Lukas Southard
Posts by Lukas Southard
Sunnie Lands Strategic Investment, Builds New Distribution Channels
Sunnie Snacks is two-thirds the way to closing its first institutional investment round as it builds off its new distribution partnerships and seeks to capture consumers in others parts of the store.
Maine Crisp Co. Survives “Heartbreak” After Production Facility Flood
Maine Crisp has finally regained its footing as it prepares to go to Expo West and launch nationwide in Whole Foods after a mid-December “100-year” storm and flood wiped out nearly all of the company’s inventory, ingredients and packaging.
Campbell’s: Q2 Earnings ‘Right Where Expected,’ Readies For Sovos Deal Close
Campbell Soup Company released its second-quarter 2024 earnings with net sales at $2.4 billion, a -1% decline from the year-ago period. The company reported sequential volume improvements and margin growth as it prepares to close the acquisition of Sovos Brands next week.
BFG Continues “Patient” Approach With Fund III Launch
BFG Partners has launched Fund III and has already raised about 70% to its goal of $125 million to provide capital growth to better-for-you food, beverage and personal care brands.
Sweet Ride: YouTube Star Joins “Relaunched” Joyride Candy
YouTube star Ryan Trahan has joined low-sugar candy brand Joyride as an investor and part owner as the company refocuses around the creator as its chief creative officer.
WK Kellogg: Cereal Business “Stable” As 2024 Volumes Stabilize
WK Kellogg Co reported its first standalone quarterly earnings with net sales up for the FY2023 as the company focuses on supply chain management and operational efficiency.
Manufacturing Matchmaker: Keychain Uses AI To Bring “Transparency” To CPG Production
Keychain’s AI-driven B2B digital tool aims to bring transparency and simplicity to the CPG landscape by streamlining matchmaking between brands and retailers searching for compatible manufacturing partners.
Going Vertical: RIND Snacks Acquires Granola Producer
RIND Snacks is vertically integrating with the acquisition of Vermont-based granola company Small Batch Organics and leasing a 15,000 sq. ft. warehouse where it will handle logistics and fulfillment.
Kellanova: Earnings Flat In First Report Since Corporate Split
Kellanova reported “better-than-expected results” marked by flat net sales and higher profits in its first full quarter since The Kellogg’s Company split the snacks, meals, frozen and international business from its domestic cereal brands.
SNAC Time: Industry Association Discusses 2024 Priorities, Expectations
SNAC International discussed its approach to the FDA’s 2024 regulatory agenda pertaining to sodium reduction, food labeling and processed foods and also made predictions on how flavor and function might play into bringing new consumers to the category.
