Lukas Southard

The USDA announced plans to revise the guidelines for animal-raising claims providing more consumer transparency and oversight for label callouts like “grass fed,” “pasture raised,” “hormone-free” or “antibiotic-free.”

J.M. Smucker Co. reported a 10% net sales growth year-over-year on the back of its coffee and Uncrustables brands during its Q4 earnings call and is expecting about $8.5 billion in sales for FY2024 with gross margins hovering around 36.5% to 37%.

Meati is cutting its workforce by about 5%, affecting about 17 employees of the 300-person company less than six months after the mycelium-based protein company opened a new 100,000 sq. ft. production facility.

In this roundup: Texas passes new bill on plant-based product labels; Albertsons consolidates its leading private label line; Kraft launches in the frozen aisle; and Oath Pizza CEO sued by investors.

Campbell Soup Company offloaded its nut and trail mix brand Emerald Nuts to Minneapolis-based, private label manufacturer Flagstone Foods on Tuesday for an undisclosed amount as the legacy soup company prioritizes its more successful snacking labels.

Backed with over $50 million in investment, former CEO of the Roundy’s and Mariano’s chains Bob Mariano has embarked on his latest venture in the Chicago area, Dom’s Kitchen and Market. The retailer hopes to have 15 stores by the end of next year building on an omnichannel, experiential type of food shopping grounded in prepared foods, heavier product curation and app-based connectivity.

The USDA’s purview is regulating agricultural products and livestock that become food, but its reach in the industry stretches into other areas of health, nutrition, food access and safety. Here is a brief explainer about some of the current administration’s priorities pertaining to CPG food.

Ben & Jerry’s has named its longtime CMO as the new top executive, signaling that the company will continue highlighting its role as an outspoken voice for social activism.

Beyond Meat was issued a class action lawsuit by institutional shareholders alleging that the plant-based meat company’s executives knowingly misled its investors about the strength of the company’s manufacturing and foodservice partnerships while, in the process, profiting on the inflated share price.

A bipartisan bill in Congress will offer SNAP recipients access to frozen produce, Motif FoodWorks is launching a foodservice portfolio of its plant-based meat products and NFL quarterback Aaron Rodgers’ private equity firm RX3 Growth Partners announces a $150M fund II.