Beer slump helped by growth in premium offerings, Constellation Brands CFO says

The executive noted consumers are spending more on expensive brews, helping the Modelo and Corona maker gain shelf space.

By Chris Casey • Dec. 6, 2023

Plant-based milk maker Ripple Foods raises another $49M on heels of innovation

The company, which rolled out a new unsweetened kids’ non-dairy milk product in July, now has $274M total in funding.

By Elizabeth Flood • Dec. 5, 2023

Why Mitra 9 sees itself as the Budweiser of kava, kratom beverages

The brand seeks to capitalize on demand for better-for-you drinks, while targeting the afternoon, when people are looking to relax without the help of booze.

By Chris Casey • Dec. 4, 2023

Turkey drags down Hormel earnings amid inflation, bird flu headwinds

In the company’s earnings call, CEO Jim Snee signaled caution ahead of the new year, projecting a decline in sales as consumers cut back on spending.

By Chris Casey • Nov. 30, 2023

Kraft Heinz’s incoming North American president dishes on innovation, M&A

Pedro Navio, who takes over from soon-to-be CEO Carlos Abrams-Rivera, also discussed with Food Dive the biggest challenges and opportunities facing his business.

By Christopher Doering • Nov. 30, 2023

Kraft Heinz launches plant-based mac & cheese

The product, which starts hitting shelves this week, is the third innovation launched by the CPG giant and food tech company NotCo in just over a year.

By Christopher Doering • Nov. 29, 2023

Danone partners on $200M+ accelerator to reduce methane

The yogurt producer is the first corporate sponsor of the Global Methane Hub’s program, which will fund research for solutions that address livestock's effect on emissions.

By Chris Casey • Nov. 28, 2023

Anheuser-Busch spends $13M to upgrade Georgia brewery

The investment in its Cartersville location will increase the production of its craft offerings and beyond beer portfolio, which includes hard seltzers and canned cocktails.

By Christopher Doering • Nov. 27, 2023

Kim Kardashian’s firm acquires minority stake in Truff

The investment is the first for private equity arm Skky Partners as it looks to cash in on growing demand for spicy, unique condiments.

By Chris Casey • Nov. 21, 2023

Beyond Meat makes another push into restaurants with Pizza Hut pepperoni in the UK

The topping will be available for a limited time starting in January. The plant-based pioneer has struggled to gain traction with similar partnerships in the U.S. 

By Christopher Doering • Nov. 20, 2023

Brown-Forman sells chardonnay maker to Duckhorn for $400M

The luxury wine company said its purchase of Sonoma-Cutrer Vineyards brings a leading brand in the growing chardonnay category to its portfolio.

By Chris Casey • Nov. 20, 2023

Snickers maker Mars to buy UK chocolatier for $665M

The purchase of Hotel Chocolat expands the confectionery giant’s presence in the region and increases its exposure to premium offerings.

By Christopher Doering • Nov. 16, 2023

How grocery shoppers are planning to celebrate winter holidays amid food cost concerns

Half of surveyed consumers said they’re concerned about rising prices for holiday celebrations, per findings from FMI – The Food Industry Association.

By Catherine Douglas Moran • Nov. 16, 2023

Tyson leaving ‘no stone unturned’ in plans to cut costs, improve the business

The nation’s largest meat packer reported its third consecutive loss as it trudges through a period of margin compression driven by tighter supplies, lower pricing and soft demand.

By Nathan Owens • Nov. 14, 2023

Why Magnolia Bakery has high hopes for edibles endeavor

The New York City chain’s entrance into cannabis signals the continued promise food and beverage companies see in the space despite a lack of federal regulation.

By Chris Casey • Nov. 14, 2023

Beyond Meat in ‘survival mode’ with going-concern risk a possibility, analyst says

A TD Cowen report pointed to several troubling signs for the plant-based pioneer, including loss of market share, struggles to attract and retain consumers, rising debt level and declining sales.

By Elizabeth Flood • Nov. 13, 2023

General Mills buys pet supplements maker Fera Pets for undisclosed amount

The purchase will be housed inside a growth equity fund created by the cereal giant to scale and expand newly acquired businesses for future integration into its core portfolio.

By Chris Casey • Nov. 10, 2023

Tyson to shutter 2 more processing plants as earnings woes mount

Closures in South Carolina and Florida add to the growing number of cost cuts this year in response to unfavorable market conditions.

By Nathan Owens • Nov. 10, 2023

Ingredion reorganizes business, focuses on ‘texture and healthful solutions’

The company said moving from operating on a regional level to a global one will provide greater insight into its performance for investors.

By Elizabeth Flood • Nov. 9, 2023

B&G Foods sells Green Giant US canned vegetable line to Seneca Foods

The Crisco and Ortega manufacturer said it continues to explore divesting products that have low margins or cash flow, as well as items that do not fit with its core portfolio.

By Christopher Doering • Nov. 9, 2023

Miyoko’s Creamery closes California plant to prepare for growth

The plant-based dairy maker will outsource its production process to meet demand in a more cost effective way.

By Elizabeth Flood • Nov. 9, 2023

How tech, venture capital can help food industry meet 2030 emissions goals

Efforts like feed additives for cattle and implementing solar panels on farms can help producers decrease their carbon footprint, Ceres said in its latest report.

By Chris Casey • Nov. 8, 2023

Nestlé invests, partners with food-delivery startup Wonder Group

The investment, reportedly at $100 million, will allow the Stouffer's and Sweet Earth manufacturer to capitalize on the strong recovery in the foodservice channel.

By Christopher Doering • Nov. 8, 2023

Crowded cultivated meat industry primed for ‘shakeout’

A new financial advisory report predicts a challenging environment for big players in the space leading to consolidation.

By Elizabeth Flood • Nov. 7, 2023

Shoppers aren’t changing their Thanksgiving meal plans but are seeking more savings

Price-conscious consumers say they’re willing to dig deeper to put holiday dinner on the table, but grocers still need to help them along with smart discounts, Circana noted in a report.

By Sam Silverstein • Nov. 6, 2023