Page 10 - John Baumgartner News Today

US confectionery major Hershey has upped its full-year revenue and profit forecasts following consumer acceptance of its pricing actions.

US-based food-tech company Motif FoodWorks has released its first consumer-facing product with Motif BeefWorks plant-based burger patties.

As the plant-based foods and protein market faces headwinds in 2023, stakeholders from across the supply chain will gather at the Bridge2Food America Summit later this month in Chicago to chart a path forward for the industry.

Operator: Greetings. Welcome to Oatlys fourth quarter 2022 earnings conference call. At this time, all participants are in a listen-only mode.

Oatly is aiming to recover US$250m in losses in two years with newly secured funding setting a path to “financial self-sufficiency”.

OTLY earnings call for the period ending December 31, 2022.

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Plant-based seafood, which has been slower to come to market than other meat alternatives, is starting to arrive at retailers and restaurants. But as sales of plant-based meat slip, Canadian startups are hoping the public's concern for health and the environment will catch on.

US packaged food heavyweight Kraft Heinz is almost done with price hikes as pricing actions for 2023 are factored in.

US food inflation slowed for a third straight month in November, marking a contrast to the grocery price trend in the UK.