Adrianne DeLuca

Conagra Brands reported a 2.3% net sales decline as well as a 2.4% drop in organic net sales during the fourth quarter and similar results – 1.8% net sales decline and 2.1% organic net drop to $12 billion – for the full year during an earnings call this morning.

Thirty-year-old Lotus Foods has weathered plenty of challenges with minimal outside investment. But today, the regenerative and heirloom rice, noodle and ramen producer is going after growth, announcing it has raised $22.5 million.

The novelty of a “bleeds-like-meat” burger seems to have worn off for consumers, investors and the industry alike. As CPGs at-large turn to formulate with simpler and shorter ingredient decks, the meat alternative category is following along.

There are plenty of emerging dynamics currently reshaping the grocery business… and those dynamics are also changing the ways brands bring products to market.

Ultra-processed food – the often vilified, rarely defined food category – remains a hot button issue among better-for-you food industry proponents, market researchers and federal regulators. Let’s take a look at the sentiments currently dominating this discussion.

During the Wall Street Journal Global Food Forum this week, speakers ranged from government officials to private sector executives and investors who provided a bird’s eye view into key trends and the industry’s response. From our notes, here are some highlights.

Better-for-you bread is baking up to be big business. Today, Hero Bread announced the closing of a $21 million funding round co-led by Cleveland Avenue, DNS Capital and Composite Ventures.

Asian sauce and noodle brand Omsom announced today it has been acquired by growing multi-Asian food brand platform DayDayCook. The deal will consist of a combination of DDC cash and stock which will be paid out over a four-year term. Five non-executive employees of Omsom have been granted 160,000 shares of DDC’s Class A Ordinary… Read more »

There’s no question that powerhouse national distributor UNFI’s new Simplified Supplier Approach (SSA) is more streamlined than previous agreements. But that’s about the only thing everyone will agree on.

The Campbell Soup Company posted solid third-quarter earnings this morning, beating analyst expectations as net sales increased 6% driven by the Sovos Brands acquisition and integration.