Food Industry News, Insights, and Education for the CPG Community

In this week’s notable new products roundup, Goldfish proves that pickles can journey far beyond the jar, Cholula makes its first venture into the frozen meal set, and HelloFresh introduces a new Ranch Flight.

Also in this issue: This Week’s Notable New Products; IFT’s Product Development Finalists; Welch’s Will Relocate to Waltham; Distribution: Oat Haus Goes Publix; How She Got Walmart To Say ‘Yes’ In The Pitch Meeting.

The J.M. Smucker Company surpassed analysts’ projections in reporting a 15% year-over-year increase in adjusted gross profit for the quarter ended April 30, as price hikes and lower input costs helped offset a slump in sales.

The team discusses the family power struggle at Lifeway Foods, Poppi’s class-action lawsuit, and claims of a discriminatory workplace at a General Mills plant.

The Campbell Soup Company posted solid third-quarter earnings this morning, beating analyst expectations as net sales increased 6% driven by the Sovos Brands acquisition and integration.

In less than two months since abruptly shutting down all stores, declaring bankruptcy and auctioning off some assets of the combined parent company, Outfox Hospitality, it appears Foxtrot may soon saunter back into Chicago.

Health and specialty food distributor United Natural Foods Inc. (UNFI) posted a 0.1% decrease in net sales to $7.5 billion during Q3 2024 in an earnings release this morning amid the company’s ongoing business transformation efforts. “We delivered another quarter in line with our fiscal 2024 plan and our third consecutive quarter of improving profitability… Read more »

Consolidation is coming to the plant-based alternative space… or at least that is the category direction U.K.-based Wicked Kitchen is banking on. The company announced today it has joined plant-based conglomerate platform Ahimsa Companies.

The club business continues to capture consumers on price, according to Costco’s latest earnings results. The club store chain reported net income of $1.68 billion during Q3 2024.

Through its proprietary manufacturing process that smokes chips at scale, Low and Slow Snacks believes it has found the recipe for success in disrupting the barbecue chip category.

Julian Rose sees an opportunity to elevate the chocolate edibles category through superior ingredients and quality.

As online marketing and ecommerce have radically changed the playbook for brands, CPG strategy firm PLTFRM is aiming to provide a new “operating system” for modern startups, and now it’s expanding its retail and marketing services to new channels and new industries.

In this week’s notable new products roundup, ZENB makes its first foray into the ramen category, Wholly Guacamole hopes to bridge the gap between tableside and at-home guacamole, and Oat Haus takes inspiration from warm berry crumble for its newest granola butter flavor.

The aptly named pasta sauce brand is aiming to reinvent the jarred tomato sauce category with ‘innovative, flavor-forward SKUs.’