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Petition in circulation urging FDA to consider regulation of energy drinks

BY Jenna Duncan

WASHINGTON Physicians and scientists—100 total—have joined together to back a letter sent to the Food and Drug Administration urging for examination of the high caffeine content of energy drinks, possible risks and effects on health for people, and possible regulation of the energy drink category.

Roland Griffiths, neuroscientist at Johns Hopkins School of Medicine, wrote the letter which in Baltimore. The letter recommends that the FDA require drink makers to provide warning labels, limit the amount of caffeine and other stimulants added to drinks and tell the caffeine content on the can

In response to the letter, the American Beverage Association has released a statement that energy drinks with moderate amounts of caffeine shouldn’t be grouped with those “companies seeking attention and increased sales based solely on extreme names and caffeine content,” published reports said.

Five of the highly caffeinated energy drinks that were listed for examination are Amp, which contains 75 milligrams of caffeine per 8.4 ounces; Full Throttle, with 144 milligrams per 16 ounces; Monster which contains 160 milligrams per 16 ounces; Red Bull with 80 milligrams caffeine per 8.3 ounces; and Rockstar which has 160 milligrams of caffeine in every 16 ounce can.

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Hormel Foods adjusts predictions for fiscal 2008

BY Jenna Duncan

AUSTIN, Minn. Hormel Foods has revised its projections for fiscal 2008, lowering expected totals for earnings, the company said today. 

The Minnesota-based maker of branded foods and meat-products attributed its revised numbers to a decline in financial markets around the globe.

 

 

“Although we correctly anticipated a significant shortfall in earnings at Jennie-O Turkey Store during the fourth quarter, we are also experiencing greater than expected cost pressures and unfavorable product mix changes in our grocery products and refrigerated foods segments,” Jeffrey M. Ettinger, chairman of the board, president and chief operating officer of Hormel said. “Given the current investment results for the rabbi trust and our expected operating results for fiscal 2008, we are lowering our full year guidance to $2.03 to $2.09 per share from our earlier guidance range of $2.22 to $2.28 per share. However, we expect to beat fiscal year 2007 results for the full year on a segment operating profit basis.”

 

 

Ettinger said that more details about revisions to the fiscal 2008 earnings summary would be disclosed in a conference call Nov. 25.

 

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MillerCoors cans Zima malt beverage

BY Jenna Duncan

MILWAUKEE MillerCoors has closed its Zima malt beverage manufacturing line in Memphis due to soft sales, the company has said.

Zima has been on the market since 1994. But declining interest in the sugary, soft-drink-like beverage has declined, despite launches of brand extensions such as Zima Pineapple Citrus and Zima Tangerine.

“This decision is necessary to reduce complexity when it comes to our brand portfolio, allowing for more focused activity at retail on consumer-preferred brands, especially Sparks,” a statement released by MillerCoors on Monday said.

Citrus-flavored, caffeinated Sparks, a malt beverage competitor also owned by Miller, has enjoyed sweeping sales since its 2002 launch.

The final batches of remaining bottles of Zima will be shipped to wholesale distributors centers in December.

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