Hershey's net sales increased 12.1% to $2.98bn thanks to price and volume gains across both confectionery and salty snack segments, driven heavily by consumer demand and media investments.
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More than 450 exhibitors and 8,000 attendees traveled to the Sweets & Snacks Expo in Indianapolis last week for one of the first in-person food and beverage tradeshows since the coronavirus outbreak in early 2020 to showcase two years of product innovations...
We are proud to announce our new editorial advisory board comprised of key figures from the cocoa and chocolate industry assembled to help ConfectioneryNews maintain its position as a leading voice in the sector and help with coverage of industry-related...
The Chicago-based confectioner reported a nominal increase in sales for the quarter – ending October 22, just before Halloween – and a slightly higher boost for the 2019 aggregate.
Halloween is candy’s biggest holiday, and candy corn is at the center of it. ConfectioneryNews caught up with Peter Goldman, head of seasonal and Brach’s at Ferrara, to talk strategy, trends and good ol’ candy history.
The tennis star Maria Sharapova teased the lip-shaped gummies at Sweets and Snacks in May, but they officially hit shelves this autumn in stand-up pouches of tangy and sour flavors.
The six-year-old company had landed $35m in funding as recently as 2017, but it said a challenging retail environment led to this financial pitfall. Six of its more than two dozen stores will close immediately.
Nestlé has sold its US candy business ($924m in 2016 sales), which includes Butterfinger, Baby Ruth and Raisinets, to Nutella maker Ferrero for $2.8bn in cash.
Nestlé says its confectionery business in Europe still has room to grow, but it may review its high number of confectionery brands in the region, which it says is “not sustainable”.
Butterfinger maker Nestlé refuses to speculate if it will offload its challenged US confectionery business, but says it is “no stranger” to portfolio trimming.
Germany's confectionery trade saw a boost in turnover in 2008 across all product segments, but higher raw material and energy costs ate into potential gains.
Kraft Foods, the biggest packaged foods producer in North America,
is thought to be mulling the sale of its confectionery business,
including the Altoids and Life Savers brands, as part of a move to
focus on a smaller number of stronger...
