Headlines

The Hershey Company acquired candy brand Sour Strips late last week, only one day after posting less-than-stellar earnings that were weighed down by high cocoa prices and pressures across all business segments.

Flowers Foods posted solid Q3 performance despite reporting a net sales decrease of 0.7% to $1.19 billion as positive pricing more than offset volume declines.

The Hershey Company announced today it has acquired sour candy brand Sour Strips, expanding the snacking and confectionery giant’s growing sweets portfolio. Financial terms of the deal were not disclosed.

In this week’s notable new products roundup, Heyday Canning Co. adds a limited-edition cranberry sauce to its portfolio of pantry staples, Happiness Foods hits the market with a line of flavored sprouted pumpkin seeds, and The People’s Provisions unveils a quartet of small-batch condiments.

In the wake of Hurricane Helene’s devastating impact, we spoke with a handful of brands from North Carolina to hear how they are rebuilding from loss through communal support and entrepreneurial resilience.

WK Kellogg reported an expected net sales decrease of 0.4% year-over-year during Q3 and marked its first full year since spinning off as an independent company.

The Hershey Company announced today it has downgraded its fiscal year 2024 guidance after high cocoa costs and increased pressure across all segments dragged down its third-quarter earnings.

On CPG Week, the podcast team talks about Celsius’ aspirations to go vertical and a variety of smaller acquisitions across food that nod to trends in M&A markets.

SunOpta reported strong, volume-driven revenue growth in Q3, according to its latest earnings released on Tuesday.

B&G Foods, the maker of Ortega, Cream of Wheat, and Crisco, is considering the divestiture of “some or all of the assets” in its Green Giant frozen and vegetable business unit to improve margins and cash flow following mixed Q3 results.