‘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

Nestle enjoys strong sales as consumer spending remains ‘resilient’ despite 5.2% price hike

“So far, we have not seen any material evidence of negative [real internal growth] elasticity linked to price increases,”​ which grew 5.2% overall and a significant 8.5% in North America during the three months of the year, Nestle CFO Francois Roger said during the company’s first quarter earnings call Thursday. Rather than slowing in the … Read more

Barry Callebaut announce 8.7% rise in sales volumes as Russia exposure hits share price

In its statement to the media, the Group said the strong growth was supported by all regions and its key growth drivers: Outsourcing (+7.3%), Emerging Markets (+8.7%) and Gourmet & Specialties (+29.5%). Sales volume in Global Cocoa grew by +4.0% to 227,951 tons. Snapshot H1 sales volumes up 8.7% to 1.165 mln tonnes Recurring net … Read more

US chocolate and candy sector in good health as sales soar over 11% in 2021

Released this week at the organisation’s State of the Industry Conference in Florida, the report is eagerly awaited by companies operating in the US market as it is the definitive source for confectionery category performance data and provides a deeper understanding of shifting consumer attitudes and behaviors in a disrupted marketplace. The report reveals that … Read more

US chocolate and candy sector in good health as sales soar over 11% in 2020

Released this week at the organisation’s State of the Industry Conference in Florida, the report is eagerly awaited by companies operating in the US market as it is the definitive source for confectionery category performance data and provides a deeper understanding of shifting consumer attitudes and behaviors in a disrupted marketplace. The report reveals that … 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

Self-care, pandemic-strain fuel surge in Valentine’s Day chocolate sales as licensing deals reinforce year-long demand

Leading the charts will be chocolate, which two-thirds of Americans typically eat on Feb. 14, followed by 50% who eat cake or cupcakes on the holiday, 48% who report typically eating candy hearts, and 44% who favor gummies, according to research conducted by OnePoll for Sugarbreak, a BCrop focused on reducing sugar consumption. Within chocolate, … Read more