s deputy managing director (DMD), could emerge as a pragmatic short-term transition candidate for around two years, given the RBI’s 15-year cap on board tenure, while an internal or external successor is groomed.


Alternatively, HDFC Bank could appoint a credible external candidate as MD & CEO for a full three-year term. However, Nuvama said such a process could take five to six months and prolong the uncertainty around the leadership transition.
Nuvama expects near-term weakness in the stock until greater clarity emerges on succession. The brokerage has retained its ‘BUY’ rating on HDFC Bank but cut its target price to ₹875 from ₹1,025, citing the stock’s steady de-rating over the past year.The revised target price is based on 1.6 times estimated September 2028 standalone bank adjusted book value (ABV), along with subsidiary valuation of ₹127. Nuvama noted that the stock was trading at around 1.3 times September 2028E ABV, which it considers inexpensive for a franchise of HDFC Bank’s strength.

“The stock has seen steady de-rating for a year and could remain weak until the board provides clarity on a credible successor,” the Nuvama analysts said.

However, they do not view the CEO’s exit as a fundamental impairment to HDFC Bank’s otherwise strong franchise and recovery story following the difficult merger with HDFC Ltd.

A credible internal transition led by Mr Bharucha could accelerate business normalisation, Nuvama said, while a strong external appointment could take longer but potentially provide a broader governance reset and scope for a longer-term re-rating, similar to the experience of IndusInd Bank.

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Ishank Gupta, analyst, Banking and Financial Services, Choice Institutional Equities, said the leadership transition comes after an unsettled period for the lender, with the CEO’s decision not to seek a third term adding another layer of uncertainty for investors.

“It has been an unsettled twelve months at India’s largest private sector lender, and Saturday’s announcement that CEO Sashidhar Jagdishan will not seek a third term closes it on an uncomfortable note,” Gupta said.

The governance shocks

The year turned in March, when part-time chairman Atanu Chakraborty resigned with immediate effect, stating that certain practices at the bank were not in congruence with his personal values and ethics. The stock shed close to seven billion dollars in market value, and the Reserve Bank of India publicly affirmed the bank as well governed.

Two days later, three senior executives were dismissed after an internal probe into the alleged mis-selling of Credit Suisse Additional Tier-1 bonds to non-resident clients through the Dubai and Bahrain operations. The Dubai Financial Services Authority had already barred the DIFC branch from onboarding new clients.

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A separate vigilance review examined an alleged ₹0.5 crore payment to MSRDC linked to a government deposit. Both matters have since been closed, and two external law firms found no evidence to substantiate the chairman’s concerns.

A clean sweep of the top three seats

Rajiv Kumar, former finance secretary and chief election commissioner, was named part-time chairman in June. Puneet Sharma, who spent more than six years as CFO of Axis Bank, joins as CFO-designate on September 1 and takes charge on December 1, succeeding the retiring Srinivasan Vaidyanathan.

The chief executive’s chair is now the third to change hands inside a single year, and the only one without a named successor.

Why the CEO exit matters most

CEO Jagdishan had said in March that he had never contemplated stepping away, and the board has confirmed he declined despite its efforts to persuade him.

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That reversal matters more than the exit itself. The board must now put names before the RBI and secure approval within eight weeks, against a norm of six months.

Leadership uncertainty of this nature has historically attracted a valuation discount at Indian banks until a successor is confirmed, and the counterparty on the other side of that adjustment is usually the incumbent shareholder.

Big shoes to fill

The incoming management must complete the post-merger transition, restore the growth trajectory the bank has deferred while repairing its credit-deposit ratio, and above all return a settled sense of stability to a franchise that has traded on precisely that quality for three decades.

The succession process will therefore be critical not only for determining who leads HDFC Bank, but also for shaping how investors assess the bank’s valuation and recovery prospects.

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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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Dollar General: Excellent Company, Limited Upside At This Price (NYSE:DG)

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Dollar General: Excellent Company, Limited Upside At This Price (NYSE:DG)

This article was written by

Redfern Research looks for value. We are not limited to one sector or area of expertise, although we prefer to evaluate according to simple metrics: Can the business be understood and not be too complex? Is there a reason it is trading at a significant discount? Will the company generate reasonable demand for its stock in the short or medium term? Most of the reading, notes, and theses are rough notes. Writing them down and sharing them allows for further analysis and scrutiny.We do not trade often but prefer to look for medium-term value where equities are depressed for a particular reason or have somehow fallen out of favor. These are also the most interesting cases to read about or dissect. They offer a really good risk-reward profile and often offer the best entry at discounted prices.We have a basic familiarity with finance but tend to shy away from complex modeling of future cash flows. We know our way around financial statements but prefer to focus on a mix of qualitative and quantitative analysis to make a decision. Please use articles and writing with caution and fulfill gaps in your knowledge or research from a multitude of sources. The writing is only meant to present one angle and opinion, but the individual investor’s due diligence remains supreme.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Fuel supplier sues distributor for nearly $4M over gas allegedly sold at Trump-promoted Freedom Fuel stations

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Fuel supplier sues distributor for nearly $4M over gas allegedly sold at Trump-promoted Freedom Fuel stations

A fuel supplier is suing a New Jersey distributor and its president, alleging they failed to pay for gasoline that was later sold through stations in the Trump-promoted Freedom Fuel Network.

Mansfield Oil Company filed the lawsuit against KRSM Inc. and its president, Syed Kazmi, on Aug. 19 in the U.S. District Court for the Eastern District of Pennsylvania. Mansfield alleges KRSM obtained approximately 150 loads of fuel from its account at the Twin Oaks terminal in Pennsylvania between May 21 and July 7, totaling roughly 1,124,594 gallons worth $3,998,868.46. 

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“KRSM sold a portion of such fuel to its stations that are part of the Freedom Fuel Network,” Mansfield alleges in the complaint. The company further claims KRSM was able to sell some of the fuel at low prices because it had not paid Mansfield for it. Those allegations have not been adjudicated. 

KRSM had been a Mansfield customer since 2022. A commercial credit application included with the complaint and signed by Kazmi states that if Mansfield extended credit and KRSM purchased fuel, KRSM would be responsible for paying for it. The agreement called for payment by electronic funds transfer within 10 days of receiving an invoice. 

VENEZUELA SAYS TRUMP’S HISTORIC OIL DEAL TARGETS 1.5M BARRELS PER DAY, COULD GENERATE $200B

freedom fuel network

A fuel truck arrives to refuel a Freedom Fuel Network gas station on Aug. 10, 2026, in West Berlin, New Jersey. (Al Drago/Getty Images)

Mansfield acknowledged in the complaint that a data-receiving error delayed its ability to send the invoices until early July. The company said it later discussed what it characterized as minor pricing discrepancies with Kazmi, revised the invoices and sent them to KRSM on July 17. Mansfield alleges its bank subsequently advised it that KRSM had refused attempted drafts from its account. 

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KRSM disputes Mansfield’s account of the payment dispute.

Kazmi said in an Aug. 25 court declaration that he “did not agree that the amounts Mansfield demanded were correct or owing.” In court filings, KRSM contends the dispute centers on the prices Mansfield charged for the fuel and says it objected to the invoices before the lawsuit was filed.

On Aug. 28, U.S. District Judge Gerald Austin McHugh vacated an earlier temporary restraining order that had frozen the identified M&T Bank account but granted Mansfield’s requests for preliminary injunctions in part. McHugh ordered the defendants to maintain at least $2.75 million in the account while the litigation proceeds.

The Freedom Fuel Network drew national attention after lowering pump prices amid President Donald Trump’s push for cheaper gasoline.

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The White House published a Freedom Fuel Network video on July 7 promoting the network’s lower prices.

Donald Trump in Oval Office

President Donald Trump in the Oval Office of the White House in Washington, D.C., on Aug. 27, 2026. (Al Drago/The Washington Post/Bloomberg via Getty Images)

Freedom Fuel says on its website that it is a privately owned company that “answered President Trump’s call to action to lower prices at the pump.”

“We didn’t hesitate; we took decisive action and lowered our prices to make filling up more affordable for hardworking families across the greater Philadelphia area,” the company says on its website.

Freedom Fuel also says 25 participating stations experienced an average volume increase of more than 50% after prices were lowered, with several locations increasing more than 100%. Those figures are company-reported and have not been independently verified.

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A man uses a gas pump at a Shell gas station in Houston, Texas, on March 16, 2026. (Ronaldo Schemidt/AFP via Getty Images)

Mansfield’s lawsuit brings claims including breach of contract, unjust enrichment, action for the price, account stated and conversion. The company is seeking at least $3.998 million, plus interest, costs and other damages. 

CLICK HERE TO GET FOX BUSINESS ON THE GO

Fox Business reached out to attorneys for KRSM and Kazmi, Freedom Fuel Network and counsel for Mansfield Oil for comment.

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Why Plus500 Leads Mobile CFD Trading

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One of the best CFD Trading Apps in Australia 2026:

Australian retail traders seeking a user-friendly mobile platform for contracts for difference have a clear frontrunner in 2026, according to independent platform testing. Plus500, operated locally by Plus500AU Pty Ltd under Australian Securities and Investments Commission licence AFSL 417727, ranks as the best overall trading app for its tap-to-trade design, one-tap guaranteed stop-loss orders and rapid onboarding process. Sources: (FXEmpire, Investing.com, compareforexbrokers.com.au, Investing in the Web Plus500 Review 2026

Independent evaluations of ASIC-regulated apps conducted through mid-2026 consistently place Plus500 highly for overall mobile experience. Testers scored the app highly across criteria including order placement speed, ease of account setup, biometric login options and parity between the mobile version and the full web platform. Onboarding typically requires only an email to access a free unlimited demo account. The app supports Face ID, Touch ID and fingerprint authentication, and delivers the complete feature set available on desktop across more than 2,800 CFD instruments. Sources: (FXEmpire, Investing.com, compareforexbrokers.com.au)

Visit Plus500 (CFD service. Your capital is at risk)

Plus500 offers CFDs on shares, indices, forex, commodities, ETFs, options and cryptocurrencies. Pricing is commission-free, with costs embedded in the spread. Typical spreads reported in recent testing include around 0.8 pips on EUR/USD, 1.0 pips on GBP/USD and 0.9 pips on AUD/USD, though these fluctuate with market conditions. The minimum deposit stands at A$200, with fee-free Australian funding options that include PayID, BPAY, cards and PayPal. Retail leverage remains capped under ASIC’s Product Intervention Order, and negative balance protection applies so clients cannot lose more than the funds deposited.

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Client money is held in segregated trust accounts with Australian banks in accordance with the Corporations Act. Plus500AU does not use client funds for hedging or its own business purposes. The parent company, Plus500 Ltd, is listed on the London Stock Exchange as a FTSE 250 constituent, providing an additional layer of public financial reporting and governance transparency. The firm is also an AFCA member for dispute resolution.

The app’s risk-management tools stand out for casual and intermediate users. Guaranteed stop-loss orders can be set with a single tap and are priced via a wider spread at the time the position is opened. Trailing stops, price alerts and push notifications during Australian market hours further support position management on the go. Charting includes more than 100 indicators and drawing tools, though it remains more basic than the 115-plus indicator suites offered by some competitors.

While Plus500 leads for user-friendliness and mobile usability, other ASIC-regulated apps serve different needs. Pepperstone’s cTrader platform appeals to active forex and CFD traders seeking tighter raw spreads and depth-of-market data. CMC Markets’ Next Generation app provides desktop-grade charting and a broader instrument range that includes ASX share trading alongside CFDs. eToro remains popular for social and copy-trading features, while Interactive Brokers offers deeper multi-market access for more experienced users. Independent shortlists from 2026 testing routinely list these platforms immediately after Plus500 for specialised use cases.

Visit Plus500 (CFD service. Your capital is at risk)

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CFD trading carries significant risk. ASIC and brokers themselves note that a substantial majority of retail CFD accounts lose money. Leverage amplifies both gains and losses, and positions can be closed automatically if margin requirements are not met. Prospective users are advised to review the Product Disclosure Statement and Target Market Determination, practise extensively on the free demo account, and trade only capital they can afford to lose. Educational resources on the platform cover basic concepts, though more advanced research and technical analysis tools are limited compared with some rivals.

Market conditions in 2026 continue to favour mobile-first platforms as smartphone trading volume grows. Australian regulators maintain strict oversight of CFD providers, enforcing segregated funds, negative balance protection and leverage limits that apply equally on mobile and desktop. Plus500 has operated under its current ASIC licence since 2012 and maintains compliance with these rules.

For traders who prioritise a clean interface, fast execution on a limited number of weekly trades, and built-in risk controls without the complexity of MetaTrader or advanced multi-platform setups, recent independent assessments identify Plus500 as a leading CFD trading platform available in Australia. Those seeking the absolute tightest spreads, extensive automation or real share ownership under CHESS sponsorship may find better fits elsewhere. As always, individual circumstances, risk tolerance and trading style should guide the final selection after careful comparison of fees, features and regulatory protections. Sources: (FXEmpire, Investing.com, compareforexbrokers.com.au)

The competitive landscape remains dynamic, with brokers continually refining mobile interfaces and funding options. Yet for the combination of accessibility, regulatory standing and practical risk tools that define everyday mobile CFD trading in Australia this year, Plus500 currently sets the benchmark.

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Snack, beverage shoppers turning to AI agents

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Snack, beverage shoppers turning to AI agents

NEW YORK — As artificial intelligence (AI) quickly gains traction with consumers, many are entrusting AI agents to shop for snacks and beverages, according to the latest Consumer Pulse Research from Accenture.

As part of Accenture’s “Talk to My AI Agent” study that surveyed 25,000 global consumers, the 2026 Consumer Pulse Research sampled 1,518 snack and drink (non-alcoholic) respondents in 16 countries. Of those, 80% said they’re open to collaboration with an AI agent that would work with the consumer to find the best option. 

But these snack and beverage consumers are willing to go even further with AI agents, Accenture found. Sixty-eight percent indicated they would allow task execution, in which AI handles specific commerce tasks at the consumer’s request. Also, 30% are open to delegated decision-making – in which AI chooses what to buy, with the consumer making the payment – and 8% would permit autonomous purchasing that lets the AI agent make the transaction independently, with guardrails set by the consumer.

“AI agents are becoming the go-to discovery model for many consumers, helping them find snacks and drinks that better match the healthier, more budget-conscious or higher-quality version of themselves they aspire to be,” said Kath Gramling, global consumer goods, retail and travel lead for global business consultancy Accenture. “As we saw in our research, 63% of snacks and drinks consumers would now instruct an AI agent to shop for their ‘idealized self,’ showing a clear shift in how everyday purchases are discovered, chosen and consumed.”

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Consumers’ trust in AI agents has advanced, in part, as they’ve turned to these tools to help reduce decision-making complexity, Accenture noted. Fifty percent of weekly AI users said they trust agents’ recommendations for snacks and drinks – in fact, 74% reported they would trust an AI agent more than their best friend to make a purchase, the research revealed. When instructing an AI agent on which snacks and drinks brands to buy, 45% of those surveyed prioritized value, while 37% put quality at the top of the list. 

Similarly, 31% of snack and beverage consumers said generative AI lowers decision stress during their shopping journeys. Snacks and drinks consumers with high decision stress are 1.3 times as likely (85% versus 64%) to be open to an AI-powered personal shopper.

“Consumers are rethinking what they want (and expect) from snacks and beverages,” Gramling said. “It is no longer just about satisfying a craving. As wellness trends and GLP-1 adoption reshapes eating and drinking habits, many shoppers are looking for products that support specific goals, whether that’s a protein bar that helps them feel fuller or a beverage that delivers energy or gut health benefits.”

ai2.jpg

“For snack and beverage brands, this raises the stakes at the moment a consumer is deciding what to put in their cart.” — Kath Gramling, Accenture

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| Photo: ©MAKSYM YEMELYANOV – STOCK.ADOBE.COM

For snacks and drinks recommendations, gen AI has become one of the fastest-growing sources, according to the study. Forty-eight percent of the snack and beverage respondents identified as weekly users of gen AI – 1.9 times more than in 2025 – and almost two-thirds of active users said gen AI makes them feel “seen, heard and understood.” Large language models (LLMs), a form of gen AI, are the No. 2 snacks and drinks discovery channel for weekly AI users, Accenture said.

“For snack and beverage brands, this raises the stakes at the moment a consumer is deciding what to put in their cart,” Gramling noted. “AI agents are introducing shoppers to new products, reducing decision stress by more than 30% and even steering consumers away from long-term favorites if another option better matches their goals. While 58% of consumers would tell an AI agent which brands to consider when purchasing snacks and drinks, 36% of behaviorally loyal consumers would allow an agent to switch from a favorite brand for a better fit.”

Other key findings from Accenture’s full global AI study include the following:

• 61% of respondents want an AI agent that shops multiple grocery retailers on their behalf, splitting their baskets.

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• 71% of those polled expect gen AI to influence at least half of their spending decisions over the next 12 months.

• 87% of consumers agree that AI will impact the role of physical stores, with 31% expecting stores to become more important for experiences.

“As loyalty becomes more conditional,” Gramling said, “the brands coming out ahead are making claims, ingredients and quality easier to verify, compare and recommend, while still protecting the human side of snacking (taste, emotion, identity) that consumers aren’t willing to delegate.”

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Smucker looks to keep Uncrustables growth rolling

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Smucker looks to keep Uncrustables growth rolling

MINNEAPOLIS — Vibrant growth for Uncrustables has The J.M. Smucker Co. working to ramp up the momentum, including by bolstering production, marketing and innovation for the handheld PB&J sandwich brand.

Double-digit growth for Uncrustables fueled a 3% net sales gain in the fiscal 2027 first quarter for J.M. Smucker’s US Retail Frozen Handheld and Spreads business, which also saw profit climb 13% year over year. The Minneapolis-based food company said a 10% increase in volume/mix for Uncrustables lifted the division’s performance, and the Away From Home segment also benefited from rising Uncrustables volume.

“Beginning with Uncrustables, the brand delivered 12% net sales growth at the total company level, driven by a double-digit increase in volume/mix,” Mark Smucker, chairman and chief executive officer, said in reporting first-quarter results. “The brand achieved record quarterly volume, net sales and household penetration, reflecting the strength of our proven brand-building model, continued distribution gains and consumer-led innovation.”

J.M. Smucker has prioritized Uncrustables as one of its key growth platforms. In fiscal 2026, Uncrustables surpassed annual sales of $1 billion.

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“Momentum for the Uncrustables brand remains strong, and with household penetration of 27%, we continue to see significant runway ahead,” Smucker said. “To support this growth, we are accelerating our plans to bring the second phase of our McCalla, Ala., facility online toward the end of this fiscal year.”

Manufacturing, innovation boost

J.M. Smucker opened a 900,000-square-foot manufacturing plant for Uncrustables in McCalla back in November 2024, which freed the brand from previous production capacity constraints. Then, this past January, the company said it’s investing $27 million in the McCalla facility to fortify production and operations.

Growth for Uncrustables has been driven in part by J.M. Smucker’s stepped-up innovation efforts for the brand. In September 2024, the company launched the first new flavor for Uncrustables in 10 years (peanut butter and raspberry spread), which was followed in May 2025 by the brand’s first-ever limited-edition flavor (peanut butter and mixed berry spread) and in October 2025 by the rollout of higher-protein Uncrustables sandwiches.

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Earlier this year, Smucker said at an investor conference that Uncrustables would be expanding from the freezer to the fridge with the launch of sandwiches with a five-day refrigerated shelf life. The product, which can be stored in the freezer for a longer lifespan, made its debut in July.

“Our newest innovation, fridge-friendly Uncrustables sandwiches, is resonating with consumers, and we are beginning to support the launch with a robust marketing campaign across social, influencer and digital channels,” Smucker said. “We are also building on the strong momentum of our morning protein platform with the recent launch of two new flavors, Beamin’ Berry Blend and Burstin’ Blueberry. These varieties are driving incremental growth and further expanding the Uncrustables brand’s presence in the morning occasion.”

Growth story

Uncrustables’ ongoing growth factored into J.M. Smucker’s raised top-line guidance for fiscal 2027, to net sales decreases of 1% to 2% from the previous projection of down 3% to 4%, said Tucker Marshall, chief financial officer and executive vice president of Frozen Handheld and Spreads and Sweet Baked Snacks.

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“In US Retail Frozen Handheld and Spreads, we now expect net sales to increase low-single digits compared to the prior year, driven by the strength and momentum of the Uncrustables brand,” he said.

Uncrustables Fridge-Friendly_refrigerator.jpg

“Fridge-friendly” Uncrustables can be stored in and eaten straight from the refrigerator for up to five days.

| Photo: J.M. Smucker Co.

In an Aug. 26 conference call with analysts on first-quarter results, Marshall said J.M. Smucker is reinvesting a portion of its tariff refunds in the Uncrustables plant in McCalla.

“As we think about the business, we continue to support growth,” he said. “We now expect high-single-digit growth for the Uncrustables brand, total company, total venture. And as we move forward, we’ll continue to support the portfolio with ongoing marketing investments and also ensuring that we continue to bring production along as we support demand. As you can see or you may have read, we are increasing preproduction expenses for the year in support of the McCalla, Ala., facility. And so, the margin profile may take a slight step back in our next few quarters, but the profile continues to remain strong.”

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When asked what was behind Uncrustables’ strong growth, Smucker said, “I would sum it up this way: All the fundamentals are right.”

 “We’ve got new marketing, the launch of fridge-friendly,” he explained. “You can keep the Uncrustables stored in your fridge for five days — so instant consumption, if you will. Price-pack architecture is right. So, just competitively, I think we’re in the sweet spot there. The breadth of our offerings, whether that’s new flavors — some are limited-time offerings — and hitting on dayparts with the higher-protein offerings as well. Just the combination of all of those things has also led to stronger distribution gains. And our Away From Home business is performing well, still building out our c-store presence with the larger chain customers. So I would just say it’s a tale of just doing all of those important things right.”

Marshall said Uncrustables “continues to be a great story” for J.M. Smucker.

“It’s going to demonstrate another year of growth,” he said. “It continues to demonstrate growth in traditional US retail channels and also in the away-from-home channel. We’re also bringing along innovation. We’re supporting brand-building, and we are increasing capacity in support of ongoing demand.” 

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(VIDEO) Gulf Disturbance Invest 97L Could Become Tropical Storm Edouard Before Reaching Texas Coast

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Gulf Disturbance Invest 97L Could Become Tropical Storm Edouard Before

MIAMI — The National Hurricane Center is monitoring two areas of potential tropical development in the Atlantic basin, with a disturbance in the northern Gulf carrying increasingly high odds of strengthening into a short-lived tropical depression or tropical storm before reaching the Texas or Louisiana coast as soon as Monday night.

The system, designated Invest 97L, was located roughly 100 to 125 miles south of the southeastern Louisiana coast as of Monday morning, according to the National Hurricane Center. As of the agency’s latest advisory, the disturbance carried a 70% chance of development over both the next 48 hours and the next seven days, an increase from the 30% to 50% odds forecasters had assigned the system over the weekend as it became better organized. An Air Force Reserve reconnaissance aircraft, commonly known as a hurricane hunter, was scheduled to investigate the low-pressure area Monday morning to gather more detailed data on its structure.

Forecasters say the disturbance is expected to drift slowly west-northwest across the northern Gulf before potentially strengthening into a short-lived tropical depression or tropical storm as it approaches the upper Texas or southwestern Louisiana coast late Monday or early Tuesday. If the system’s maximum sustained winds reach 39 mph, it would be named Tropical Storm Edouard, the fifth named storm of the 2026 Atlantic hurricane season. The National Hurricane Center has said tropical storm watches or warnings could be issued for portions of the Gulf Coast later Monday as the system continues to organize.

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Regardless of whether the disturbance officially strengthens into a named storm, forecasters say its primary threat will be heavy rainfall rather than strong winds. The National Hurricane Center said the system is expected to bring locally heavy rain to portions of the upper Texas and southwestern Louisiana coasts over the coming days, with rainfall totals of up to 2 inches expected in some areas and higher localized amounts possible. Southern Louisiana has been placed under a marginal risk for heavy rainfall, raising the potential for flash flooding, particularly given recent dry conditions in the region. Forecasters covering the Houston area have said the system could bring an uptick in showers and storms by Tuesday and Wednesday as it moves inland, with the potential for rainfall totals to climb further depending on how the system tracks once it makes landfall.

Separately, the National Hurricane Center is also tracking the remnants of former Tropical Storm Dolly, which are producing showers and thunderstorms stretching from Hispaniola eastward to the northern Leeward Islands. That system is moving west to west-northwest at roughly 20 to 25 mph, and forecasters say strong upper-level winds are expected to prevent redevelopment over the next couple of days. The National Hurricane Center has given Dolly’s remnants a near-zero chance of redevelopment over the next 48 hours and just a 20% chance over the next seven days. Even without redeveloping into a formal tropical system, forecasters say the moisture associated with Dolly’s remnants could reinforce an already wet pattern across South Florida later this week as the disturbance approaches the southern Bahamas or the Florida Straits. Should either the Gulf system or Dolly’s remnants develop into a named storm, the next name after Edouard on this year’s Atlantic storm list would be Fay.

The Atlantic hurricane season is now moving into its historical peak period, which arrives around Sept. 10 and spans the stretch from mid-August through mid-October, when ocean temperatures are typically at their warmest and atmospheric conditions are often more conducive to tropical development. So far this season, the Atlantic has produced four named storms, Arthur, Bertha, Cristobal and Dolly, but no hurricanes. By comparison, the climatological average season has typically produced its sixth named storm and first hurricane, generally forming around Aug. 11, by this point on the calendar, putting the 2026 season somewhat behind its typical pace in both named storm activity and hurricane formation.

Forecasters have cautioned that a slower-than-average start to the season does not determine how active the remainder of it will be. With the Atlantic entering its peak window for tropical activity, meteorologists say conditions can shift quickly, and it takes only one significant landfalling storm to make a season consequential regardless of how quiet its earlier months may have been. Residents along the Gulf Coast, particularly in southeast Texas and southwestern Louisiana, are being urged to monitor forecast updates closely in the coming days as Invest 97L continues its approach toward the coastline.

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Lessons in entrepreneurship

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Lessons in entrepreneurship

OPINION: Recent research provides insight into the benefits, or otherwise, of startup incubator or accelerator programs.

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Oil Gains After First U.S. Strikes in Weeks on Iranian Targets

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Oil Gains After First U.S. Strikes in Weeks on Iranian Targets

0815 ET – Oil futures rise after the U.S. attacked Iranian rocket launchers, renewing military action in the Persian Gulf for the first time in weeks. “The longer geopolitical uncertainty and supply disruptions continue, the tighter the market gets, keeping upward pressure on crude,” Nikos Tzabouras of Tradu says in a note. But the U.S. may have limited appetite for broader military action with its shift in focus to economic measures against Tehran and its enablers, he adds. Although below prewar levels, crude is finding its way out of the Middle East and with lower consumption the market could return to balance, he adds. WTI is up 3.4% at $86.21 a barrel, and Brent is 3.1% higher at $90.85. (anthony.harrup@wsj.com)

Oil Rises as U.S.-Iran Tensions Escalates

0933 GMT – Oil prices rise as renewed fighting between the U.S. and Iran revives concerns over crude flows through the Strait of Hormuz. November Brent rises 3.4% to $91.08 a barrel, while October WTI gains 3.3% to $86.19 a barrel. U.S. forces struck Iranian missile launchers on Larak Island, prompting retaliation from Tehran and renewed fears over safe passage through the key Gulf shipping route. Recent disruptions have shown how quickly uncertainty around Hormuz can feed back into oil prices, say ING commodity strategists Warren Patterson and Ewa Manthey. (farhan.rafid@wsj.com)

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Weekly Commentary: Money Matters

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Weekly Commentary: Money Matters

Weekly Commentary: Money Matters

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High-Protein Products Need More Than Protein

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High-Protein Products Need More Than Protein

Consumer demand continues to reshape product development across nearly every food category. According to the International Food Information Council’s (IFIC) 2025 Food & Health Survey, 70% of Americans say they actively try to consume protein,* making it the most sought-after nutrient for the fifth consecutive year. Whether it’s bars, beverages, breads, snacks or frozen meals, manufacturers continue to respond with products that help consumers meet their protein goals.

As consumers increase protein intake, many aren’t getting enough fiber. In fact, Americans average only about 16 grams of fiber per day – which is well below the recommended daily intake. At the same time, higher-protein diets often replace foods that have traditionally contributed fiber, widening what nutrition experts commonly refer to as the “fiber gap.”

For food manufacturers, that gap represents an opportunity. Consumers aren’t simply looking for more protein. They’re looking for foods that help them feel satisfied and contribute to their overall wellness with more complete nutrition.

Why Fiber Matters in a High-Protein Diet

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While high-protein foods are well-established for building and maintaining muscle, they often lack a sufficient amount of dietary fiber. Without adequate fiber, consumers who shift to eating more protein may experience digestive discomfort and gut issues, making these diets difficult to sustain.

Boosting fiber alongside protein helps keep digestion moving while also contributing to satiety. Pairing protein with fiber allows manufacturers to create foods that help consumers stay fuller longer while delivering the nutritional balance they’re increasingly seeking.

That combination is becoming even more important as GLP-1 medications reshape eating habits. An estimated 22 million U.S. adults have used GLP-1s. Because these medications suppress appetite, users eat significantly less and are advised to prioritize protein to help preserve lean muscle mass. As portion sizes become smaller, nutrient-dense protein + fiber companion foods are becoming essential and creating opportunities for manufacturers. 

FBN-GrainMillers-Meatballs-635.jpgPhoto: Shutterstock/DronG

Adding Fiber Without Compromising Quality

Not all fiber performs the same way. Understanding the differences allows formulators to select fiber ingredients that positively impact both nutrition and product performance.

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Soluble fiber dissolves in liquid and forms a gel-like consistency. Nutritionally, it is associated with supporting healthy blood sugar levels and heart health. In food applications, soluble fibers are commonly used for thickening, stabilization and emulsification.

Insoluble fiber does not dissolve in water. Instead, it aids digestive regularity by adding bulk to the digestive system. In formulations, insoluble fiber is used for water binding, moisture management, breakage control and overall texture — making it particularly valuable across bakery, snack and added-protein applications.

These distinctions make insoluble fiber well suited to address the technical challenges that arise when adding fiber to high-protein foods. 

Depending on the ingredient and inclusion level, fiber can introduce grittiness, heaviness or dryness. It can also negatively affect dough texture and finished product appearance. For food manufacturers looking to achieve a “high fiber” or “good source of fiber” label claim, the challenge is developing a higher-fiber formulation without compromising the sensory qualities consumers expect.

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Oat Fiber Delivers Nutrition and Functionality

To do this, formulators increasingly turn to insoluble oat fiber. Unlike other fiber sources that can turn gummy or introduce off-flavors, oat fiber boosts nutrition with minimal impact on the sensory profile.  

Grain Millers Oat Fiber stands out as a choice for formulations. Produced through a natural process without the use of chemical agents, it allows for a clean, simple ingredient declaration. It features exceptionally high fiber and very few calories, and its light color and neutral taste ensure easy integration without disrupting product flavor or appearance. Grain Millers Oat Fiber is gluten-free and available in organic options, creating possibilities for premium product positioning and maximum shelf appeal.

Beyond its nutritional profile, oat fiber provides functional benefits across multiple food categories.

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  • Breads and tortillas – helps maintain softness and pliability while reducing cracking.
  • Cereals and snacks – improves structure, enhances crunch and helps minimize the dry, “cardboard-like” texture that can sometimes accompany high-protein formulations.
  • Meat products – improves moisture retention, helping products stay juicy.
  • Reduced-calorie foods – serves as a bulking ingredient, adding volume and enhancing satiety without contributing significant calories.
FBN-GrainMillers-Tortillas-635.jpgPhoto: Shutterstock/Andrey Starostin

Looking Ahead

High protein continues to attract consumers, but it’s also creating a new opportunity for product innovation. More and more, as consumers continue choosing protein-rich foods, they’ll expect those products not to provide only protein. They’ll expect foods that support digestive health, promote satiety and offer a more complete nutritional profile.

For manufacturers, that means looking at elements other than just protein content and understanding how fiber ingredients can enhance both nutrition and product performance. Pairing protein with fiber to meet evolving consumer expectations will help companies differentiate their products in a crowded marketplace.

To learn more about Grain Millers’ oat fiber ingredients or connect with our technical services team, visit grainmillers.com/oat-fiber

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