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

Popped sorghum brand Cob has closed a $5 million seed round led by tennis legend Novak Djokovic, as it positions itself as a healthier alternative to popcorn.

This week, we’re looking at Q3 earnings calls from some of the industry’s biggest players and licking on a patented JonnyPops treat – while curled up on a cozy Buldak couch. Hey, what more could you ask for?

SNAP funding is set to run out on Saturday amid the ongoing government shutdown. Retailers and food companies are bracing for the impact of lower sales as that $8 billion in spending power is removed from the market overnight.

In this week’s notable new products roundup, Doughlicious adds a new format to its portfolio of cookie dough products, Carmine’s Italian Restaurant celebrates its 35th anniversary with jarred sauce, and Kooshy gears up for the holiday season with stuffing mix.

Nosh’s annual “Best Of” Awards celebrate the people, brands, products, and ideas that are shaping the future of the packaged food industry. Submit your nominations by midnight tonight, Oct. 31.

The Hershey Company beat expectations for its Q3 2025 earnings today, raising its full-year outlook after reporting a 6.5% net sales increase to over $3.1 billion for the quarter. The North America Confectionery segment reported a 5.6% net sales increase to $2.6 billion.

Nut butter and confection company Justin’s will soon return to private ownership, a move that incoming CEO Peter Burns – who previously served as CEO from 2014 to 2016 – believes will “unlock the true potential of the brand.”

Chomps is partnering with co-manufacturing partner Landmark Snacks to build a new production facility that will boost its capacity by 15%.

Gigantic Candy has returned with refreshed packaging and an updated take on its better-for-you candy line; Tusol Wellness expands into protein bars.

This week on the podcast, Nosh managing editor Monica Watrous and senior reporter Brad Avery talk about Recess’ new funding round and leadership addition, a premium bourbon brand on the block, and new cash for Robert Downey Jr.’s coffee brand. The podcasters also discuss the closure of an alt-cheese maker and the surge in demand for gummy formats in supplements and in candy.

Diaspora Spice Co. unveiled one of its most high-profile collaborations to-date this month as the Indian and Sri Lankan-sourced business works to navigate the unpredictable tariff environment.

Oatly achieved its first quarter of profitable growth since going public, reporting gains in revenue and volume, despite nearly suffering a 10% drop in North American sales.

Kraft Heinz reported sales declines and narrowing margins in Q3 as it prepares to separate into two companies during the second half of 2026.

Fruitist closed $150 million in equity funding to accelerate retail expansion for its line of premium packaged berries. The round was led by J.P. Morgan Asset Management, alongside new and existing investors. The Los Angeles-based company is reportedly valued at $1 billion.