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

In this reviews roundup, we check out Protein Pints ice cream, Mings frozen meals and Bumpin Blends’ Barbie collab.

The Hershey Company posted a 13.8% year-over-year net sales decrease to $2.8 billion during the first quarter in its earnings release this morning, though the decline was softer-than-expected thanks to growth in its North America Salty Snacks segment.

Today, Conagra announced the signing of a definitive agreement to divest Chef Boyardee to Hometown Food Company for $600 million in cash.

The CPG Week podcast dives into the recent FDA/HHS directive to remove synthetic food dyes from food and beverages, discussing the feasibility of the plan and how it will complicate food manufacturing.

Despite a “dynamic operating environment,” Oatly CEO Jean-Christophe Flatin claims the company remains on track to deliver its first full year of profitable growth since going public in 2021.

Kraft Heinz downgraded its full-year sales outlook, citing “uncertain times” characterized by softer consumer demand in North America and looming tariffs.

As part of our exclusive data series for BevNET & Nosh Insiders, we’re partnering with Spate, an artificial intelligence platform that analyzes billions of data signals from Google, TikTok, and Instagram to identify emerging trends in the food and beverage industry.

Frozen plant-based Italian food producer Sunday Supper has appointed former Good Planet COO Spencer Oberg as CEO as it readies to launch a $2.5 million seed round.

CPG industry veteran Max Baumann is launching a new VC firm, Back to Back VC, that will pair merchandising and strategy firm Basemakers’ data with AI technology to guide investment opportunities.

In this week’s notable new products roundup, Tru Fru collaborates with Tarte Cosmetics on a limited-edition sweet treat, Khloé Kardashian steps into the packaged food space with Khloud protein popcorn, and Tillamook scoops into summer with two seasonal flavors.

PepsiCo lowered its full-year earnings forecast, citing declining consumer confidence and tariff-induced increases in supply chain costs as major hurdles to growth.

Direct-to-consumer meat and seafood seller ButcherBox has expanded its digital reach by launching on Target Plus, Target’s third-party curated marketplace.

Just like nearly every other facet of the federal government, the current administration is working to upend business as usual. One of its latest forays includes an effort to review the controversial Generally Recognized As Safe (GRAS) self-affirmation pathway, overseen by the U.S. Food and Drug Administration (FDA).

Consumers may still be feeling the squeeze from inflation, but that doesn’t mean they aren’t willing to spend more on “cleaner” products – a sentiment that’s carried over into the organic marketplace.