Top Feature

Conagra reported a 6% increase in organic net sales during Q3 fiscal year 2022, largely driven by consistent consumer demand for its frozen and snack products. However, the company said it experienced “higher-than-anticipated” market inflation throughout the quarter, which it expects will continue to impact pricing across its frozen, refrigerated and snack businesses.

After receiving a $10 million injection of venture capital earlier this month, functional chocolate bar maker Mid-Day Squares is already putting that money to work, bringing on a slate of industry vets to its executive team, breaking ground on a new U.S. production facility and revealing its fourth SKU – Cookie Dough – set to launch this fall.

Plant-based bar brand Zing announced that co-founder and CEO David Ingalls will transition into the newly created role of Chief Innovation Officer while former CMO Grace Erickson will take the helm.

Frozen entree and appetizer brand Real Good Foods (RGF) announced today the opening of its second production facility in Bolingbrook, Illinois. The move comes after the publicly traded company has brought the majority of its manufacturing in-house in an effort to improve its cost structure, margins and profitability.

In the latest episode of Elevator Talk, we feature leaders from NoBull Burger, Plant Based Seafood Co, Charlie’s Table, Cerebelly and Freestyle Snacks. Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week’s special co-host is Cessna Mac, a principal with Amberstone Ventures, who shared her thoughts, questions and feedback with the participants.

Mexican-American food maker Siete announced on Monday the launch of canned beans, a move that takes the brand from snacks, sides and condiments squarely into the center of the plate. The two-SKU line will help the company expand to new parts of the store while continuing to marry its founders’ heritage with a better-for-you positioning.

Allergy-friendly and superfood-infused ice cream brand Sunscoop announced today it has raised $2 million in seed funding led by Vibrant Ventures, an investment firm focused exclusively on plant-based CPG, with additional participation from H/L Ventures and Torch Capital, among other early angel investors. The company said it will use the new capital to continue expanding its team, distribution and product portfolio.

The FDA announced last week that it will not enact specific provisions from the 2021 Yogurt Standard Of Identity (SOI) regulations after the International Dairy Foods Association (IDFA) and Chobani filed six objections to specific articles regarding ingredients and processes used for yogurt production.

Coffee wholesaler Westrock announced today it is merging with Riverview Acquisition, a special purpose acquisition company (SPAC), to go public in a transaction that values the combined company at just over $1 billion.

Food makers have long viewed April Fool’s day as a time for some out of the box new product innovation. While it seems many brands have forgone lighthearted launch “announcements” this year, a select few have poked fun at emerging trends, mocked the personal care aisle and overall, had us raising a few eyebrows. Here’s a look at some of the pranks we fell for today.