Food Industry

The meat producer is linking with the soda giant for an unusual collaboration, while Glen Powell’s Smash Kitchen enters the snack aisle.

The plant-based company is rolling out four new flavors and said the beverage represents its “next chapter.”

More companies are looking to quickly add new flavors and boost nutritional content. The flavoring firm’s CEO said the recent “acceleration” is unlikely to abate anytime soon.

With more states limiting what consumers can buy with food assistance benefits, Hershey and Keurig Dr Pepper are closely monitoring the potential sales impact.

CMO Tom Gargiulo explains how the sport drink’s refreshed “Choose Better” campaign will be activated around the March Madness tournament.

Elliott Investment Management said the agreement comes after “constructive engagement” with the Uncrustables maker, which has faced higher coffee prices and challenges with its Hostess acquisition.

E & J Gallo Winery is downsizing as the alcohol category remains challenged by an aging consumer base and declining consumption.

Weight loss medications, such as Ozempic or Wegovy, are already impacting sales and prompting companies to roll out smaller portions and more offerings with protein and fiber.

Higher-income shoppers tend to purchase more fresh foods while people with less money often direct their dollars toward shelf-stable products, according to NielsenIQ findings shared by FMI.

The Rancho Cucamonga facility is the latest closure by the Cheetos maker and will result in 248 layoffs.