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Packaged Food
Conagra Brands Inc Q3FY26 -CAG has a strong but low-growth profile with 94% U.S. household reach, free cash flow conversion of about 105% and net debt reduction of around $800mn, but performance is constrained by mature categories and weak underlying demand.
Lotus Bakeries NV H2FY25 -Natural Foods is becoming a key growth driver, delivering strong 17% revenue growth in 2025 to about €300mn, supported by brands like TREK and BEAR, with innovation in snacks and protein bars and partnerships that are helping it sustain high-teens growth.
McCormick & Company Inc Q4FY25 -In Q4FY25, MKC’s sales increased by 2.9% to $1.85bn, compared to $1.80bn in Q4FY24. The diluted EPS of the company increased by 5.4% to $0.84, compared to $0.80 and the adj. EPS increased by 7.5% $0.86, compared to $0.80 during the same period.
SJM faced continued challenges from rising input costs and a dynamic macroeconomic environment, which are expected to persist through the remainder of the year.
CAG’s net sales fell 6.8% to $2.98bn in Q2FY26, compared to Q2FY25.
HSY sees this as a strategic move to meet growing consumer demand for healthier options and more variety. The LesserEvil leadership team will stay in place to maintain the brand’s innovation, fast go-to-market approach, and strong manufacturing capabilities, while continuing to produce snacks using the same trusted organic and non-GMO ingredients.
KHC’s key investment focus is the Brand Growth System, a data-driven method that helps boost category growth through brand superiority. It improves performance in four main areas: Brand Resonance, Product and Package Delivery, Value Equation, and Omnichannel Execution
MDLZ continues to face a challenging environment with high market and geopolitical uncertainty, volatile consumer demand, inflation, and ongoing supply and trade disruptions. These conditions has led to significantly higher operating costs, especially for raw materials, labor, and energy, which continue to rise. The cocoa costs remain a major concern. Although they may decline slightly in FY26, it is still expected to stay well above historical levels, putting further pressure on margins.
CAG continues to operate in a challenging and uncertain environment marked by shifting consumer behavior, rising input and labor costs, and ongoing inflationary pressures. In Q1FY26, higher costs resulting from recent trade policy changes modestly impacted financial performance, though management was able to mitigate part of the effect through productivity initiatives.
McCormick de Mexico, founded in 1947, is a well-known food company in Mexico with about $810mn in annual net sales, offering popular products like mayonnaise, spices, marmalades, mustard, hot sauce, and tea. McCormick Mayonesa con Jugo de Limones is its most recognized product, loved for its creamy texture and lime flavor.
SJM announced that Chief Marketing Officer Gail Hollander will retire in April 2026. The company will start looking for her replacement. CEO Mark Smucker praised Hollander for strengthening the company’s marketing and brand-building efforts, saying her leadership helped grow many of their well-known brands and build a strong marketing team.
In 2024, the global packaged food market was valued at approximately $3.12tn and is projected to grow at a CAGR of 6.1% from 2025 to 2034.