Recall of Jif peanut butter products expanded to Canada - Vancouver Sun | Canada News Media
Connect with us

Business

Recall of Jif peanut butter products expanded to Canada – Vancouver Sun

Published

 on


If you have any of these crunchy, creamy and squeeze peanut butter products, you should dispose of them immediately.

Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page.

Article content

J. M. Smucker Co. is recalling some Jif peanut butter products sold in Canada and the U.S. because of potential Salmonella contamination.

Article content

The Ohio-based company on Saturday expanded its recall of the popular brand of peanut butter products to Canada, a day after announcing a voluntary recall in the U.S. Consumers that have various crunchy, creamy and squeeze products should dispose of them immediately, the company said.

Canadian consumers are advised that if they have any products matching these descriptions, they should dispose of it immediately:

• UPC 5150024556: JIF SQUEEZE 375 GRAMS CREAMY PEANUT BUTTER
• UPC 5150040200: JIF 18 GRAM CREAMY PEANUT BUTTER CASE
• UPC 5150045163: JIF 500 GRAM DARK ROAST CREAMY PEANUT BUTTER
• UPC 5150045736: JIF 1 KILOGRAM DARK ROAST CREAMY PEANUT BUTTER
• UPC 5150070037: JIF 500 GRAM LIGHT CREAMY PEANUT BUTTER
• UPC 5150070038: JIF 1 KILOGRAM LIGHT CREAMY PEANUT BUTTER
• UPC 5150075002: JIF 500 GRAM CREAMY PEANUT BUTTER
• UPC 5150075004: JIF 500 GRAM CRUNCHY PEANUT BUTTER
• UPC 5150075005: JIF 1 KILOGRAM CREAMY PEANUT BUTTER
• UPC 5150075006: JIF 1 KILOGRAM CRUNCHY PEANUT BUTTER
• UPC 5150075007: JIF TO GO 8 PACK 250 GRAM CREAMY

Article content

The product lot code range for the impacted products is 1274425-2140425.

Salmonella is a bacterial disease that causes fever, diarrhea and vomiting and J.M. Smucker is working with the U.S. Food and Drug Administration on the recall. The financial impact isn’t yet known and the company said in its statement Friday it will provide additional information as soon as possible.

J.M. Smucker recorded net sales of US$2.06 billion in the quarter ended Jan. 31, with peanut butter and other consumer foods accounting for about a fifth of revenue. Sales of Jif, along with its Smucker’s fruit spreads, and Uncrustables frozen sandwiches, got a boost during COVID-19 because of at-home food consumption, though its consumer foods division lags in sales compared with its retail pet food and coffee segments.

The company is set to report its fiscal fourth-quarter earnings on June 7.

Bloomberg.com

Adblock test (Why?)



Source link

Continue Reading

Business

Transat AT reports $39.9M Q3 loss compared with $57.3M profit a year earlier

Published

 on

 

MONTREAL – Travel company Transat AT Inc. reported a loss in its latest quarter compared with a profit a year earlier as its revenue edged lower.

The parent company of Air Transat says it lost $39.9 million or $1.03 per diluted share in its quarter ended July 31.

The result compared with a profit of $57.3 million or $1.49 per diluted share a year earlier.

Revenue in what was the company’s third quarter totalled $736.2 million, down from $746.3 million in the same quarter last year.

On an adjusted basis, Transat says it lost $1.10 per share in its latest quarter compared with an adjusted profit of $1.10 per share a year earlier.

Transat chief executive Annick Guérard says demand for leisure travel remains healthy, as evidenced by higher traffic, but consumers are increasingly price conscious given the current economic uncertainty.

This report by The Canadian Press was first published Sept. 12, 2024.

Companies in this story: (TSX:TRZ)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Business

Dollarama keeping an eye on competitors as Loblaw launches new ultra-discount chain

Published

 on

 

Dollarama Inc.’s food aisles may have expanded far beyond sweet treats or piles of gum by the checkout counter in recent years, but its chief executive maintains his company is “not in the grocery business,” even if it’s keeping an eye on the sector.

“It’s just one small part of our store,” Neil Rossy told analysts on a Wednesday call, where he was questioned about the company’s food merchandise and rivals playing in the same space.

“We will keep an eye on all retailers — like all retailers keep an eye on us — to make sure that we’re competitive and we understand what’s out there.”

Over the last decade and as consumers have more recently sought deals, Dollarama’s food merchandise has expanded to include bread and pantry staples like cereal, rice and pasta sold at prices on par or below supermarkets.

However, the competition in the discount segment of the market Dollarama operates in intensified recently when the country’s biggest grocery chain began piloting a new ultra-discount store.

The No Name stores being tested by Loblaw Cos. Ltd. in Windsor, St. Catharines and Brockville, Ont., are billed as 20 per cent cheaper than discount retail competitors including No Frills. The grocery giant is able to offer such cost savings by relying on a smaller store footprint, fewer chilled products and a hearty range of No Name merchandise.

Though Rossy brushed off notions that his company is a supermarket challenger, grocers aren’t off his radar.

“All retailers in Canada are realistic about the fact that everyone is everyone’s competition on any given item or category,” he said.

Rossy declined to reveal how much of the chain’s sales would overlap with Loblaw or the food category, arguing the vast variety of items Dollarama sells is its strength rather than its grocery products alone.

“What makes Dollarama Dollarama is a very wide assortment of different departments that somewhat represent the old five-and-dime local convenience store,” he said.

The breadth of Dollarama’s offerings helped carry the company to a second-quarter profit of $285.9 million, up from $245.8 million in the same quarter last year as its sales rose 7.4 per cent.

The retailer said Wednesday the profit amounted to $1.02 per diluted share for the 13-week period ended July 28, up from 86 cents per diluted share a year earlier.

The period the quarter covers includes the start of summer, when Rossy said the weather was “terrible.”

“The weather got slightly better towards the end of the summer and our sales certainly increased, but not enough to make up for the season’s horrible start,” he said.

Sales totalled $1.56 billion for the quarter, up from $1.46 billion in the same quarter last year.

Comparable store sales, a key metric for retailers, increased 4.7 per cent, while the average transaction was down2.2 per cent and traffic was up seven per cent, RBC analyst Irene Nattel pointed out.

She told investors in a note that the numbers reflect “solid demand as cautious consumers focus on core consumables and everyday essentials.”

Analysts have attributed such behaviour to interest rates that have been slow to drop and high prices of key consumer goods, which are weighing on household budgets.

To cope, many Canadians have spent more time seeking deals, trading down to more affordable brands and forgoing small luxuries they would treat themselves to in better economic times.

“When people feel squeezed, they tend to shy away from discretionary, focus on the basics,” Rossy said. “When people are feeling good about their wallet, they tend to be more lax about the basics and more willing to spend on discretionary.”

The current economic situation has drawn in not just the average Canadian looking to save a buck or two, but also wealthier consumers.

“When the entire economy is feeling slightly squeezed, we get more consumers who might not have to or want to shop at a Dollarama generally or who enjoy shopping at a Dollarama but have the luxury of not having to worry about the price in some other store that they happen to be standing in that has those goods,” Rossy said.

“Well, when times are tougher, they’ll consider the extra five minutes to go to the store next door.”

This report by The Canadian Press was first published Sept. 11, 2024.

Companies in this story: (TSX:DOL)

Source link

Continue Reading

Business

U.S. regulator fines TD Bank US$28M for faulty consumer reports

Published

 on

 

TORONTO – The U.S. Consumer Financial Protection Bureau has ordered TD Bank Group to pay US$28 million for repeatedly sharing inaccurate, negative information about its customers to consumer reporting companies.

The agency says TD has to pay US$7.76 million in total to tens of thousands of victims of its illegal actions, along with a US$20 million civil penalty.

It says TD shared information that contained systemic errors about credit card and bank deposit accounts to consumer reporting companies, which can include credit reports as well as screening reports for tenants and employees and other background checks.

CFPB director Rohit Chopra says in a statement that TD threatened the consumer reports of customers with fraudulent information then “barely lifted a finger to fix it,” and that regulators will need to “focus major attention” on TD Bank to change its course.

TD says in a statement it self-identified these issues and proactively worked to improve its practices, and that it is committed to delivering on its responsibilities to its customers.

The bank also faces scrutiny in the U.S. over its anti-money laundering program where it expects to pay more than US$3 billion in monetary penalties to resolve.

This report by The Canadian Press was first published Sept. 11, 2024.

Companies in this story: (TSX:TD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending

Exit mobile version