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Smucker's Company announced net sales were up 4% over the past quarter. However, the company indicated that they expect a decrease in the year ahead due to “a dynamic and evolving external environment.”
This move follows a trend of large conglomerates splitting into more focused businesses.
Candy giant Mars, maker of M&M’s, will acquire Cheez-It parent Kellanova, signaling that these brands are still betting on snacks.
They aren't buying the food companies for the long run or the delicious taste.
Brands often rely on food influencers to connect with new audiences.
A mechanical mouth is helping some big food companies reformulate products.
Recalls and brand damage related to food fraud cost companies billions.
Packaged food companies' big brands are suffering as consumers opt for fresh food.
