News
Food and beverage industry news.
Taste Radio: The Underestimated Value Of Showing Up. And How A Little Oomph Goes A Long Way.
In this episode, the hosts explained why founders regularly attend industry events are often better positioned to support their brands than those who don’t, riffed on the impact of sleek and clever packaging and marveled at a sparkling water brand’s latest LTO. This episode also features a conversation with Michael Lewis, the founder of oomph, a new brand of low-sugar, functional candy.
Laird: Net Loss at $5.7M in Q3 As Co. Eyes 2023 ‘Turnaround’
After announcing a $5.7 million net loss in Q3, Laird Superfoods’ executive team laid out the company’s plans to rebound from a challenging year during its quarterly earnings call on Thursday.
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Beyond Meat CEO: Company Will Pivot to Focus on Profit Over Growth
After reporting “disappointing” revenues, Beyond Meat CEO Ethan Brown told analysts on the company’s third quarter earnings call that he is taking “aggressive measures” to right the ship at the plant-based meat brand.
Realsy To Build Snack Platform After Separation From Rollin’ n’ Bowlin’ Brand
After nearly a year on the market, Rollin n’ Bowlin officially separated its nut butter-filled date business from the brand’s brick and mortar smoothie stores last week, aiming to build the line out under its newly-established snack platform, realsy.
NOSH Podcast: Building Back A Bakery Brand After Bankruptcy
The team talks about chaos in the food world and NOSH editor Carol Ortenberg talks to Jason and Mia Bauer, co-founders of Crumbs Bakeshop, about relaunching the popular bakery brand and shifting it from a brick-and-mortar model to a CPG line of treats.
Dirty Hands Conducts Layoffs As Part of Larger Restructuring
Dirty Hands, one of the CPG industry’s largest merchandising firms, laid off employees from across the company last week in a move to refocus its business on the natural channel.
Climate Change, Mental Agility Among Mintel’s Top 2023 Food and Bev Trends
Consumers will be looking for more nutrient dense, cognitive-supporting, shelf stable, cosmically-marketed products in the new year, according to Mintel.
Low on Cash, Blue Apron Pulls FY Guidance Amid Revenue Hit And Funding Delays
Flat quarterly net revenue growth and a sequential, 11.7% revenue decline year-over-year, coupled with a delay to its $57 million private placement funding from RJB Partners LLC, has caused meal delivery service Blue Apron to pull its yearly revenue guidance.
Upcycled Ingredient Makers Eye Brewer’s Spent Grains
Brewer’s spent grain has often seemed like a perfect fit for upcycled food companies but the challenges to getting widespread adoption by breweries goes beyond supply and demand.
Hain Celestial: Positive Gross Margins, Bottom-Line Growth Reaffirm FY 2023 Guidance
New York-based organic and natural products company Hain Celestial announced today that net sales for Q1 FY2023 decreased 3% year-over-year to $439.4 million.