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How much of a boost did food companies get from COVID-19?

Share it This is the first article in a four-part weekly series that looks at how food and beverages companies fared during the pandemic. The second part, also published today, features charts comparing several publicly traded food companies pandemic-period sales to those a year prior. Next week, Food Dive looks at the companies that did not follow the same growth pattern as most. While 2020 was a bad year for most businesses, many people and health in general, the food business was booming. As a whole, CPG food and beverage saw unprecedented growth, with industry sales up 12% in 2020, according to Stacey Haas, a partner at McKinsey & Company. A Food Dive analysis of earnings reports from publicly traded food companies in the U.S. showed sales growth in a single quarter up as much as 38% over the same quarter in 2019.

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