February 11, 2026
(KO, PEP, KDP, MDLZ, HSY) SNAP Food Restriction Waivers: 2026 Implementation Timeline and States to Watch
Below, we outline how state-level SNAP food-restriction waivers—which are likely negative for KO, PEP, KDP, MDLX, HSY—are expanding and evolving, and we highlight three areas where investors should focus: The 13 states with approved SNAP…
May 27, 2025
(KO, PEP, MNST, CELH, HSY) SNAP/Food Stamp Update: Reconciliation Cut and Soft Drinks and Candy in the Crosshairs
The SNAP/food stamp program has been of focus lately as various states have filed for SNAP benefit waivers, and one, Nebraska, was granted approval for one. In addition, Republicans are looking to cut SNAP as…
February 13, 2025
(WMT, KR, ACI, DG, KHC, PEP, CAG) SNAP / Food Stamp in the Crosshairs
The House Republican budget released yesterday includes potential cuts to the food stamp / SNAP program that could be as high as $230 billion over ten years, which would be a negative for Walmart (WMT),…