News
Food and beverage industry news.
Kerry Unveils Biobake Fresh Rich
Kerry, a global leader in taste and nutrition, is pleased to introduce Biobake Fresh Rich, an innovative enzyme solution for sweet baked goods that delivers longer-lasting softness, freshness, and moistness perception over shelf life, while supporting food waste reduction.
Instacart: Double-Digit Revenue Increase In First Earnings Since IPO
In its first public earnings call, ecommerce delivery platform Instacart (listed as MapleBear Inc.) reported revenues of $764 million, a 14% improvement from the same period last year.
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Cambri Debuts Launch AI to Revolutionize New Product Development for CPG Brands
Cambri, an innovative research technology and consumer insights platform, announced the U.S. launch of its cutting-edge product development solution, Launch AI.
WK Kellogg: Cereal Spin-Off ‘On Track’ To Meet Full-Year Projections
WK Kellogg Co., the recently spun-off cereal business from the Kellogg Company, reported net sales fell by -2% to $692 million in Q3 during its first earnings report as an independent company yesterday.
NOSH Announces Nominees for ‘Best of 2023’ Awards
Every winter NOSH’s annual “Best Of” Awards celebrates the companies, brands, individuals, products, ideas and trends that are transforming the better-for-you packaged food industry. The nominees for NOSH’s “Best Of 2023” Awards showcase the profound talent that can be found within the natural food industry.
Beyond Meat “Disappointed” With Q3 U.S. Retail Sales Declines
In its Q3 earnings call, Beyond Meat announced sales declines as it continues to institute a plan to cut costs and prioritize growth after posting high single-digit revenue losses year-over-year.
Elevator Talk: Mighty Yum, Behave Candy, Chutni Punch, Lubini, Kanira
In the latest episode of Elevator Talk, we feature leaders from Mighty Yum, Behave Candy, Chutni Punch, Lubini and Kanira. Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week’s special co-host is Kari Pedriana, the co-founder and CEO of Green Spoon Sales, who shared her thoughts, questions and feedback with the participants.
FreshDirect Acquired By Getir
Ahold Delhaize is offloading its online New York City grocery delivery business FreshDirect to Turkish startup Getir, the company announced this morning.
Hain Celestial: Net Sales Continue Expected Decline As New Company Strategy Takes Effect
The Hain Celestial Group saw net sales drop 3.3% in Q1 FY2024 (compared to a 2% drop in Q4 2023) as the impact of its Hain Reimagined strategy is being felt, said president and CEO Wendy Davidson in a statement.
NOSH INSIDER WEEKLY: Mondelez Posts 15% Q3 Revenue Growth, Brynwood Raises $750M, Turkey Pizzas & More
Dive into all the with NOSH’s Weekly Briefing with all the top news from last week including Mondelez’s 15% Q3 Revenue Growth, Brynwood’s $750M Raise and DiGiorno’s turkey pizza.