Top Feature
Maple Leaf to Reassess Plant-Based Segment as Sales “Softened Beyond Expectations” in Q3
On its third quarter earnings call today, Michael McCain, CEO of Maple Leaf Foods — which largely sells animal-based proteins — said growth rates for its plant-based Lightlife and Field Roast brands have “evaporated,” with the category “unexpectedly” seeing deceleration over the past six months that has led Maple Leaf to reassess its plant-based protein business.
Kellogg’s Q3: North American Sales Flat Amid Labor Strike, Supply Chain Setbacks
The Kellogg Company today reported flat sales across North America during the third quarter as its snacks and frozen segments grew while cereal sales took a hit from ongoing labor strikes and supply chain disruptions.
Dream Pops Raises $6M, Plans for Expansion Beyond Frozen
Frozen novelty brand Dream Pops has raised $6 million as it seeks to move beyond its current portfolio and expand into the confection aisle. Ultimately CEO David Greenfeld wants to reinvent many of America’s “cult classics” for a new generation.
Mondelēz Q3: Demand Strong Ahead of More Price Hikes Next Year
In response to seeing strong demand across its biscuit and chocolate segments and rebounding sales in gum and candy, despite price increases, Mondelēz raised its full year sales outlook ahead of additional price hikes set to take place in early 2022.
Brands Seek New Occasions, Audiences With Bite-Sized Snacks
As snack brands seek to grow their product offerings and reach new audiences, many are turning to bite-sized formats. Bite-sized and miniature products — from sweet treats to savory snacks — have been a core subcategory of the snack set, but the product type recently gained popularity as a form factor because of the “permissibility” surrounding a smaller portion size.
The Latest Launches in Sweets, Snacks and More
Sweets and snack makers took on the better-for-you space this month with a range of new bars, baking mixes and chocolates from brands including GoodSam and JOYÁ. Check out the gallery for the latest product debuts, limited edition releases and notable collaborations from companies such as Chobani, Acid League and Omsom.
Magic Spoon Tests Moving Out of The Cereal Aisle
Direct-to-consumer cereal brand Magic Spoon quietly launched a limited run of cereal bars last month, step one in seeing if it can flex beyond its flagship product. Available in 16-count packs for $39, the bars sold out within 48 hours of launching on Magic Spoon’s website.
IRI Reports Data on Rising Grocery Demand Ahead of Thanksgiving
With supply chain shortages and inflated prices, this year’s holiday grocery shopping season may be notably different from years prior, according to IRI. In recent reports, the market research firm has examined grocery demand, out-of-stock rates, holiday promotions and shopping trends ahead of Thanksgiving this year.
The Checkout: Grupo Bimbo Acquires Popcornopolis; Nature’s Fynd to Open New Facility
In this week’s Checkout, Grupo Bimbo acquires gourmet popcorn maker Popcornopolis; Nature’s Fynd unveils plans for a new Chicago facility; Home Chef surpasses $1 billion in annual sales; and Straus Family Creamery tests seaweed to cut its cow-related methane emissions.
Fresca Foods Names New CEO, Takes “Agile Approach” to Manufacturing Post-Pandemic
Amid both soaring consumer demand and supply chain constraints, it’s an “exciting and challenging” time to be in the food manufacturing business, according to Brandon Viar, the new CEO at natural product manufacturer Fresca Foods. After over two decades in the industry, the Colorado-based company is refreshing its leadership and growing its category offerings in an effort to embrace a new “entrepreneurial mindset.”



