News
Food and beverage industry news.
A Natural Shift? Sprouts Posts Sales Surge As Natural Products Go Mainstream
This week, Sprouts posted a Q2 net sales gain of 17% YoY this week as comparable store sales growth clocked in at 10.2%.
TreeHouse Foods: Operational Improvements Lift Q2 Margins
TreeHouse Foods posted a net sales increase of 1.2% to $798 million in the second quarter as operational improvements helped lift margins.
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Routes To More Roots: Whole Foods Backs Mad Ag’s Biodiversity Project
Whole Foods Market and nonprofit Mad Agriculture are working with CPGs on a new biodiversity highway initiative that aims to reconstruct native ecosystems across American farmland.
CPG Week: Keurig Dr Pepper’s Drink Mix Deal and Black Rifle’s Legal Combat
On the CPG Week podcast, Nosh managing editor Monica Watrous and senior reporter Lukas Southard discuss Keurig Dr Pepper’s acquisition of Dyla Brands, the legal drama surrounding veteran-owned Black Rifle Coffee Company, and formation of a new collective advocating for higher standards across the food system, and the challenges and triumphs of dehydrated fruit company BranchOut Food.
Beyond Drops ‘Meat’ From Name in Shift Toward Wider Plant-Based Platform
Beyond Meat, one of the most recognizable players in plant-based protein, is ditching the second half of its name to reframe itself from a meat alternative to a protein business.
Philadelphia, Primal Kitchen Drive Gains as Kraft Heinz Weighs What’s Next
Kraft Heinz didn’t dive into rumors on today’s earnings call that it may be the latest food conglomerate to divide up and sell off certain business segments, but it did make an effort to reassert its confidence in the company’s future.
Hershey: Cocoa Pricing Dominates Q2 Earnings, Outlook
The Hershey Company reported Q2 net sales growth, while net income and adjusted EPS both declined amid a “volatile” cocoa pricing market.
PE-Backed Turri’s Adds Joseph’s Premium Frozen Products
Benford Capital Partners-owned Turri’s Italian Foods has acquired Joseph’s Gourmet Pasta from LaSalle Capital in a deal announced on Tuesday.
Mondelēz Signals New Wave of Price Hikes Amid ‘Unprecedented’ Cocoa Inflation
Rising sales in Europe helped offset weak domestic demand for Mondelēz International’s chocolate and biscuit products during the second quarter.
Righteous Felon Rides Meat Stick ‘Rocket Ship’ To New Heights
Known for its craft beef jerky, Righteous Felon has spent the last few years reallocating resources toward its meat stick offerings, with sales rapidly growing as a result.


