Shauna Golden
Posts by Shauna Golden
KeHE to Expand West Coast Distribution Footprint Through Acquisition of DPI
KeHE Distributors has entered into an agreement to acquire DPI Specialty Foods, a West Coast food and beverage distributor, the company announced on Wednesday. Financial terms of the agreement were not disclosed.
Stryve Completes Portfolio Cuts, Shifts Focus to Distribution Growth
Stryve Foods announced a 37% drop in net sales year-over-year to $4.6 million during a Q1 earnings call yesterday, which executives at the air-dried meat snack maker attributed primarily to the company’s portfolio rationalization efforts.
Laird Reports Q1 Net Loss of $4.1M, Continues Turnaround Efforts
Laird Superfood announced a net loss of $4.1 million in Q1 2023 as the plant-based food company continues its turnaround efforts.
Hershey’s Eyes ‘New Snacking Occasions’ With Ocean Spray Product Partnership
Hershey’s expansion of its snacking business continues with today’s announcement of a new line of chocolate-dipped cranberry bites created in partnership with new Ocean Spray.
TreeHouse: Price Increases, Recovery of Supply Chain Propel Q1 Sales Growth Past Analysts’ Expectations
Price increases and improvements in its supply chain helped TreeHouse Foods beat analysts’ expectations and drive net sales up 15.8% year-over-year in Q1 2023, the company announced in an earnings call this morning.
News Roundup: The EVERY Co. and Alpha Foods Team Up to Develop ‘Next-Gen’ Alt-Meat; Oatly Hits a Home Run with MiLB
In this week’s roundup: The EVERY Co. and Alpha Foods team up to develop “next-gen” alt-meat; Oatly hits a home run with MiLB; Tennessee announces new regulations for hemp-derived cannabinoids; and Mondelēz announces its 2023 CoLab class.
Blue Apron ‘Actively Pursuing All Options’ for Financing Following $17M Net Loss in Q1
On an earnings call today, Blue Apron executives said the company is “actively pursuing all options” to bring in much-needed capital as it continues to suffer significant quarterly losses.
Sprouts: Q1 Growth Is ‘Direct Result’ of Consumer Engagement, Product Differentiation
On its earnings call this week, Sprouts Farmers Market credited its Q1 sales growth as a “direct result” of its customer engagement efforts, which have helped grow both basket size and as well as increase trip count among its loyal shoppers.
On the Rise: Hero Bread Closes $15M to Grow National Distribution
Bakery brand Hero Bread announced today it has closed $15 million in funding to help the brand meet consumer demand and fuel future product innovation. The capital raise comes as the San Francisco-based brand shifts its focus to physical retail.
GFI: Taste, Price Still Impeding Growth for Plant-Based Proteins
Despite significant gains in recent years, mass-market adoption of plant-based meat, seafood, eggs and dairy remains limited by taste and pricing-related challenges, according to the Good Food Institute’s (GFI) State of the Industry report.