Lukas Southard
Posts by Lukas Southard
Afia Builds Frozen Syrian Food Platform
Syrian frozen food maker Afia is poised to unlock new growth as it recently moved into a 21,000 sq. ft. facility and eyes expanding into new retailers and channels.
Report: Rising Inflation, Assortment Influencing Growth In Frozen Food
The biannual report “Power of Frozen in Retail” shows that inflation has impacted the frozen food category growing dollar sales while unit sales and volumes have declined.
Simply Good Foods: Refreshes Atkins, Forecasts FY24 Single Digit Sales Growth
Simply Good Foods, parent company to both the Atkins and Quest Nutrition, reported 17% sales growth with gross margins of 37.6% in its Q4 earnings call.
Shopify Deepens Ties to B2B Marketplace Faire
Shopify has invested in B2B wholesale marketplace Faire to creating a partnership to streamline management and purchasing operations for merchants and retailers between the platforms.
Rudi’s “Value Adds” Justin Gold, Frozen Innovation
Rudi’s Mountain Bakery has set its sights the freezer aisle adding 12 new value-added products thanks, in part, to the brand’s new “idea man” and chief innovation officer Justin Gold.
Circana: Rising Food Prices’ Impact On Shopping Behavior
Shoppers are continuing to struggle with how to mitigate the higher prices at grocery stores, according to Circana, with 94% of consumers are concerned with the cost of food.
Quinn Foods Announces Long Awaited New CEO
Gluten-free snack brand Quinn Foods has ended over a year and a half searching elevating chief commercial officer Al Matulis to CEO who has been with the company since 2019.
Meati Trims Off Another 10% of Workforce
In a “incredibly difficult,” mycelium-based alt meat brand Meati has restructured its 300 person company, laying off 30 employees and moving another 30 into new roles as it seeks to prioritize profitability.
Campbell’s: Betting On Snacks, Sovos Deal To Buoy Margins
Campbell’s Q4 results exemplified the company’s emphasis on its snack brands with an eye towards how it expects the Sovos acquisition might grow margins in the Meals category for the coming year.
Cerebelly Announces New Leadership
Former Whole Foods Market and Target executive Don Clark has been appointed CEO of baby food brand Cerebelly. replacing Greg Shearson who will remain on the board of directors.