News & Analysis on the Bakery and Snacks Industries
Continuing to benefit from elevated at-home consumption of its core chocolate brands and growing snacks business, The Hershey Company reported $1.99bn net sales for Q2 2021 (12 weeks ending July 4, 2021) an increase of 16.5% compared to Q2 2020.
Online product delivery platform Gopuff, which delivers thousands of household products from snacks to alcohol from its hundreds of micro-fulfillment centers, has secured $1bn in new funding, raising the company's evaluation to $15bn.
The high-tech doughnuts are ‘set’ by a beam of steam rather than prolonged deep fat frying.
The Mexican bakery giant posted new highs for the second quarter – with a 16.2% increase in sales and adjusted EBITDA growing nearly 37% – as it motivated to revitalise those channels and categories that suffered during the pandemic.