Headlines
Changing Habits Chop Into Thanksgiving Spending
Consumers may still have complaints about grocery prices, but they aren’t shying away from the shelves ahead of one of America’s largest food holidays, which is expected to drive a $2.1 billion boost in grocery sales this year.
‘It Can’t Die’: Doughp Searches For New Operators
After nearly eight years, cookie dough brand Doughp’s founders have experienced the difficulties of operating a startup and are looking for an experienced operator to take over in its next stage of growth.
J.M. Smucker Raises FY 2025 Guidance on Strong Uncrustables, Jif Performance
The J.M. Smucker Co. announced today it has upgraded its full-year 2025 guidance after strong sales across Uncrustables, Jif, and Café Bustelo brands offset the underperformance of Hostess in its second-quarter earnings.
Investment Analysis: As a Dry 2024 Ends, Brands Should Invest in Self-Love
Big-brand portfolio reshuffling isn’t going to all of a sudden clear a pathway to acquisition for tiny brands to get scooped up by huge food concerns – at least not right now. Instead, strategics are looking for those billion-dollar acquisitions that can bring them tangible revenue gains.
Plant-Based Meat Startup Tender Food Names Former Oatly Prez as CEO
It’s no secret that the plant-based meat category has faced some strong headwinds of late. But Somerville, Mass.-based startup Tender Food believes it has developed a lower-cost, more animal-like product that it says can disrupt the space and help right the ship for meat alternatives – and it’s brought on former Oatly president Mike Messersmith to lead the charge.
New Products: Collaborations Feature Fly By Jing, Carbone Fine Foods
In this week’s notable new products roundup, Little Spoon partners with Brooklyn Delhi, Fly By Jing teams up with Lundberg Family Farms, and Carbone Fine Food collaborates with Osmo Salt. Little Spoon x Brooklyn Delhi Direct-to-consumer kids’ food brand Little Spoon has teamed up with Indian-inspired condiment producer Brooklyn Delhi to create a limited edition… Read more »
PepsiCo Takes Full Ownership of Sabra For $240.8M
PepsiCo’s healthy snack buying streak continues. The multinational announced today it will acquire the remaining 50% share of Sabra Dipping Company and its Geneva-based international arm Obela from Israel-based Strauss Group for $243.8 million.
Daily Briefing (Insiders Only): An (Early) Industry Year-In-Review
Global food and beverage dollar sales are rising (2.6%) while price/mix growth (1.6%) moderates below historical averages, according to market researcher Circana’s year-end outlook for the industry.
CPG Week: Dairy Drama Hits Lifeway Foods And Ben & Jerry’s
On the podcast, the CPG Week team talks about Danone’s repeated attempts to acquire Lifeway Foods and a pending Ben & Jerry’s lawsuit against Unilever.
Distribution: Immi Finds Military Consumer Base
In this distribution roundup: Immi makes a break for the military channel, Maazah locks in Whole Foods, Mikuna rolls out to Sprout’s ‘New for You’ set and more.