To help drive sales during National Snack Food Month (February), Cincinnati-based retail data science, insights and media company 84.51° has shared an assortment of snacking takeaways for retailers.
With a 22% sales lift and a slimmed down net loss year-over-year in the fourth quarter, private-labeler TreeHouse Foods is reaping the benefits of recently raised prices, a still generous price gap compared to competitors and a reshaped portfolio that...
Overall US food prices accelerated in January over December after steadily slowing month-over-month between September and December, but the opposite is true for food consumed at home, which cooled in January – continuing a trend that began in December,...
Hain Celestial, like other packaged food manufacturers, isn’t ready yet to lower prices, despite pressure from Whole Foods and other retailers and moderating inflation.
‘Chocolate and salty snacks rank a two of the top three resilient treats that consumers are not willing to forgo’
Sweets and snacks giant Hershey will double down on advertising and production capacity for its fastest growing brands, including Reese’s and Skinny Pop, in the coming year to help offset price elasticity and meet consumer demand, which executives say...
Mondelez executives see no reason to lower prices or increase promotions for their iconic sweets and snacks despite reported retailer requests that brands across the board do so as some consumers begin pulling back on spending in the face of ongoing inflation.
Spice and ingredient giant McCormick & Co. is “streamlining” its workforce through layoffs and voluntary retirements as part of an initiative to cut costs by $75m in 2023 and $125m annually following a disappointing fourth quarter that missed expectations...
Food industry leaders are calling for the fast passage of bipartisan legislation introduced yesterday that seeks to ease ongoing supply chain challenges stemming from the nation’s historic 80,000 truck driver shortage, which is delaying deliveries and...
Despite a slight cooling in food prices paid by manufacturers in December from November, and a low-double digit decline in gas prices that could help ease transportation costs, the food industry still faces input costs that are up low double-digits from...
The egg industry is facing many challenges, from supply chain disruptions to higher inflation in comparison to other food categories. While many egg brands are struggling to keep up with these market pressures, the pastured-raised egg company Vital Farms...
Dollar sales of foods and beverages in IRI-measured multi-outlet stores in the US rose 8.7% to $753bn in 2022 vs 2021, driven by double-digit inflation, while unit sales dropped -3.3%, although units are still above pre-pandemic levels, according to IRI...
Many packaged food and beverage manufacturers that have trimmed serving sizes without lowering cost in recent years to mitigate inflation have tried to do so in stealth mode for fear of losing value-seeking shoppers, but new research suggests if they...
While economists and investors celebrate a slowdown in overall inflation in the US, including for food at home, the price of some grocery staples continues to rise – most notably that for eggs, which increased a staggering 11.1% in December over November,...
Despite concerns that high energy prices, supply chain and labor challenges, and geo-political strife will continue at least through the end of the year if not longer, many CPG executives remain optimistic about their companies’ performance, according...
Like most grocery categories, sales of snack and bakery products are up over the last year in line with inflation, but units are down slightly across omni channel and brick and mortar as consumers look to hold their grocery budgets in check in the face...
After years of struggling to offset unprecedented inflation with price hikes that often were too little too late, Conagra Brands has finally reached a “significant inflection point” in which net sales per unit are once again higher than the cost of goods...
While economists predict inflation will ease slightly in the coming quarters, this year could easily become a “groundhog day version of 2022” if the weather takes a turn for the worse and triggers a domino effect that strains transportation, commodity...
Soup season is in full swing as temperatures across the country drop and cold and flu cases rise. But staying warm and reinforcing their reserves when sick aren’t the only reasons sales of soup are up significantly this year over last, according to new...
The “three-headed monster” of rising inflation, product shortages and labor challenges continues to wreak havoc across the food industry with little sign of relief on the horizon – prompting many consumers to shift their shopping habits and forcing manufacturers...
Higher than expected increases in wholesale prices in November announced Friday – driven primarily by surging food prices – suggest CPG players may face tough choices in the months ahead as they try to offset extra costs either through additional price...
Frustrated by “stubborn” double-digit inflation driving up prices of shelf stable groceries, Walmart is rethinking its approach to stocking the center of the store – potentially asking existing suppliers to creatively cut costs or risk reducing their...
Campbell Soup Co. is pushing through a fourth round of “very targeted” price increases – the largest in more than a year – to offset core inflation, which continues to rise and reached its highest point in more than year, executives revealed during the...
JM Smucker Co. remains bullish on its coffee portfolio, including iconic brands such as Folgers, Café Bustelo and Dunkin, despite volume declines and greater elasticities in the category in the company’s second quarter, which executives attributed primarily...
Consumers feeling pinched by rising inflation are shifting where they shop for food, what they buy and how many items they place in their carts – prompting retailers to rethink and often reduce their product mix, reveals IRI sales data crunched by 210...
Caught between providing value for its increasingly price sensitive shopper and generating healthy profit margins, Target is identifying new ways to optimize and simplify its business to drive positive long-term growth.
While not a panacea for all the challenges facing the grocery industry, one stakeholder argues a less is more approach in 2023 may help ease the ongoing burdens of inflation, supply chain woes, and labor shortages as well as rapidly shifting shopper preferences...
As temperatures drop across the country and consumers allocate a larger portion of their budget to heating and fuel, experts predict spending will cool across other categories, including food, which has been relatively resilient despite double-digit inflation.
Once a destination primarily for budget-conscious consumers or the occasional upper-income shopper looking to pick up a last-minute item, Walmart increasingly is attracting wealthier consumers looking for less expensive groceries in the face of rising...
While still rising, grocery prices appear to be cooling while those at restaurants are stabilizing – reinforcing industry leaders’ optimism that input costs are cresting and the macro environment is beginning to stabilize.
Shoppers at Sprouts Farmers Market may be putting fewer items in their cart per visit to manage their budgets as inflation drives up prices but what they are buying tends to be higher margin grab-and-go items illustrating the need for convenience as on-the-go...
Hain Celestial is cautiously optimistic that the “macro environment is beginning to stabilize” and expects “modest sequential improvement in total company profit performance” in fiscal 2023 after better-than-expected sales in North America that softened...
Executives at private label specialist TreeHouse Foods are optimistic about the future after several rocky quarters as it celebrates the “strategic milestone” of divesting its meal prep business early last month that will allow it to focus on its more...
While consumer spending on groceries has yet to dramatically slow in the face of rising prices to offset inflation, some CPG companies – including Hershey – are bracing for an eventual pushback, even as they continue to pass additional costs through to...
Ingredient Communications’ 2022 price sensitivity survey reveals the severity that consumers are going to cope with the rising costs of living, with the majority switching to cheaper brands and retailer’s own labels, or even stopping the purchase of their...
While consumers are tightening their purse strings and cutting down on many discretionary purchases, snacking is one area many are not, according to Mondelēz International, which continues to see consumers opt for name brands over private label and value-priced...
To keep pantries stocked and food on the table – especially during the upcoming holidays – more Americans are cutting back on spending in other areas and modifying how they buy groceries as well as the types and amount of products they place in their...
Seen as the economical and convenient option for preparing meals at home during the height of the pandemic, the affordability of frozen food has slipped with the average per unit price up 17% vs. one year ago. But consumers still believe it provides good...
PepsiCo continues to raise the prices of its snacks and beverages with confidence despite some handwringing by analysts about whether elasticities, which remain at historic lows, soon will begin to give as inflation continues to squeeze consumers across...
While consumers today are exploring more money-saving strategies such as choosing lower-cost items and cooking from scratch, their personal values around health and well-being and the planet have not wavered, according to research from Innova Market Insights.
Multiple rounds of pricing actions taken by Conagra over the past several quarters have not deterred consumers from buying the company's products, as it reports "limited" elasticities across its portfolio.
Record-high levels of food inflation are impacting different segments of the population differently, with those over the age of 50 who rate their physical or mental health as 'fair' or 'poor' struggling the most, a recent poll conducted...
Ending its fiscal year on a strong note, grocery wholesaler UNFI is ramping up investment in warehouse automation and robotics as part of its long-term growth plan to enhance efficiencies and long-term profitability for its customers.
Food prices at near forty-year highs now overshadow most other consumer concerns about grocery shopping – including fears of contracting COVID-19 or experiencing violence in stores – prompting many to rethink where they shop, what they buy and what product...
With many consumers fixated on the price of their grocery bill amid ongoing inflation, mass and club channel retailers such as Costco are seeing increased foot traffic and higher shopper spending at its stores.
Rising food prices may have slowed slightly in August, but the year-over-year increase continued to rise higher into the double digits than it has in more than 40 years, according to new data from the Department of Labor.
Campbell Soup Co. reported a 6% net sales increase to $2bn in Q4 2022 (three months ended July 31, 2022) vs. the prior year, while volumes declined (-4%) for the quarter, revealing consumers may be rethinking some of their name brand purchases in favor...
While inflation has impacted the entire food and beverage industry, recent data from Euromonitor shows that in certain categories the price of lower-priced items has increased exponentially compared to more modest price increases on higher-priced premium...
Target has cut its inventory levels by 20% in the last two months in a conscious effort to streamline its business and set the company up for improved long-term growth, shared chairman and CEO Brian Cornell.
