Shauna Golden
Posts by Shauna Golden
General Mills: Price Hikes Improve Margins; Consumers Remain “Resilient But Cautious”
Price hikes helped General Mills drive sales past analysts’ expectations and improve margins despite consumers’ growing caution, according to the company’s Q1 2024 earnings report released today.
To Move Merger Forward, Kroger, Albertsons Unveil $1.9B Divestiture Plan
Kroger and Albertsons today announced they have entered into a $1.9 billion divestiture agreement with C&S Wholesale Grocers intended to appease antitrust regulators reviewing the companies’ proposed $24.6 million merger.
Kroger, Albertsons Could Sell Over 400 Stores to C&S for $2 Billion: Report
Seeking to gain U.S. regulatory approval for their proposed $24.6 merger, grocery giants Kroger and Albertsons are in talks to offload 400 stores to C&S Wholesale Grocers for nearly $2 billion, as reported by Reuters.
TreeHouse Sells Snack Bar Business To Strengthen Balance Sheet
TreeHouse Foods announced today that it will sell its Lakeville, Minn. manufacturing facility and snack bars business to global nut distributor John B. Sanfilippo & Son, Inc. for approximately $63 million as it shifts focus to becoming a private label leader. The deal is expected to close in the next 30 days.
‘A Wildcard’: Hormel Lowers Full Year Outlook, Citing Weak International Performance
Hormel Foods today lowered its net sales guidance for the full year to the low single-digit range citing unfavorable pork and turkey commodity markets and weakened demand in China.
ONE Brands Puffs Up Product Portfolio With Debut of Salty Snacks
Although ONE Brands may be known for its low-sugar, high-protein bars, the company is seeking to expand to new occasions with the launch of its newest innovation, ONE Puffs. The product release marks the company’s first foray into the salty snack space.
Laird: “Unsteady” Progress in Turnaround, Q2 Net Loss at $3.5M
Laird Superfood reported a net loss of $3.5 million during its second quarter as it continues its long-term turnaround effort, a process CEO Jason Vieth described to investors as “by nature an unsteady progression.”
After Disappointing Quarter, Beyond Meat Acknowledges Consumer Divide
Beyond Meat reported a 30% drop in net revenue in its ‘disappointing’ second quarter, citing a decline in U.S. consumer demand for plant-based meat products.
Sprouts: Product Differentiation, Omnichannel Presence Drive Q2 Growth
Sprouts Farmers Market credited its differentiated dairy, proteins, and bakery offerings for growing sales in its Q2 earnings report.
Kraft Heinz Taking Philadelphia Plant-Based Spreads Nationwide
Following a limited test, Kraft Heinz is starting the nationwide rollout of its first Philadelphia brand plant-based spread in Original, Strawberry and Chive & Onion varieties.