Mars — the maker of M&M, Skittles and Snickers — entered into a definitive agreement to acquire Kellanova, assuming its $6 billion in debt, for $83.50 per share in an all-cash deal, financed by a mix of available…
At the DGAC May 2024 meeting, the committee identified a lack of research on the connection between UPFs and diet-related diseases. They pointed out limited evidence regarding a link between increased consumption of these foods by various…
As jerky consumers in the US reach more than 132 million, a 2.91% increase since 2020, meat snack brands are delivering more nuanced value propositions from diverse species and bite-sized formats to creative packaging designs. Exotic varieties…
“While inflation has moderated and wages continue to trend upward in North America, we are closely monitoring consumer sentiment and traffic trends between at home and away from home consumption,” CEO James Quincey said yesterday…
For the first quarter of fiscal year 2024, ending March 23, PepsiCo achieved $2.04bn in net income, compared to $1.93bn for the same quarter last fiscal year. Also, PepsiCo saw net revenue growth of 2.3%, and earnings…
“Away-from-home is a big, big element of our future strategy. We’re big in away from home. We’re big in on-the-go. We’re big on immediate consumption both in our snacks and beverage business. We want to…