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Snyder's- Lance to Offer 100% Cage-Free Eggs by 2025

Snyder’s- Lance, Inc. LNCE recently announced its intention to switch to 100% cage free eggs by 2025. The company will consistently increase the percentage of cage free eggs each year, till it reaches its goal.

These strategies often target the growing number of health-conscious customers who prefer packaged food for its convenience and also do not wish to compromise on health. Earlier in Mar 2015, Snyder's-Lance launched a number of gluten-free snacks under the brands, Cape Cod, Snack Factory Pretzel Crisps, Eatsmart Naturals and Lance.

Cage-free eggs are healthier and have better nutritional values. Note that the U.S. Department of Agriculture states that cage-free hens are never kept in cages. Free-range eggs and cage-free eggs are healthier than eggs from caged hens. Cage-free eggs are healthier as the diet and health of free hens is better than the ones placed in small cages, with no space to move. Switch to healthier cage free eggs should improve sales of this Zacks Rank #4 (Sell) company in the near future.

In fact, a large number of companies in the food industry are switching or have already switched to the use of cage-free eggs. These companies have been working for years to create a supply chain with sustainable and responsible sourcing.

In March this year, The Kraft Heinz CompanyKHC announced that it will switch to 100% cage-free eggs for its North American operations by 2025. Kraft Heinz uses eggs for its Sauces portfolio, which includes household names like Miracle Whip, Heinz Mayo and Kraft Salad Dressings.

In January this year,Mondelez International, Inc.MDLZ announced that the company will switch to 100% cage-free eggs in its U.S and Canadian locations by 2020, and in Europe by 2025. Notably, this manufacturer of billion-dollar brands like Oreo already uses 100% cage-free eggs in its European chocolate brands and biscuit products sold in Belgium and the Netherlands.

Moreover, in Sep 2015, McDonald’s Corp. MCD declared that it will change the way it sources its eggs and switch to the cage-free variety. The burger giant has announced that over the next decade, it will completely shift to cage-free eggs for approximately 16,000 restaurants across the U.S. and Canada.

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SNYDERS-LANCE (LNCE): Free Stock Analysis Report
MCDONALDS CORP (MCD): Free Stock Analysis Report
MONDELEZ INTL (MDLZ): Free Stock Analysis Report
KRAFT HEINZ CO (KHC): Free Stock Analysis Report
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