Lukas Southard
Posts by Lukas Southard
Kellogg’s: Guidance Raised, Snack Sales Flourish
The Kellogg Company reported Thursday morning $4.1 billion in organic net sales and raised its full-year 2022 guidance on the back of its strong snack category growth during its third quarter earnings report.
McCain Foods Looks to Web3 to Promote Regenerative Efforts
McCain Foods is boosting visibility of its sustainability goals through the launch of regenerative agriculture-grown Regen Fries in partnership with web3 platform Roblox and NFT-themed Los Angeles burger restaurant Bored & Hungry.
Kraft-Heinz: Building Back Margins, Focused On Market Share
Kraft-Heinz reported $6.5 billion in sales and $1.84 billion in profits for its Q3 2022 earnings report, continuing to equalize margins and focusing on channel market share as it rides the economy’s recent volatility.
Upcycled Foods, Inc. Shifts From CPG To Focus On Ingredients
Upcycled Foods, Inc. is moving away from packaged goods by expanding its portfolio with five ingredients as it shifts to a business-to-business model in the upcycled food industry.
Kroger-Albertsons: Merger Sees Mounting Opposition; Unions React
One week after Kroger’s proposed $24.6 billion deal to merge with Albertsons, opposition is growing amid antitrust concerns from stakeholders and government officials.
Brainiac Foods Partners With CVS To Step Into Supplements
Brainiac Foods is bringing cognitive-health awareness to every generation of the family unit through an expanded portfolio of snacking products as well as a new line of daily supplements set to launch in CVS next month.
Report: Healthy Foods Makes Up Less Than 50% Of Sales
The 2022 U.S. Access to Nutrition Initiative reported that healthy products make up less than half of food sales by the 11 largest U.S. food manufacturers.
Kroger/Albertsons Merger: “An Existential Question” Around Effects on Brands
Kroger will purchase fellow grocery retailer Albertsons in a $24.6 billion deal that has left members of the industry wondering about the long term ramifications for brands and shoppers.
IRI: Inflation Remains High But Slowing; Shoppers Adjust Buying Habits
Grocery inflation continued to rise in September, hitting 13.3% versus a year ago; yet, a smaller 1% inflation increase from September to August shows promise for food and beverage prices to moderate in the future.
Marfrig, ADM Team Up To Build Plant-Based Food Brand
One of the world’s largest beef packers and a leading food processor and ingredient maker have partnered to launch a new venture Plant Plus Foods just as sales slump across the plant-based food industry.
