Headlines
Good Eggs Expands to L.A., Plans to Grow Both In and Out of California
After a limited test, meal kit and grocery delivery service Good Eggs officially launched in Los Angeles last week. The move comes as the San Francisco-based retailer explores long term plans to expand beyond California.
Kellogg’s: Despite Challenging Year, Company Meets Sales Guidance
After an admittedly difficult year, Kellogg Company met much of its 2021 guidance, reporting net sales growth of 4% in its Q4 2021 and full year earnings report today, but faced a 2% decline in operating profit. The earnings come as Kellogg’s has faced a myriad of headwinds, ranging from the inflation and supply chain… Read more »
Blue Apron To Double Marketing Spend, Aims To Draw In “High-value Customers”
Since introducing its Heat & Eat line in September and closing a $78 million capital raise in November, the company’s President and CEO, Linda Findley, said Blue Apron is now positioned to accelerate through the third prong of its growth plan: scaling marketing infrastructure.
Splendid Spoon Raises $12M to Expand D2C Model
Direct-to-consumer plant-based meal delivery service Splendid Spoon announced today that it raised an additional $12 million to expand its offerings and reach more consumers.
Elevator Talk: Mmmly, Sow Good, Appleton’s Market, Bon AppéSweet, True Scoops
In our 50th episode of Elevator Talk, we feature leaders from Mmmly, Sow Good, Appleton’s Market, Bon AppéSweet and True Scoops. Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week’s special co-host is Tom Spier, the founder and managing partner of BFG Partners, who shared his thoughts, questions and feedback with the participants.
Fancy Foods Notebook: Brands Boast Strong, Sustainable Supply Chains and Rethink Commodities
After two years of virtual events and pandemic-induced supply chain disruptions, an in-person return to the Specialty Food Association’s Winter Fancy Foods show brought an eagerness to boast about the people and processes behind each product.
Everything Legendary Raises $6M to Democratize Plant-Based Eating
Plant-based protein brand Everything Legendary announced today the closing of a $6 million round of capital led by CircleUp with participation by General Mills’ investment group 301 Inc and entrepreneur Mark Cuban.
Led by RXBar Vets, Feastables Looks to Offer a ‘Ticket to the Carnival’
What do you get when you pair a top YouTuber with seasoned CPG execs? Enter Feastables, a line of chocolate bars with ambitions to become a snacking platform brand.
The Checkout: Former NFL Player Sued For Promoting Nestle’s Plant-based Protein Brand; Laird Superfood Announces New CEO
In this week’s Checkout: The Texas Beef Council sues former NFL player for partnering with plant-based protein brand, Laird Superfood names new CEO with an update on the business and Zero Acre Farms closes $37 million Series A funding round.
The Hershey Company: Net Sales Up Double-Digits for 2021 Despite Supply Hurdles
The Hershey Company saw net sales rise 10.1% to over $8.9 billion in 2021, according to the company’s Q4 and full year earnings results released yesterday. Organic, constant currency net sales for the Pennsylvania-based confectionery giant rose 8.7% in the full year and reported net income was up 16.4% to $1.4 billion. Adjusted earnings per… Read more »