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

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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.

After nearly a decade under the ownership of massive protein company Hormel Foods Corp., Justin’s – the nut butter and confection company started by entrepreneur Justin Gold in 2004 – is coming back under private ownership, with Gold and former CEO Peter Burns returning to the company.

In conjunction with its 60th anniversary, PepsiCo has unveiled a new visual identity to “highlight the depth and diversity” of its portfolio that includes over 500 brands.

Organic frozen fruit pop purveyor HUNDY! has secured $350,000 in fresh equity funding, according to a filing with the U.S. Securities and Exchange Commission (SEC).

After nearly a decade at the helm of IBS-focused food brand Fody Foods, founder Steven J. Singer is stepping down as CEO. Taking over the role is Andy van Ark.