News

As it continues to focus on its core categories of chocolate, biscuits and baked snacks, Mondelez International reported net revenue growth up 16.3% in Q3 to over $9 billion, raising its full year revenue growth outlook from 12% to 14%-15%.

Soft sales in the plant-based meat category continue to batter Beyond Meat’s revenue in Q3, according to president and CEO Ethan Brown, as the company reported a loss of between about $7 million to $8 million in gross profit despite earning $75 million in net sales.

Global food giant Kraft Heinz reported a 1% increase in net sales this quarter, attributable to the performance of its core three pillars – U.S. Retail GROW Platforms, Foodservice and Emerging Markets.

Miyoko’s Creamery announced today that it was planning to cease operations at its production facility and move fully into a co-manufacturing business model.

Amid its retooling of cannabis edibles company TSUMo Snacks, CPG venture studio Redbud Brands is also now developing a new class of brand launches as it moves on from others it has discontinued.

Syrian frozen food maker Afia is poised to unlock new growth as it recently moved into a 21,000 sq. ft. facility and eyes expanding into new retailers and channels.

Get ready for our November Community Calls! This month, hear how to market regenerative agriculture to consumers, protect gross margin in the long term, troubleshoot and brainstorm velocity, and find out what kind of innovation gets a buyer’s attention.

The plant-based protein industry has long argued that government intervention is necessary for the category to compete with the heavily subsidized, industrial animal agricultural sector. While the U.S. has made only some baby steps in that direction – internationally, the idea is gaining some ground.

After the exit of co-founder and CEO Caroline Yeh this summer, cannabis-infused food brand TSUMo Snacks is now aiming to retool and relaunch in the mainstream marketplace as a hemp-based product.

Now almost 40 years in, CPG focused private equity shop Brynwood Partners gave a clear signal today that it isn’t anywhere near done with its business model of buying and retrofitting well-known brands for a second run at success.