Milling & Baking News - June 14, 2022 - 20

CAMPBELL SOUP CO. AND SWEETMORE BAKERIES
TUES | 06 14 202 2
Goldfish new product sales please
Campbell Soup CEO Mark Clouse
CAMDEN, NJ. - Goldfish consumption
in the third quarter ended May 1 was up
8% when compared to the previous year's
third quarter and up 18% on a three-year
basis, said Mark A. Clouse, president and
chief executive officer of the Campbell
Soup Co., in a June 8 earnings call.
The fourth quarter should receive a boost
from Old Bay Seasoned Goldfish, launched
in May through a partnership between
Campbell Soup and McCormick & Co.
" We quickly created a buzz among a
passionate consumer base, logging more
than 1 billion impressions in 48 hours, "
Mr. Clouse said. " The product sold out
within nine hours on Shop McCormick,
with velocities very strong across all
retail outlets. "
Sales were strong as well for Goldfish
Family Size and Goldfish Mega Bites, he
said.
" Family Size is overdelivering across all
metrics, with strong velocity, distribution
and trial, " Mr. Clouse said. " Goldfish Mega
Kraft Heinz CEO identifies three
qualities to effective supply chain
NEW YORK - Managing the supply
chain over the past several years has been
a challenge for most food manufacturers,
and Kraft Heinz Co. has experienced difficulties.
To
survive in the current environment
companies must be resilient, Miguel
Patricio, chairman and chief executive
officer of Kraft Heinz, said during a June
2 presentation at the Sanford C. Bernstein
Strategic Decisions Conference.
" For resilience, we need to do a lot in the
sense of inspiring this crowd, " he said.
A second key quality is predictability,
Mr. Patricio said.
" It's hard to predict today this world but
predictability is critical, " he said. " I'll give
you an example. A current example, it's
happening right now. So we predicted that
we would face a shortage of bean gum.
Bean gum is the product that gives consistency
to ice cream and to cream cheese -
Philadelphia Cream Cheese. "
Mr. Patricio said because Kraft learned
Three baking companies unite as
Sweetmore Bakeries
CHICAGO - Main Street Gourmet, Biscotti
Brothers Bakery and Meurer Brothers
Bakery have been united under a new
brand identity: Sweetmore Bakeries.
The foundation for the new business
was set in 2019 when Shore Capital Partners
recapitalized Main Street Gourmet
and began investing in the business
20 MILLING & BAKING NEWS
development, sales and marketing, and
production infrastructure of the
Akron, Ohio-based custom
wholesale baking company. A
year later, Main Street Gourmet
acquired Greensburg,
Pa.-based Biscotti Brothers,
a wholesale baking company
Bites continues to outpace our target and
overdeliver on our expectations, driven
by strong velocity, trial and repeat rates.
Our strategy to broaden our consumer
base is working, as evidenced by more
than half of buyers being households
without children and Mega Bites performing
well with older consumers. "
The Goldfish brand is within Campbell's
snacks segment, which saw net sales
increase 8% to $999 million in the third
quarter. Organic net sales also were up 8%.
Sales increased in salty snacks, primarily
Snyder's of Hanover pretzels and Kettle
Brand potato chips, and in cookies and
crackers, primarily Goldfish crackers.
Net earnings attributable to Campbell
Soup Co. companywide were $188 million,
or 62¢ per share on the common stock,
which was up 18% from $160 million, or
55¢ per share, in the previous year's third
quarter. Net sales increased 7% to $2.13
billion from $1.98 billion. MBN
Morocco would not have a large crop, the
company built up a large gum inventory.
" That's predictability, " he said. " The
result is we're gaining a lot of share in
cream cheese. "
The third and final key quality to a successful
supply chain is adaptability, Mr.
Patricio said.
" I mean, with shortage on raw materials,
you have to adapt every day and very
fast, " he explained. " Our salad dressing
was made with sunflower oils. And 80% of
that is made (with what) was coming from
Ukraine. So just we have to adapt our
farmers. We have to adapt our labels. This
level of adaptability on every day, we need
to be very fast. " MBN
focused on specialty cookies such as biscotti
and pizzelle for the retail in-store
bakery. Then, in late 2021, Main Street
Gourmet acquired Meurer Brothers Bakery,
Fond du Lac, Wis. Meurer Brothers
Bakery is a third-generation manufacturer
of premium pastries for in-store
bakery customers, making it a
nice fit to Main Street Gourmet's
business of supplying
premium baked goods to ISB,
restaurant, club and convenience
stores. MBN
bakingbusiness.com
http://www.bakingbusiness.com

Milling & Baking News - June 14, 2022

Table of Contents for the Digital Edition of Milling & Baking News - June 14, 2022

Milling & Baking News - June 14, 2022 - Intro
Milling & Baking News - June 14, 2022 - 1
Milling & Baking News - June 14, 2022 - 2
Milling & Baking News - June 14, 2022 - 3
Milling & Baking News - June 14, 2022 - 4
Milling & Baking News - June 14, 2022 - 5
Milling & Baking News - June 14, 2022 - 6
Milling & Baking News - June 14, 2022 - 7
Milling & Baking News - June 14, 2022 - 8
Milling & Baking News - June 14, 2022 - 9
Milling & Baking News - June 14, 2022 - 10
Milling & Baking News - June 14, 2022 - 11
Milling & Baking News - June 14, 2022 - 12
Milling & Baking News - June 14, 2022 - 13
Milling & Baking News - June 14, 2022 - 14
Milling & Baking News - June 14, 2022 - 15
Milling & Baking News - June 14, 2022 - 16
Milling & Baking News - June 14, 2022 - 17
Milling & Baking News - June 14, 2022 - 18
Milling & Baking News - June 14, 2022 - 19
Milling & Baking News - June 14, 2022 - 20
Milling & Baking News - June 14, 2022 - 21
Milling & Baking News - June 14, 2022 - 22
Milling & Baking News - June 14, 2022 - 23
Milling & Baking News - June 14, 2022 - 24
Milling & Baking News - June 14, 2022 - 25
Milling & Baking News - June 14, 2022 - 26
Milling & Baking News - June 14, 2022 - 27
Milling & Baking News - June 14, 2022 - 28
Milling & Baking News - June 14, 2022 - 29
Milling & Baking News - June 14, 2022 - 30
Milling & Baking News - June 14, 2022 - 31
Milling & Baking News - June 14, 2022 - 32
Milling & Baking News - June 14, 2022 - 33
Milling & Baking News - June 14, 2022 - 34
Milling & Baking News - June 14, 2022 - 35
Milling & Baking News - June 14, 2022 - 36
Milling & Baking News - June 14, 2022 - 37
Milling & Baking News - June 14, 2022 - 38
Milling & Baking News - June 14, 2022 - 39
Milling & Baking News - June 14, 2022 - 40
Milling & Baking News - June 14, 2022 - 41
Milling & Baking News - June 14, 2022 - 42
Milling & Baking News - June 14, 2022 - 43
Milling & Baking News - June 14, 2022 - 44
Milling & Baking News - June 14, 2022 - 45
Milling & Baking News - June 14, 2022 - 46
Milling & Baking News - June 14, 2022 - 47
Milling & Baking News - June 14, 2022 - 48
Milling & Baking News - June 14, 2022 - 49
Milling & Baking News - June 14, 2022 - 50
Milling & Baking News - June 14, 2022 - 51
Milling & Baking News - June 14, 2022 - 52
Milling & Baking News - June 14, 2022 - 53
Milling & Baking News - June 14, 2022 - 54
Milling & Baking News - June 14, 2022 - 55
Milling & Baking News - June 14, 2022 - 56
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-february-20-2024
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-february-6-2024
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-january-23-2024
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-january-9-2024
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-december-26-2023
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https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-october-31-2023
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https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-september-19-2023
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-september-5-2023
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-august-22-2023
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https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-may-2-2023
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-april-18-2023
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-april-4-2023
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-march-21-2023
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https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-february-21-2023
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https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-january-24-2023
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-january-10-2023
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-december-27-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-december-13-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-december-13-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/-milling-baking-news-november-29-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-november-15-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-november-1-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-october-18-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-october-04-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-september-20-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-september-9-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-august-23-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-august-9-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-july-26-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-july-12-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-june-28-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-june-14-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-may-31-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-may-17-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-may-3-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-april-19-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-april-5-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-march-22-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-march-8-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-february-22-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-february-8-2022
https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-january-25-2022
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https://digitalmbn.bakingbusiness.com/sosland/mbn/milling-baking-news-november-30-2021
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https://www.nxtbook.com/sosland/mbn/2017_05_09
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https://www.nxtbook.com/sosland/mbn/2017_04_11
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https://www.nxtbook.com/sosland/mbn/2017_01_03
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https://www.nxtbook.com/sosland/mbn/2016_08_30
https://www.nxtbook.com/sosland/mbn/2016_08_16
https://www.nxtbook.com/sosland/mbn/2016_08_02
https://www.nxtbook.com/sosland/mbn/2016_07_19
https://www.nxtbook.com/sosland/mbn/2016_07_05
https://www.nxtbook.com/sosland/mbn/2016_06_21
https://www.nxtbook.com/sosland/mbn/2016_06_07
https://www.nxtbook.com/sosland/mbn/2016_05_24
https://www.nxtbook.com/sosland/mbn/2016_05_10
https://www.nxtbook.com/sosland/mbn/2016_04_26
https://www.nxtbook.com/sosland/mbn/2016_04_12
https://www.nxtbook.com/sosland/mbn/2016_03_29
https://www.nxtbook.com/sosland/mbn/2016_03_15
https://www.nxtbook.com/sosland/mbn/2016_03_01
https://www.nxtbook.com/sosland/mbn/2016_02_16
https://www.nxtbook.com/sosland/mbn/2016_02_02
https://www.nxtbook.com/sosland/mbn/2016_01_19
https://www.nxtbook.com/sosland/mbn/2016_01_05
https://www.nxtbook.com/sosland/mbn/2015_12_22
https://www.nxtbook.com/sosland/mbn/2015_12_08
https://www.nxtbook.com/sosland/mbn/2015_11_24
https://www.nxtbook.com/sosland/mbn/2015_11_10
https://www.nxtbook.com/sosland/mbn/2015_10_27
https://www.nxtbook.com/sosland/mbn/2015_10_13
https://www.nxtbook.com/sosland/mbn/2015_09_29
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https://www.nxtbook.com/sosland/mbn/2015_09_01
https://www.nxtbook.com/sosland/mbn/2015_08_18
https://www.nxtbook.com/sosland/mbn/2015_08_04
https://www.nxtbook.com/sosland/mbn/2015_07_21
https://www.nxtbook.com/sosland/mbn/2015_07_07
https://www.nxtbook.com/sosland/mbn/2015_06_23
https://www.nxtbook.com/sosland/mbn/2015_06_09
https://www.nxtbook.com/sosland/mbn/2015_05_26
https://www.nxtbook.com/sosland/mbn/2015_05_12
https://www.nxtbook.com/sosland/mbn/2015_04_28
https://www.nxtbook.com/sosland/mbn/2015_04_014
https://www.nxtbook.com/sosland/mbn/2015_03_31
https://www.nxtbook.com/sosland/mbn/2015_03_17
https://www.nxtbook.com/sosland/mbn/mbn/2015_03__03
https://www.nxtbook.com/sosland/mbn/2015_02_17
https://www.nxtbook.com/sosland/mbn/2015_02_03
https://www.nxtbook.com/sosland/mbn/2015_01_20
https://www.nxtbook.com/sosland/mbn/2015_01_06
https://www.nxtbook.com/sosland/mbn/2014_12_23
https://www.nxtbook.com/sosland/mbn/2014_12_09
https://www.nxtbook.com/sosland/mbn/mbn_2014_11_25
https://www.nxtbook.com/sosland/mbn/2014_11_11
https://www.nxtbook.com/sosland/mbn/2014_10_28
https://www.nxtbook.com/sosland/mbn/2014_10_14
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https://www.nxtbook.com/sosland/mbn/2014_09_16
https://www.nxtbook.com/sosland/mbn/2014_09_02
https://www.nxtbook.com/sosland/mbn/214_08_19
https://www.nxtbook.com/sosland/mbn/2014_08_01
https://www.nxtbook.com/sosland/mbn/2014_07_22
https://www.nxtbook.com/sosland/mbn/2014_07_08
https://www.nxtbook.com/sosland/mbn/2014_06_24
https://www.nxtbook.com/sosland/mbn/2014_06_10
https://www.nxtbook.com/sosland/mbn/2014_05_27
https://www.nxtbook.com/sosland/mbn/2014_05_13
https://www.nxtbook.com/sosland/mbn/2014_04_29
https://www.nxtbook.com/sosland/mbn/2014_04_15
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https://www.nxtbook.com/sosland/mbn/2014_03_18
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https://www.nxtbook.com/sosland/mbn/2014_02_18
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https://www.nxtbook.com/sosland/mbn/2014_01_21
https://www.nxtbook.com/sosland/mbn/2014_01_07
https://www.nxtbook.com/sosland/mbn/2013_12_24
https://www.nxtbook.com/sosland/mbn/2013_12_10
https://www.nxtbook.com/sosland/mbn/2013_11_26
https://www.nxtbook.com/sosland/mbn/2013_11_12
https://www.nxtbook.com/sosland/mbn/2013_10_29
https://www.nxtbook.com/sosland/mbn/2013_10_15
https://www.nxtbook.com/sosland/mbn/2013_10_01
https://www.nxtbook.com/sosland/mbn/2013_09_17
https://www.nxtbook.com/sosland/mbn/2013_09_03
https://www.nxtbook.com/sosland/mbn/2013_08_20
https://www.nxtbook.com/sosland/mbn/2013_08-06
https://www.nxtbook.com/sosland/mbn/2013_07_23
https://www.nxtbook.com/sosland/mbn/2013_07_09
https://www.nxtbook.com/sosland/mbn/2013_06_25
https://www.nxtbook.com/sosland/mbn/2013_06_11
https://www.nxtbook.com/sosland/mbn/2013_05_28
https://www.nxtbook.com/sosland/mbn/2013_05_14
https://www.nxtbook.com/sosland/mbn/2013_04_30
https://www.nxtbook.com/sosland/mbn/2013_04_16
https://www.nxtbook.com/sosland/mbn/2013_04_02
https://www.nxtbook.com/sosland/mbn/2013_03_19
https://www.nxtbook.com/sosland/mbn/2013_03_05
https://www.nxtbook.com/sosland/mbn/2013_02_19
https://www.nxtbook.com/sosland/mbn/2013_02_05
https://www.nxtbook.com/sosland/mbn/2013_01_22
https://www.nxtbook.com/sosland/mbn/2013_01_08
https://www.nxtbook.com/sosland/mbn/2012_12_25
https://www.nxtbook.com/sosland/mbn/2012_12_11
https://www.nxtbook.com/sosland/mbn/2012_11_27
https://www.nxtbook.com/sosland/mbn/2012_11_13
https://www.nxtbook.com/sosland/mbn/2012_10_30
https://www.nxtbook.com/sosland/mbn/2012_10_16
https://www.nxtbook.com/sosland/mbn/2012_10_02
https://www.nxtbook.com/sosland/mbn/2012_09_18
https://www.nxtbook.com/sosland/mbn/2012_09_04
https://www.nxtbook.com/sosland/mbn/2012_08_21
https://www.nxtbook.com/sosland/mbn/2012_08_07
https://www.nxtbook.com/sosland/mbn/2012_07_24
https://www.nxtbook.com/sosland/mbn/2012_07_10
https://www.nxtbook.com/sosland/mbn/2012_06_26
https://www.nxtbook.com/sosland/mbn/2012_06_12
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https://www.nxtbook.com/sosland/mbn/2012_04_17
https://www.nxtbook.com/sosland/mbn/2012_04_03
https://www.nxtbook.com/sosland/mbn/2012_03_20
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https://www.nxtbook.com/sosland/mbn/2012_02_21
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https://www.nxtbook.com/sosland/mbn/2012_01_24
https://www.nxtbook.com/sosland/mbn/2012_01_10
https://www.nxtbook.com/sosland/mbn/2011_12_27
https://www.nxtbook.com/sosland/mbn/2011_12_13
https://www.nxtbook.com/sosland/mbn/2011_11_29
https://www.nxtbook.com/sosland/mbn/2011_11_15
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https://www.nxtbook.com/sosland/mbn/2011_10_18
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https://www.nxtbook.com/sosland/mbn/2011_09_20
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https://www.nxtbook.com/sosland/mbn/2011_08_23
https://www.nxtbook.com/sosland/mbn/2011_08_09
https://www.nxtbook.com/sosland/mbn/2011_07_26
https://www.nxtbook.com/sosland/mbn/2011_07_12
https://www.nxtbook.com/sosland/mbn/2011_06_28
https://www.nxtbook.com/sosland/mbn/2011_06_14
https://www.nxtbook.com/sosland/mbn/2011_05_31
https://www.nxtbook.com/sosland/mbn/2011_05_17
https://www.nxtbook.com/sosland/mbn/2011_05_03
https://www.nxtbook.com/sosland/mbn/2011_04_19
https://www.nxtbook.com/sosland/mbn/2011_04_05
https://www.nxtbook.com/sosland/mbn/2011_03_22
https://www.nxtbook.com/sosland/mbn/2011_03_08
https://www.nxtbook.com/sosland/mbn/2011_02_22
https://www.nxtbook.com/sosland/mbn/2011_02_08
https://www.nxtbook.com/sosland/mbn/2011_01_25
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https://www.nxtbook.com/sosland/mbn/2010_12_28
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https://www.nxtbook.com/sosland/mbn/2010_10_19
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https://www.nxtbook.com/sosland/mbn/2010_09_21
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https://www.nxtbook.com/sosland/mbn/2010_04_20
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https://www.nxtbook.com/sosland/mbn/2010_03_23
https://www.nxtbook.com/sosland/mbn/2010_03_09
https://www.nxtbook.com/sosland/mbn/2010_02_23
https://www.nxtbook.com/sosland/mbn/2010_02_09
https://www.nxtbook.com/sosland/mbn/2010_01_26
https://www.nxtbook.com/sosland/mbn/2010_01_12
https://www.nxtbook.com/sosland/mbn/2009_12_29
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https://www.nxtbook.com/sosland/mbn/2009_10_20
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https://www.nxtbook.com/sosland/mbn/2009_09_22
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https://www.nxtbook.com/sosland/mbn/2009_08_25
https://www.nxtbook.com/sosland/mbn/2009_08_11
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https://www.nxtbook.com/sosland/mbn/2009_06_16
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https://www.nxtbook.com/sosland/mbn/2009_05_19
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https://www.nxtbook.com/sosland/mbn/2009_04_21
https://www.nxtbook.com/sosland/mbn/2009_04_08
https://www.nxtbook.com/sosland/mbn/2009_04_07
https://www.nxtbook.com/sosland/mbn/2009_03_24
https://www.nxtbook.com/sosland/mbn/2009_03_10
https://www.nxtbook.com/sosland/mbn/2009_02_24
https://www.nxtbook.com/sosland/mbn/2009_02_10
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https://www.nxtbook.com/sosland/mbn/2008_12_02
https://www.nxtbook.com/sosland/mbn/2008_11_18
https://www.nxtbook.com/sosland/mbn/2008_11_04
https://www.nxtbook.com/sosland/mbn/2008_10_21
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https://www.nxtbook.com/sosland/mbn/2008_09_23
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https://www.nxtbook.com/sosland/mbn/2008_06_17
https://www.nxtbook.com/sosland/mbn/2008_06_03
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https://www.nxtbook.com/sosland/mbn/2008_04_22
https://www.nxtbook.com/sosland/mbn/2008_04_08
https://www.nxtbook.com/sosland/mbn/2008_04_01
https://www.nxtbook.com/sosland/mbn/2008_03_25
https://www.nxtbook.com/sosland/mbn/2008_03_11
https://www.nxtbook.com/sosland/mbn/2008_02_26
https://www.nxtbook.com/sosland/mbn/2008_02_12
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https://www.nxtbook.com/sosland/mbn/2007_09_11
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https://www.nxtbook.com/sosland/mbn/2007_02_27
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https://www.nxtbook.com/sosland/mbn/2004_07_20
https://www.nxtbook.com/sosland/mbn/2004_07_13
https://www.nxtbook.com/sosland/mbn/2004_07_06
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