food industry
35 stories related to this topic, newest first.
SemaforGLP-1 weight loss drugs prompt changes in fashion and food sectors
A new HSBC report projects that lower food spending tied to GLP-1 drug use could reduce overall consumer spending by as much as 7 percent in some countries. Clothing brands are adjusting designs and inventory practices for changing body sizes. Wedding retailers are adding size wa…
Usa TodayChipotle Tests Crispy Chicken at Select California Stores
Chipotle Mexican Grill is testing a new crispy chicken protein at select California locations. The chain will review guest and operational feedback before deciding on a wider rollout.
nrn.comPodcast Discusses Restaurant Pricing and Inflation Trends
The Odd Lots podcast examined why rising ingredient costs have not always led to higher menu prices. Hosts spoke with a chef about inflation and media portrayals of the restaurant industry.
ForbesBush Brothers Chairman Drew Everett Eyes Growth for Family-Owned Bean Company
Fourth-generation chairman Drew Everett leads the Knoxville, Tennessee company that sells 80 percent of U.S. canned baked beans. The business, founded in 1897, now generates an estimated $1 billion in annual revenue and is preparing for further expansion.
ForbesBush Brothers Reports $1 Billion Revenue as Family Keeps Control
Bush Brothers, the largest U.S. canned bean producer, generates an estimated $1 billion in annual revenue. Fourth-generation chairman Drew Everett said the company plans to expand beyond baked beans while remaining family-owned.
The IndependentPanera Bread Adds Lobster Roll and Macaroni and Cheese at Select Northeast Locations
Panera Bread is offering lobster roll and lobster macaroni and cheese at participating Northeast restaurants. The items return as part of the chain's Panera RISE restructuring program.
krogerkrazy.comChomps Meat Snack Company Reports Daily Sales of 2 Million Sticks
Chomps has grown to an estimated $900 million in annual revenue this year. The company now produces enough meat sticks to meet demand after years of allocation limits.
io9.gizmodo.comPepsiCo to Raise Prices on Some Chip Bags Starting Late June
PepsiCo will increase prices on selected chip products beginning in late June. The company cited higher ingredient and packaging costs as the reason for the change.
uctoday.comJim Perdue Grew Perdue Farms Tenfold Since 1991
Jim Perdue took over Perdue Farms in 1991 and expanded the company from roughly $1 billion in sales to $9.2 billion in 2025 revenue. He shifted focus to organic and antibiotic-free products while maintaining family ownership.
krogerkrazy.comChomps Meat Snack Company Reports Growth to $900 Million Revenue
Chomps, a Chicago-based meat snack company, projects $900 million in annual revenue this year. The company says it has expanded production capacity to meet daily sales of about 2 million meat sticks.
BBC NewsGerman Court Rules Milka Chocolate Bar Weight Reduction Misled Consumers
A court in Bremen found the manufacturer of Milka's Alpine Milk chocolate bar violated competition law by reducing the bar from 100g to 90g while using similar packaging. The ruling requires clear notice on wrappers to avoid misleading consumers about product size. The company sa…
Financial TimesCalbee to Use Black and White Packaging Due to Rising Ink Costs
Calbee, a Japanese snack maker, will switch to black and white packaging in response to higher prices for petroleum-based inks linked to the Iran conflict. The change aims to manage costs amid supply disruptions. The company announced the packaging shift on Wednesday.
smallbiztrends.comKraft Heinz Shifts Strategy to Emphasize Value and Affordability
The company is adjusting its approach to address consumer concerns about food costs by lowering prices on select items, expanding promotions and introducing smaller package sizes. It reversed an earlier plan for major restructuring and instead committed $600 million to invest in…
manilatimes.netCacao of Excellence Program Creates Global Standard for Evaluating Cocoa Beans
A laboratory in Perugia, Italy, processes and tastes cacao from around the world using identical methods to highlight genetic differences in flavor. The program, started in 2009, now reaches several thousand producers daily and has helped farms in Thailand and Peru increase visib…
benzinga.comBeyond Meat Shares Decline After Releasing Outlook
Beyond Meat shares declined Wednesday after the company issued a weak forecast. The maker of meat alternatives saw its stock fall further following the announcement. MarketWatch reported the development.
benzinga.comKraft Heinz Cuts Prices and Expands Value Offerings
Kraft Heinz's new CEO Steve Cahillane has reversed plans for a major restructuring and instead committed $600 million to make products more affordable amid consumer budget pressures. The company is lowering prices on select items, expanding promotions, introducing smaller package…
foxbusiness.comTyson Foods Offsets Rising Cattle Costs with Strong Chicken Profits
Tyson Foods, a major meatpacking company, is facing ongoing challenges from rising cattle prices. The firm is attempting to mitigate these costs by boosting profits in its chicken operations. This situation highlights broader pressures in the livestock market.
cnbc.comTyson Foods Reports Q2 2026 Adjusted EPS of $0.87, Beats Estimates
Tyson Foods posted second-quarter 2026 adjusted earnings per share of $0.87, surpassing analyst expectations. Revenue reached $13.65 billion, up 4.4% from the previous year. The company issued full-year guidance projecting adjusted operating income between $2.2 billion and $2.4 b…
Pixel009 / Wikimedia (CC0)Tiger Global Leads Funding for PopUp Bagels at $300 Million Valuation; Microsoft Amends OpenAI Agreement
Investment firm Tiger Global Management led a funding round for New York City-based PopUp Bagels, valuing the chain at $300 million in late March 2026. Separately, Microsoft and OpenAI amended their partnership on April 27, 2026, allowing OpenAI to deploy products across multiple…
washingtonpost.comRed Lobster Revives Endless Shrimp Promotion Following 2024 Bankruptcy Emergence
Red Lobster has announced the return of its Endless Shrimp promotion, the first since its 2024 bankruptcy. The deal offers unlimited shrimp dishes for a set price at locations across the United States. No start date or pricing details were provided in the announcement.
Substrate placeholder — needs reviewCJ Cheiljedang Signs MOU with Bach Hoa Xanh to Expand Korean Food Supply in Vietnam
South Korean food company CJ Cheiljedang Corp. announced it signed a memorandum of understanding with Vietnamese supermarket chain Bach Hoa Xanh. The agreement aims to strengthen their partnership and increase CJ Cheiljedang's market presence in Southeast Asia. It will expand the…
rferl.orgAustralia Ranks as World's Fourth-Largest Black Truffle Producer
Australia has become the fourth-largest producer of black truffles globally, despite the fungi not being native to the country. The industry began in the 1990s with the planting of host trees and has grown to be the largest outside Europe. Scientists have recently identified envi…
fastcompany.comKellogg Reintroduces Toys in Cereal Boxes Tied to Toy Story 5 Release
WK Kellogg Co. announced the return of toys in select cereal boxes for the first time in over a decade, featuring characters from Disney and Pixar's upcoming Toy Story 5 film. The move revives a tradition amid nostalgia for past cereal prizes, while separate reports detail recent…
Substrate placeholder — needs reviewWK Kellogg Co. to Include Toys in Select Cereal Boxes for Toy Story 5 Promotion
WK Kellogg Co. announced it will add plastic toys to some cereal boxes as part of a tie-in with Disney and Pixar's Toy Story 5. The promotion marks the first inclusion of toys in Kellogg's cereals in over a decade. Special edition boxes will be available starting Sunday, featurin…
theolivepress.esDanone Reports Stronger-Than-Expected Q1 2026 Sales Growth Amid Challenges
French food company Danone announced that its first-quarter sales growth in 2026 surpassed expectations. The company highlighted negative impacts from a baby formula recall in Europe and supply disruptions linked to the Iran war on its specialized nutrition segment. Specific sale…
Substrate placeholder — needs reviewGwyneth Paltrow's Ghost Kitchens Expand to New York This Month, Generating $20,000 Daily
Gwyneth Paltrow's top ghost kitchens are expanding to New York in April 2026. These operations generate $20,000 per day, according to Paltrow. The move follows her earlier plan to open a sit-down restaurant, which did not proceed.
Substrate placeholder — needs reviewUS Justice Department Prepares Antitrust Lawsuit Against Major Egg Producers
The US Department of Justice is preparing to file an antitrust lawsuit against some of the country's largest egg producers over allegations of coordinated pricing. The suit targets companies including Cal-Maine Foods and Versova, following significant price hikes in 2024 and 2025…
forward.comTiger Global Management Leads Funding Round for PopUp Bagels at $300 Million Valuation
Tiger Global Management led a funding round for New York City-based PopUp Bagels in late March, valuing the chain at $300 million. The investment marks a five-fold increase from its $60 million valuation after a 2023 acquisition. PopUp Bagels plans to expand to 300 U.S. locations…
Substrate placeholder — needs reviewTapatio Hot Sauce Sold to Highlander Partners Amid Rising Demand from Weight-Loss Drugs
The Tapatio hot sauce brand, founded in 1971 by Jose-Luis Saavedra, has been acquired by Highlander Partners, a Dallas-based private investment firm. The sale occurs as demand for hot sauces increases due to flavor cravings among users of GLP-1 weight-loss drugs like Ozempic. The…
Substrate placeholder — needs reviewPura Vida Miami Removes Tuna Sprout Sandwich from Menu Following Public Reaction
Pura Vida Miami, a wellness and lifestyle brand with locations in New York City, has removed its tuna sprout sandwich from the menu. The change follows public discussion about the item's sodium content. The brand operates multiple cafes focused on healthy eating options.
Substrate placeholder — needs reviewNew York Entrepreneur Launches Nut-Free Pesto Brand Emphasizing Fresh Ingredients
Kaureen Randhawa founded Besto, a nut-free pesto brand, in summer 2024 to address her severe nut allergy and promote fresh food products. The brand uses simple ingredients and requires refrigeration, reflecting consumer interest in less processed foods. Besto now ships nationwide…
Substrate placeholder — needs reviewNestle KitKat Truck Escorted by Security in Toronto After Theft of 12 Tonnes of Chocolate in Europe
A truck carrying KitKat products traveled through Toronto, Canada, on April 8 with a security escort following the theft of more than 400,000 chocolate bars in Europe. Nestle confirmed that thieves took approximately 12 tonnes of chocolate from a vehicle en route from Italy to Po…
Substrate placeholder — needs reviewAvocado Consumption in US Rises Due to College Football and Cinco de Mayo Events
U.S. avocado demand increases during college football season and Cinco de Mayo celebrations. These events contribute to higher sales volumes for the fruit. Industry reports highlight the role of seasonal promotions in driving consumption.
Substrate placeholder — needs reviewDomino's India Operator Jubilant FoodWorks Shares Fall to Two-Year Low After Weak Quarterly Sales
Jubilant FoodWorks, the operator of Domino's Pizza in India, saw its shares drop to a two-year low following the release of its second-quarter results. The company reported a 4.4% year-on-year revenue increase, which fell short of analyst expectations. This performance reflects c…
Substrate placeholder — needs reviewWall Street Banks Provide €750 Million Loan for €1.5 Billion Merger of Eat Happy Group and Hana Group European Operations
Wall Street banks have extended a €750 million loan to support the €1.5 billion merger between Asian food producer Eat Happy Group and the European operations of sushi supplier Hana Group. The financing covers roughly half of the deal's value. This transaction involves key player…