Key Points: Private label sales reached a new high of $271 billion last year, growing by 3.9% compared to 2023. Private label sales outpaced national brands, which only saw a 1% growth rate. All 10 food and non-edible departments tracked…
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Key Takeaways: Constellation Brands is focusing on its Mexican beer offerings as its wine and spirits division experiences significant declines, according to CEO Bill Newlands during the recent earnings call. Pacifico, Modelo Especial, and Modelo’s Chelada brews saw sales growth…
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The Weekly Sip is Food Dive’s column focused on the latest news in the rapidly changing and growing beverage sector. From inaugural product lines to big investments and controversial topics, this column aims to quench the thirst for developments in…
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Kellanova is optimistic about its outlook for 2025 following a strong performance in its most recent quarter, fueled by increased demand for its snack products. The company, known for its Pringles brand and set to be acquired by Mars for…
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Key Points: Nestlé is making changes to its organizational structure and executive board due to slow sales growth. Changes include reducing the executive board size, merging Latin America and North America units, and combining Greater China with Asia, Oceania, and…
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According to data from Wine & Spirits Wholesalers of America (WSWA), wine sales decreased by 8% in the year ending August 2024, indicating challenges ahead for the category amidst changing consumer trends. Industry expert Dale Stratton attributes the decline in…
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Exciting News: Black Rifle Coffee has teamed up with Keurig Dr Pepper to introduce a new line of ready-to-drink energy beverages. The launch is set for the fourth quarter, with nationwide availability expected in early 2025. The energy drinks will…
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As Hershey unveils a major innovation for its Ice Breakers gum brand after five years, a high-ranking executive expresses confidence in the new product: “We expect it to make a significant impact.” The new product, named Flavor Shifters, offers a…
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Key Points: Kraft Heinz has appointed Marlene Creighton as the chief sales officer for U.S. retail, starting in June. Creighton joins Kraft Heinz from Hershey, where she was the chief sales officer and has extensive experience at other CPG giants.…
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Devin Cole has been appointed as the new president of international operations at Tyson Foods, Inc., as announced during an earnings call on Monday. Cole, who previously led teams at Tyson, returned to the company in March to oversee its…