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…
Tag:
sales
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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…
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Food News
The Weekly Sip: Diageo’s spirits sales fall flat | International Delight turns to ‘Home Alone’ nostalgia for coffee
Diageo earnings fall as consumers cut back on spirits The maker of Guinness is struggling to manage a cooler purchasing environment as higher-end alcohol falls to the backburner for many consumers. In its financial results released this week, Diageo reported…
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Key Points: Kellanova reported a 4% increase in organic net sales year-over-year in its latest quarter, with a 5% decrease in net sales attributed to currency issues and the divestiture of its Russian business. CEO Steve Cahillane highlighted Pringles as…
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Pennsylvania grocery stores are gearing up to introduce ready-to-drink cocktails to their shelves. Last week, Governor Josh Shapiro of Pennsylvaniasigned a bill amending the state’s Liquor Code to allow restaurants and grocery stores to sell ready-to-drink cocktails. The new law,…