Conagra recently made news when it paid $250 million to acquire Angie’s Boomchickapop, adding a top performer to its stable of packaged snacks.
Conagra expects its new brand to exceed $100 million in sales by the end of 2017, according to CEO Sean Connelly. Conagra also recently purchased Thanasi, maker of Duke’s meat snacks and Bigs seeds.
Several popcorn and caramel-corn brands are helping propel dollar-sales growth, largely on the strength of consumer demand for premium options. According to Chicago-based IRI, the ready-to-eat (RTE) popcorn/caramel-corn segment saw dollar sales grow 4.25% during a 24-week period ending Aug. 13, 2017, from the year-earlier period. Units, however, fell 2.9%, theoretically due to the emphasis on costlier premium brands. For the full year ending Aug. 13, dollar sales of RTE popcorn/caramel corn grew 3.04%, while units slipped 2.25%, IRI found.
Click through to see seven brands that have made sales and unit-performance inroads for the 24-week period ending Aug. 13.