News

Beyond Meat made progress in its mission to reach profitable growth in Q2 with gross margins and profits increasing despite a net revenue drop of -8.8% year-over-year.

Laird Superfood showed “tremendous progress” in Q2 posting net sales of $10 million on the back of its DTC and ecommerce growth.

For a summer without a whole lot of financial news, the rumored buyout of snacking giant Kellanova by legacy candy maker Mars hit like Hurricane Debby. The potential for a company with an estimated combined revenue of $60 billion, after all, carries a lot of crosswinds.

The CPG Week podcast team talks “zombie brands,” a rumored mega-merger of snacks and sweets, beverage brands earnings, and more legal woes for PRIME.

Irresistible Foods Group – the umbrella company behind King’s Hawaiian, Grillo’s Pickles and Shaka Tea – is adding The Killer Brownie Company to its portfolio after taking a majority stake in the baked sweets maker.

Dairy cheese stinks, literally. Plant-based cheese (typically) doesn’t. That’s why category newcomer Plonts is seeking to crack the code by using microbes to achieve crowd-appealing taste, texture and smell.

Instacart’s core business has moved well beyond its origins in the gig-economy, third-party delivery space as it diversifies deeper into tech-based services. And those efforts appear to be paying off.

WK Kellogg’s net sales slumped 3.9% to $672 million during Q2 as it grappled with price increases (+2.1%) and volume declines (-4.8%) amid a “difficult business environment.”

Food tech company GrubMarket has acquired distressed online grocery platform Good Eggs in the latest example of a highly competitive market for ecommerce food delivery companies.

BellRing Brands – the producer of Premier Protein and Dymatize brands – reported 15.6% net sales growth to $515.4 million in its Q3 earnings report this morning as the company works to build up demand and household penetration for its shakes and powders.