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

Flowers Foods posted solid Q3 performance despite reporting a net sales decrease of 0.7% to $1.19 billion as positive pricing more than offset volume declines.

The Hershey Company announced today it has acquired sour candy brand Sour Strips, expanding the snacking and confectionery giant’s growing sweets portfolio. Financial terms of the deal were not disclosed.

In this week’s notable new products roundup, Heyday Canning Co. adds a limited-edition cranberry sauce to its portfolio of pantry staples, Happiness Foods hits the market with a line of flavored sprouted pumpkin seeds, and The People’s Provisions unveils a quartet of small-batch condiments.

In the wake of Hurricane Helene’s devastating impact, we spoke with a handful of brands from North Carolina to hear how they are rebuilding from loss through communal support and entrepreneurial resilience.

WK Kellogg reported an expected net sales decrease of 0.4% year-over-year during Q3 and marked its first full year since spinning off as an independent company.

The Hershey Company announced today it has downgraded its fiscal year 2024 guidance after high cocoa costs and increased pressure across all segments dragged down its third-quarter earnings.

On CPG Week, the podcast team talks about Celsius’ aspirations to go vertical and a variety of smaller acquisitions across food that nod to trends in M&A markets.

SunOpta reported strong, volume-driven revenue growth in Q3, according to its latest earnings released on Tuesday.

B&G Foods, the maker of Ortega, Cream of Wheat, and Crisco, is considering the divestiture of “some or all of the assets” in its Green Giant frozen and vegetable business unit to improve margins and cash flow following mixed Q3 results.

Growth doesn’t solve all of a brand’s problems and fast growth doesn’t solve them faster, but it does force you to deal with more of them, and sooner. That means that it’s good to hear from those involved in fast growth to map out the path. That’s why Nosh Live will feature the co-founder and CEO of Goodles, Jennifer Zeszut, in a discussion alongside one of the breakout brand’s earliest financial backers, Springdale Ventures’ Genevieve Gilbreath.

Today, Wednesday November 6th, is the last day to submit your nominations for Nosh’s Best of 2024 Awards.

Manufacturing is a difficult-to-staff sector, but food companies are broadening the pool and seeing benefits to their own business by giving an opportunity those who may have faced barriers to employment.

Washington, D.C.-based peanut butter brand One Trick Pony (OTP) has secured seed funding from Collaborative Fund. The new funds will be used to support retail growth, new innovations and an upcoming packaging overhaul in early 2025.

Plant-based superfood cookie producer Love + Chew is expanding from 177 to 500 Whole Foods Market locations nationwide. The natural retail chain carries five of the brand’s flavors: Chocolate Chia, Banana Bread, Cherry Almond, Mint Cacao Brownie, and high-protein Peanut Butter Chip for $2.99 per 2 oz. cookie.