Gardein, Conagra's plant-based brand, grew sales 33.5% for the year ending July 25 compared to 2019 and expanded its consumer base by 6% since last year, according to Ashley Lind, senior director of consumer insights and predictive science for Conagra. "We are encouraged by the growth that is coming from meat eaters in this space," said Lind.

Kellogg aims to boost productivity by investing $45 million in a reorganization of its North American supply chain. Kellogg has targeted early 2024 for project completion and expects to start seeing productivity gains in 2023.

Hormel Foods' 28% increase in foodservice sales for its second fiscal quarter ended April 25 surpassed the category's pre-pandemic sales by 1%, marking "a significant accomplishment, especially knowing where the industry was just a few short months ago," said CEO James Snee. Year-over-year sales for the Refrigerated Foods unit grew 17%, while the Grocery Products division dipped 8% compared with this period's pantry loading surge in 2020 but exceeded 2019's sales by more than 20%, added Snee.

Hormel Foods increased its full-year profit forecast after sales grew 3.2% for its first fiscal quarter ending Jan. 24, thanks to continued strength in retail sales and foodservice starting to reopen, said CEO Jim Snee. Snee added it is "incredibly disappointing" Hormel's home state of Minnesota has yet to prioritize food supply chain workers for the COVID-19 vaccine.

Hormel Foods aims to grow sales by expanding internationally, embracing health and wellness and capitalizing on the portable snacking trend, said President and COO Jim Snee. The company will soon launch Rev Bites as well as a new Muscle Milk bar to satisfy consumers seeking on-the-go snacking, and plans to grow in international markets through acquisitions, Snee said.