In this complicated back-to-school environment, snack brands that relied on their allergy-friendly ‘school safe’ appeal are striving to now find a place in consumers’ homes, focusing less on the lunchbox and instead trying to capitalize on the uptick in cooking at home.
In its Q3 earnings presentation yesterday, the Campbell’s Soup Company reported that organic net sales increased 17% year-over-year to $2.2 billion over the quarter. Looking ahead, CEO Mark Clouse outlined four trends expected to stick: “quick scratch cooking,” accelerated use of click-and-collect and home delivery, center store’s increased relevance and value.
Mondelez wants to teach consumers that more isn’t necessarily merrier when it comes to snacking. In its ‘Snacking Made Right’ report and on an investor call Friday, CEO Kirk van de Put outlined plans to promote balanced, mindful snacking and outlined the company’s wide-reaching sustainability strategy.
Where does a floating grocery store land during a pandemic? What about a curated snack service for office workers? As most daily activities move online, businesses whose plans rely on disrupting the everyday grind with exciting new products need to move forward — including snack services and experientially-focused popup retailers.
Although impulse buys are taking a hit during COVID-19, IRI expects on-the-go snacks to regain steam, especially with younger generations and Hispanic shoppers, once normal schedules return. In a recent report, IRI discussed the organization’s findings on snacking trends during 2019 and COVID-19 — and how both might influence the future of snacking.
Hershey’s announced plans to sell off once high-flying jerky brand KRAVE, along with artisan chocolate brands Scharffen Berger and Dagoba, during a quarterly earnings call that reflected a few months of dramatically-shifting consumer habits toward the confection company’s chocolate products.
Snack brand Supernola debuted in retail in February and is now selling its organic granola clusters in 8,000 stores, including Walgreens, select Giant and Whole Foods locations and natural retailers.
At the annual Consumer Analyst Group of New York (CAGNY) conference this week, leading CPG companies discussed their 2019 results — and plans and strategies for the future. For many, those plans include meeting consumer demand for wellness-oriented products with more offerings, especially in snacking and alternative protein.
Banking on consumer appetites for clean ingredients and responsibly-sourced meat, entrepreneur and investor Zubin Mehta launched Union Snacks into retail last week with two varieties: Charcuterie Crisps and Trail Mix Squares.
Hershey’s Q4 earnings call today reviewed the company’s savory snack strategy, the success of its most recent acquisition — low-sugar, high-protein bar company ONE Brands — and what the company has learned from jerky brand KRAVE not reaching expectations.