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    ATM   NZATME0002S8


End-of-day quote New Zealand Stock Exchange  -  2022-08-11
5.370 NZD   +0.19%
08/11Australian Dairy Nutritionals still in line to sell baby formula in U.S.
08/10Australian shares end lower as tech stocks drag; focus on U.S data
08/09Tech stocks, a2 Milk drag Australia shares lower ahead of U.S. inflation data
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Factbox-Global baby formula makers send products to restock U.S. shelves

06/17/2022 | 06:26pm EDT
Nationwide shortage of baby formula continues in Schwenksville

(Reuters) - Global companies that make baby formula are bringing products into the United States after the country's health regulator relaxed its import policy to address a nationwide shortage partly triggered by Abbott Laboratories' manufacturing plant in Michigan recalling some products in February.

Importers include Neocate maker Danone SA, while New Zealand's dairy giants Fonterra and a2 Milk have submitted applications to the U.S. Food and Drug Administration (FDA) for supplying baby formula to the United States.

Once the products arrive in the country and receive a sign-off from the FDA, the manufacturers will distribute them through their existing supply chains and cater to unfulfilled orders, a spokesperson for the U.S. Department of Health and Human Services said.

Abbott said on June 4 that it had reopened its baby formula production plant at Sturgis, Michigan.

Here's a list of companies that are bringing in baby formula to the U.S. market in the wake of the crisis:

Date of Manufacturer Major imports


May 27 Bubs Australia Ltd Plans to ship at least 1.25 million

cans of several varieties of its


June 17 Danone SA FDA says about 750,000 cans of

Aptamil First Infant Milk Stage 1

formula are expected to be shipped

to the U.S. in July (https://bit.ly/3tJFsAC)

May 26 Danone SA Has doubled shipments of its

formula, with about 500,000

additional cans to be sent to the


June 3 Nestle SA U.S. FDA says about 1.3 million cans

of Nestle's Gerber Good Start Gentle

from Mexico to be available from the

beginning of July through October.

June 2 Nestle SA U.S. FDA says 249,500 cans from

Germany of Nestle's NAN Supreme Pro

1 and NAN Supreme Pro 2 baby formula

to be available in June and July(https://bit.ly/3m8DqFS)

May 25 Nestle SA 114 pallets of Gerber Good Start

Extensive HA formula delivered in


May 22 Nestle SA Has been flying supplies from the

Netherlands and Switzerland and

delivered 132 pallets of its Health

Science Alfamino and Alfamino Jr

infant formulas

May 24 Kendal Nutricare About 2 million cans of infant

formula expected to reach U.S. store

shelves from the UK, beginning June,

with 40,000 cans in stock for

immediate dispatch

June 15 Reckitt Benckiser U.S. FDA says 4.5 million pounds of

base powder for Reckitt subsidiary

Mead Johnson's general infant

formula Enfamil Stage 1 will begin

shipping in June through November (https://bit.ly/3tH4aBx)

(Reporting by Deborah Sophia in Bengaluru; Additional reporting by Leah Douglas in Washington and Leroy Leo in Bengaluru; Editing by Anil D'Silva and Maju Samuel)

© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BUBS AUSTRALIA LIMITED 0.00% 0.625 Delayed Quote.31.58%
DANONE -1.59% 52.7 Real-time Quote.-3.46%
FONTERRA SHAREHOLDERS FUND 4.38% 3.1 End-of-day quote.-17.11%
NESTLÉ S.A. -0.52% 114.58 Delayed Quote.-10.09%
RECKITT BENCKISER GROUP PLC -0.52% 6508 Delayed Quote.2.62%
S&P GSCI CLASS III MILK (USD) -2.16% 154.5938 Real-time Quote.-1.74%
THE A2 MILK COMPANY LIMITED 0.19% 5.37 End-of-day quote.-9.44%
08/11Australian Dairy Nutritionals still in line to sell baby formula in U.S.
08/10Australian shares end lower as tech stocks drag; focus on U.S data
08/09Tech stocks, a2 Milk drag Australia shares lower ahead of U.S. inflation data
08/09A2 Milk's hopes to sell baby food in U.S. curdled, shares plunge
08/09NZ's a2 Milk says FDA has deferred request to supply baby formula
08/02Australian shares steady as cenbank seen less hawkish on future rates
08/02A2 Milk jumps before halt on FDA nod news, denies report
07/20UBS Adjusts The A2 Milk Company's Price Target to NZ$9.50 from NZ$10.25, Keeps at Buy
06/28Miners lift Australian shares to 2-week high on China demand hopes
06/27Australian shares end higher, enjoy best day in nearly 5 months
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Analyst Recommendations on THE A2 MILK COMPANY LIMITED
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Sales 2022 1 389 M 894 M 894 M
Net income 2022 112 M 72,0 M 72,0 M
Net cash 2022 694 M 447 M 447 M
P/E ratio 2022 35,0x
Yield 2022 -
Capitalization 3 994 M 2 570 M 2 570 M
EV / Sales 2022 2,38x
EV / Sales 2023 2,04x
Nbr of Employees -
Free-Float 89,2%
Duration : Period :
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Technical analysis trends THE A2 MILK COMPANY LIMITED
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 6
Last Close Price 5,37 NZD
Average target price 6,38 NZD
Spread / Average Target 18,8%
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Managers and Directors
David L. Bortolussi CEO, Managing Director & Director
David Lovat Hearn Chairman
Shareef Khan Chief Operations Officer
Julia Cecile Hoare Deputy Chairman
Warwick Lynton Every-Burns Independent Non-Executive Director