Erin Cabrey
Posts by Erin Cabrey
From Meat Snacks to Protein Powders: Stryve Looks to Nutrition Segment After Going Public
Fresh off its IPO, meat snack company Stryve Foods is already making moves to enter new categories. While the company previously indicated it planned to first enter adjacent salty snack categories such as crackers and chips, it has instead turned its attention to the supplement set, launching new protein powders with a new line called Stryve Nutrition.
With New Line, That’s It Hopes to Become “Plant-Based Snackable Platform”
With a slew of new product lines over the past few years, That’s It is working to prove that it’s more than just a fruit-based bar brand. As part of its goal to create a plant-based snacking platform across several categories, the brand this month debuted a new energy bar line called Keto Kick, which it hopes will further expand its reach to new consumers.
Post, B&G and Beyond Meat Talk Retail Trends, Foodservice Landscape
In quarterly earnings calls this week, Post Holdings talks cereal sales and its plan to distribute a portion of its interest in BellRing Brands; Beyond Meat sees a sales bump as foodservice rebounds; and B&G Foods sees a decline in sales while the spices and seasonings segment grows.
Companies Discuss Inflation, Innovation and Marketing Strategies on Earnings Calls
In a recap of this week’s quarterly earnings calls, Kellogg’s net sales increase as on-the-go snacks rebound; Blue Apron reports customer loss and average revenue increases; and Kraft Heinz talks “manageable” inflations costs and innovation strategy.
Miyoko’s Creamery Raises $52 Million
Plant-based cheese and butter maker Miyoko’s Creamery today announced the closing of a $52 million funding round which the company plans to use to grow distribution and launch new dairy-free cheese innovations.
Grupo Bimbo Acquires Emmy’s Organics
With humble beginnings as a maker of “hippie health food,” gluten-free and vegan cookie brand Emmy’s Organics is now a step closer to its goal of becoming a “legacy brand.” The brand has been acquired by Grupo Bimbo, the Mexico-based baked goods giant announced last week, and will join its Bimbo Bakeries USA (BBU) portfolio alongside brands such as Entenmann’s, Thomas, Sara Lee and Arnold.
The Checkout: Actual Veggies Raises $2.3M; Gopuff Secures $1B
In this week’s Checkout, veggie burger producer Actual Veggies raises $2.3 million; digital delivery platform Gopuff secures $1 billion; HelloFresh Market debuts in the U.S.; and Manitoba Harvest announces a new research partnership.
CPG Companies Discuss Retail Rebounds, Inflation Costs on Earnings Calls
In a recap of this week’s quarterly and half-year earnings calls, Hershey’s salty snacks and bars see sales bumps, while baking declines; Nestlé talks inflation-induced price hikes and Health Science strategy; and Mondelēz reports growth across snacking and confection.
Nobell Secures $75M, Will Tackle Plant-Based Dairy’s ‘Last Frontier’
Plant-based cheese maker Nobell announced last week that it has secured $75 million in funding to scale the production of its plant-based cheese products made with casein — an essential protein found in milk that gives cheese its taste and texture — cultivated from genetically modified soybeans, rather than cows.
The Checkout: Quinn Snacks Raises $10M; Stryve Begins Trading After Closing SPAC Deal
In this week’s Checkout, Quinn Snacks raises $10 million; Stryve begins trading on the NASDAQ after closing SPAC deal; Foxtrot reveals expansion plans, including adding 50 locations in the next two years; and Target announces the first class of its food & beverage accelerator.