by Karl Utermohlen | February 3, 2014 3:48 pm
Kraft (KRFT) has announced a major Polly-O string cheese shortage in the U.S. following the company’s massive October recall.
Many people can’t find Polly-O string cheese in their local stores after the company recalled millions of packages following complaints that the cheese was spoiling too quickly. The move comes less than two weeks after Kraft announced a major Velveeta recall due to an undisclosed allergen in Velveeta products.
New York and New Jersey consumers have been affected the most by the shortage with many parents scrambling for Polly-O string cheese. Several parents said that their children do not want a generic string cheese brand because they have a certain sense of loyalty that kids have to the Polly-O brand.
Kraft spokeswoman Joyce Hodel said that the company is unable to disclose any information on the recall process as it’s confidential. There is no indication as to how big the shortage is but Hodel said that most Kraft and Polly-O products will be back in stock in March.
KRFT stock is down over 2% Monday.
Source URL: http://investorplace.com/2014/02/kraft-polly-o-string-cheese/
Short URL: http://invstplc.com/1fHfro9
Copyright ©2017 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.