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

The Simply Good Foods Company reported “slightly better than expected” gross margin and sales growth from the Atkins and Quest Nutrition brands in Q3 amid onboarding the company’s newest brand, OWYN.

During the Wall Street Journal Global Food Forum this week, speakers ranged from government officials to private sector executives and investors who provided a bird’s eye view into key trends and the industry’s response. From our notes, here are some highlights.

On this episode of CPG Week, the team talks about what was seen and tasted at the Summer Fancy Food Show as well Curaleaf’s move into hemp and the uphill battle for functional beverage ingredient kava.

Also in this issue: why ultra-processed foods are making mass headlines, is this the end of the sub-$100 cookout, The Simply Good Food Company earnings recap and Swander Pace invests in Inovata Foods.

We’re still catching our breath – and digesting so many delicious bites – from the Specialty Food Association’s Summer Fancy Food Show earlier this week in New York. Here’s another round of trends and notable new products at the event.

General Mills’ Q4 sales decline reflects the company’s struggles with lower volumes and retailer inventory reductions as well as a drop in demand among value-oriented shoppers.

Also in this issue: how Amia is working to build a migraine-trigger-free food market, General Mills posts Q4 earnings, FDA warns Bimbo Bakeries over allergen labeling and more.

Better-for-you bread is baking up to be big business. Today, Hero Bread announced the closing of a $21 million funding round co-led by Cleveland Avenue, DNS Capital and Composite Ventures.

Forty million Americans experience migraines. One Austin, Texas-based startup wants to help ease the pain by creating a new category of “trigger-free” foods.

Also in this issue: MOSH debuts a new look, formulation and retail relationships, details on Nestlé’s GLP-1 Nutrition Support Platform, Sprinkles debuts at Target and behind the Scenes of ‘Common Ground.’

New products, innovative brands and industry trends were showcased at the annual Summer Fancy Food Show hosted by the Specialty Food Association. Here’s a first look from Nosh.

In this distribution roundup: Mila goes nationwide with Whole Foods, Jackson’s expands to Walmart stores, Pasta Rummo launches at Sprouts and more.

In this week’s new products roundup, Digiorno teams up with Marvel to celebrate the upcoming release of “Deadpool & Wolverine,” Mavericks expands its snack portfolio with the introduction of sandwich crackers and Pilgrim’s hopes to “knock the boredom out of chicken.”

The Kroger Company surpassed analysts’ projections in reporting first-quarter sales of $45.3 billion, up from $45.2 billion the previous year, fueled by the better-than-expected performance of its grocery business and increased household penetration.