Archives for May 7, 2021

Kellogg's MorningStar Farms and Incogmeato brands bolster Q1 2021 sales growth

More than a year out from the onset of the pandemic, and Kellogg's organic net sales remain elevated at +4% for Q1 2021 (compared to Q1 2020) largely driven by growth of its frozen foods portfolio.

NEWS IN BRIEF

Synergy Flavors acquires Innova Flavors fueling plant-based food and beverage product development

Synergy Flavors (part of Carbery Group) has acquired savory flavor and ingredient supplier, Innova Flavors, from Griffith Foods Worldwide, ramping up its savory product development of plant-based alternatives.

Hain Celestial overcomes ‘unplanned slowdown’ in baby food after category-wide heavy metal concerns raised

Hain Celestial’s baby food brand Earth’s Best “picked up significant distribution” in the company’s third quarter despite a congressional report released in February alleged there are ‘dangerously high’ trace levels of metals in baby foods produced by...

Beyond Meat Q1: ‘We have recently begun to see a slow thaw occurring within foodservice’

Beyond Meat posted a 11.4% increase in net revenues to $108.2m in the first quarter (ended April 3) and a net loss of $27.3m, with solid growth in retail (+45% to $81.025m) dented by declines in foodservice (-34% to $27.139m), although execs say they’re...