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

In the latest episode of Elevator Talk, we feature leaders from Mighty Yum, Behave Candy, Chutni Punch, Lubini and Kanira. Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week’s special co-host is Kari Pedriana, the co-founder and CEO of Green Spoon Sales, who shared her thoughts, questions and feedback with the participants.

Elevator Talk is returning to NOSH Live! Our Elevator Talk pitch series provides the opportunity to pitch your brand at NOSH Live, taking place in Marina del Rey on November 30 and December 1.

Ahold Delhaize is offloading its online New York City grocery delivery business FreshDirect to Turkish startup Getir, the company announced this morning.

The Hain Celestial Group saw net sales drop 3.3% in Q1 FY2024 (compared to a 2% drop in Q4 2023) as the impact of its Hain Reimagined strategy is being felt, said president and CEO Wendy Davidson in a statement.

Entrepreneurs have a love-hate relationship with the big CPG companies: they make fun of their lumbering approach to innovation and their distance from consumers, but they admire their distribution efficiency and crave their resources. At NOSH Live Winter 2023, attendees will hear from executives who are familiar with both ends of the industry spectrum.

Dive into all the with NOSH’s Weekly Briefing with all the top news from last week including Mondelez’s 15% Q3 Revenue Growth, Brynwood’s $750M Raise and DiGiorno’s turkey pizza.

Dirty Hands is expanding its range of client services in brokerage, merchandising and sales support with the acquisition of CPG sales consultancy firm Burgess Strategic Advisors.

In this week’s new products roundup, Magnolia Bakery teams up with Incredibles to create an “intoxicating” line of chocolate bars, Acid League gives consumers Shortcuts in the kitchen and MyMochi jumps on the pickle-flavored product trend.

Stellar Snacks is heading East. The Nevada-based pretzel brand and manufacturer announced this week it is readying a new 434,000 sq. ft. manufacturing space in Kentucky in order to meet growing pretzel demands, bring better quality manufacturing jobs to the region and streamline logistics for its East Coast business.

On this week’s show, the NOSH team ponders Eminem’s new CPG venture, Mom’s Spaghetti, and discusses why yet another cannabis company is switching focus to the hemp-derived THC market. We hear from Blue Zones Kitchen, to learn how the team translated a two decade-old diet and lifestyle into a new frozen CPG food line.

As it continues to focus on its core categories of chocolate, biscuits and baked snacks, Mondelez International reported net revenue growth up 16.3% in Q3 to over $9 billion, raising its full year revenue growth outlook from 12% to 14%-15%.

Soft sales in the plant-based meat category continue to batter Beyond Meat’s revenue in Q3, according to president and CEO Ethan Brown, as the company reported a loss of between about $7 million to $8 million in gross profit despite earning $75 million in net sales.

Global food giant Kraft Heinz reported a 1% increase in net sales this quarter, attributable to the performance of its core three pillars – U.S. Retail GROW Platforms, Foodservice and Emerging Markets.

At NOSH Live on November 30 + December 1 in Marina del Rey, natural food brands are invited to participate in private, 30-minute meetings with representatives from SPINS, a leading data and insights provider in the natural and specialty products industry.