Kraft Heinz snips full-year forecast as demand drags
Kraft Heinz has cut its full-year 2024 forecast following a third-quarter net sales slump, as price hikes worked against the food major by dampening consumer demand.
Archives for October 30, 2024
ELAVI’s Costco expansion highlights demand for better-for-you options, innovative packaging
Better-for-you snack brand ELAVI doubled its Costco rotation to 30 Southern California stores in less than a year while addressing cocoa shortage and packaging changes.
High chocolate prices are not scaring Halloween revelers this season
Consumers celebrating Halloween are still unwrapping their favorite chocolate candies despite price increases, while gummy candies, popcorn and other treats capitalize on demands from price-conscious consumers, according to several recent reports.
Gen AI boosts revenues, marketing efforts for CPG brands & retailers, Google reports
CPG companies and retailers are moving beyond generative AI (gen AI) testing to realizing tangible business benefits of the technology, including increased revenues and operational efficiencies, Google shared in a recent report.
How can alternative proteins and regenerative agriculture work together?
Despite both being sustainability-focused, regenerative agriculture and protein diversification have not always got along. How can the two sectors work together?
Mondelēz International joins Unilever and Danone with strong Q3
Confectionery and snacking giant Mondelēz International has driven revenues and profits above expectations, through higher volume sales as both Unilever and Danone also showed this month.
Mars' Kellanova buyout the start of hefty snacking M&A
Mega deals within snacking are picking up pace after a quiet start to the year, with Mars’ Kellanova acquisition the tip of the iceberg as strong financial performances provide corporates with healthy cashflows.