Headlines

Halloween isn’t the only holiday this week… It’s also time for many publicly traded CPG companies to report Q3 earnings! Don’t be spooked by the arcane financial documents: we’ve done the heavy lifting and siphoned out some bite-sized insights.

On CPG Week, the podcast team talks about Keurig Dr Pepper’s acquisition of GHOST Energy, Olipop’s sports sponsorship ambitions and a look at Whole Foods Market’s Trend Forecast.

Gaming-themed sour snacks producer Final Boss Sour announced yesterday it has raised $3 million in a seed round led by CPG investment and brand development firm Science Inc., the initial investor behind canned water powerhouse Liquid Death.

Marco Sweets & Spices is ceasing operations after four years on the market, citing financial difficulties following a widespread product recall earlier this summer by the company’s sole manufacturer.

The Kraft Heinz Company reported lower-than-expected net sales and income as volume struggles and consumer demand for key brands continued to decline in its third quarter.

Mondelēz International posted strong Q3 results yesterday as sales and volume growth remained steady amid a host of challenges including volatile cocoa prices and changes to consumer demand in the wake of continued high grocery costs.

Snack brands Pipcorn and Spudsy have joined together under a newly formed entity, UpSnack Brands, to leverage their combined scale and accelerate a pathway to profitable growth.

Private equity firm Encore Consumer Capital has finalized its acquisition of New York pizza dough producer DeIorio Foods this week. Terms of the deal were not disclosed. Based in Utica, N.Y., DeIorio’s is a legacy dough supplier, celebrating the 100th anniversary of its founding this year.

Daily Crunch Sweet & Spicy Sichuan Sprouted Cashews & Edamame is debuting at Whole Foods Market. The snack mix features sprouted cashews and crispy edamame seasoned with Fly By Jing Mala Spice Mix, which has Sichuan chili pepper, coconut sugar, salt, garlic, mushroom powder and spices.

Don’t miss your chance to submit nominations for the Nosh Best of 2024 Awards. The deadline is this Friday, November 1st.