News

Ahold Delhaize is offloading its online New York City grocery delivery business FreshDirect to Turkish startup Getir, the company announced this morning.

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.

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.

Dirty Hands is expanding its range of client services in brokerage, merchandising and sales support with the acquisition of CPG sales consultancy firm Burgess Strategic Advisors.

In this week’s new products roundup, Magnolia Bakery teams up with Incredibles to create an “intoxicating” line of chocolate bars, Acid League gives consumers Shortcuts in the kitchen and MyMochi jumps on the pickle-flavored product trend.

Stellar Snacks is heading East. The Nevada-based pretzel brand and manufacturer announced this week it is readying a new 434,000 sq. ft. manufacturing space in Kentucky in order to meet growing pretzel demands, bring better quality manufacturing jobs to the region and streamline logistics for its East Coast business.

On this week’s show, the NOSH team ponders Eminem’s new CPG venture, Mom’s Spaghetti, and discusses why yet another cannabis company is switching focus to the hemp-derived THC market. We hear from Blue Zones Kitchen, to learn how the team translated a two decade-old diet and lifestyle into a new frozen CPG food line.

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.