‘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

Consumer demand for sustainably sourced products sees Fairtrade sales boom

Fairtrade said demand is also translating into sales, with the Co-op’s ‘Ethical Markets Report 2021’ noting that the UK ‘green pound’ has reached record levels, breaking through the £100bn mark for the first time. The organization’s own figures set out in its latest annual report show sales of Fairtrade cocoa grew by 3% and were … Read more

Plant-based products help Nestlé with key growth as company commits to ‘business as a force for good’

Although its profit margins were hit by cost inflation, Nestlé witnessed continued retail growth and a recovery in out-of-home and said organic growth reached 7.5%, with internal volume growth of 5.5% and pricing of 2%. Total reported sales increased by 3.3% to CHF87.1bn, with foreign exchange reducing sales growth by 1.3% and net divestments by … Read more

ISM 2022 in full swing with emphasis on plant-based and healthy products

Amidst the tight restrictions of COVID-19, this year’s event attracted more than 1,300 exhibitors and the numbers of visitors are also encouraging for one of the world’s leading trade fairs for the sweets and snacks sector. Chocolat Madagascar director, and one of the exhibitors, Neil Kelsale, told ConfectioneryNews:Understandably with much lower turnout due to the … Read more