Top Feature
General Mills Projects Confidence With Strong Q4 Results
General Mills posted strong top line numbers in its latest quarterly earnings report, closing out a fiscal year that brought inflationary challenges and labor shortages as well as changes to the company’s category structure.
Alt-Seafood Maker Current Foods Raises $18 Million
After debuting its flagship, sushi-grade plant-based tuna products earlier this year, alt-seafood maker Current Foods is set to accelerate distribution efforts and expand its product range after closing an $18 million seed funding round.
After Rapid Growth, Eclipse Raises $40M for Alt-Milk Platform
Plant-based dairy brand Eclipse Foods has raised $40 million, the company announced today, and has set its sights on expanding beyond the freezer case.
Bar Wars: Mondelēz, Kellogg’s Recent Moves Reveal A Battleground Category
Mondelēz International announced that it will buy The Clif Bar Company for at least $2.9 billion last week. While the move marks a significant step in the company’s plan to reshape its portfolio, it also aligns the strategic with one of the oldest and largest brands in the crowded bar space. Once it closes, the eight leading nutrition bars brands in the U.S. will be owned by large CPG conglomerates.
Mavericks Cookies Focuses On Branding to Land Target Store Partnership
After nearly two years in Whole Foods, better-for-you kids snacks brand Mavericks is hoping to re-introduce itself to consumers with a packaging refresh and the launch of one of its products in 1,250 Target stores.
Clif Reaches $10.5M Settlement On Healthy Label Claims
The Clif Bar Company announced Friday it has reached a $10.5 million settlement agreement in a class action case alleging the brand misleadingly labeled its Clif Kid ZBars and “Classic” Clif Bars to convey messages of health and wellness, even though 37% of the calories in the product come from added sugar.
The Checkout: Shopper Response To Price Increases Drive Private Label Loyalty, Says FMI; Gorton’s Fights Back On Sustainably-Sourced Definition
In this week’s Checkout: FMI finds loyalty for private label products is on the rise; Gorton’s fights back on definition for sustainably sourced fish; SFA Trendspotters report the top themes recognized at this year’s show and Moolec announces its roadmap to an IPO.
Notable New Products: Chickpea Tortilla Chips & Dill Pickle Flavored Popcorn
This week’s new products saw brands delving deeper into plant-based protein options, launching unique popcorn flavors and going bananas over the launch of Minions: The Rise of Gru with a new variety of mini muffins. Plus, GoodPop unveiled its newest organic popsicle variety just in time to help you beat the summer heat.
Sustainability On-Pack: Commitments To Cut Carbon Take On New Looks
Brands are trying to find new ways to accurately communicate their environmental commitments, and for many, that has required the development of a new set of certifications that extend beyond the older, established classifications.
Climate Concerns Drive Shareholder Agenda At Kroger Meeting
The adoption of measures to reduce plastic pollution, a motion to join an organization working to enhance protections for U.S. agricultural workers, and eliminating the output of hydrofluorocarbon (HFCs) from refrigeration were among the most contested shareholder proposals presented during Kroger’s annual investor event today.
