‘We have ambitions to become a snacking powerhouse’

Hershey has made some successful moves in the snacking category over the past five years. In 2017, the company acquired Amplify Snack Brands and its portfolio, which included SkinnyPop popcorn, Paqui tortilla chips, and Tyrrells potato chips. In 2018, Hershey purchased Pirate’s Booty from B&G Foods. And in November 2021, the company made its second … Read more

‘On a run rate basis, we’ll hit $1bn in US retail sales in the next couple of months’

“We​ serve less than 20% of US households, but we know that great tasting, natural foods are relevant to a lot more than 20% of the population,” adds Stokes, who joined Mars in June 2019, moved to KIND (as chief growth officer) in spring 2021, and took the helm of its North American business in … Read more

‘Importantly, we’ve seen less elasticity in the most-premium products in our portfolio’

Speaking on the firm’s Q1 earnings call Friday, CEO Ryals McMullian said: “Most encouragement is the fact that with a significant amount of price increases in January, we actually grew our units as well with our top brands, Nature’s Own, Dave’s Killer Bread, and Canyon Bakehouse.​ “Despite higher prices and supply chain headwinds, volumes for … Read more

Whole cacao snack reaps SNAC Tank approval for its people and planet-friendly pedigree

According to SNAC, the caliber of finalists in this year’s ‘pitch’ competition bowled over the judges with their disruptive ideas and solid brand pitches. Candid was awarded the $10,000 grand prize for its better-for-people-and-planet cocoa bites, which are made from the whole cacao pod (both seeds and fruit). This method makes Candid the first company … Read more

Catalina Snacks CEO… ‘The majority of our audience just want to eat less sugar and fewer carbs’

Catalina Snacks was founded in 2017 by Krishna Kaliannan who as a Type 1 diabetic missed the typical snacks and breakfast foods he once enjoyed (Cinnamon Toast Crunch and Oreos) and was growing tired of an endless cycle of eggs and nuts to maintain his blood sugar levels . Through online research into low-carb baking, … Read more

‘I think COVID shocked our systems in a lot of ways’

“I think COVID shocked our systems in a lot of ways,”​ said Wolf, who noted how as consumers spent more time at home, they tended to seek out familiar comfort foods leading to a spike in sales in Mondelēz’s core business of cookies and crackers. But the tide is shifting towards discovery of new brands … Read more

Food and beverage companies suspend operations in Ukraine

Finished products companies including Coca-Cola, Grupo Bimbo, Mondelēz International and international ingredient suppliers including ADM and Bunge have sprung to action as the conflict between Ukraine and Russia escalated last week with Russian troops invading Ukraine’s capitol Kyiv and its second largest city Kharkiv over the weekend. Mexican breadmaker Grupo Bimbo announced on Sunday that … Read more

Taza Chocolate celebrates milestone, shines light on industry

Co-Founder and CEO Alex Whitmore acknowledges that a million pounds of chocolate may seem small compared to industry giants like Hershey’s that put out more than £1 billion a year, but it’s very important to a family business built on social and environmental responsibility, authenticity and transparency. “The million pound milestone that we achieved in … Read more