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Hain Celestial's Q4 CY2024 results show a 9.4% decline in revenue, missing expectations, with challenges in the snacks segment impacting performance.
J&J Snack Foods saw a 4.1% rise in Q4 sales to $362.6 million while profit margins faced hurdles, reflecting 44.4% below profit estimates. Despite growth, profit margin challenges remain.
Conagra Brands lowers profit forecast due to price cuts as it navigates consumer trends and industry challenges.
In 2023, Snack Food imports reached record highs and are expected to keep growing. The value of snack food imports skyrocketed to $978M in the same year.
In May 2023, the imports of Snack Food saw the highest growth rate, with a 19% increase compared to the previous month. The value of snack food imports reached $85M in October 2023.
In June 2023, the price of snack food remained stable at $4,442 per ton (CIF, US), maintaining its level from the previous month.
In February 2023, the price of snack food rose to $4,417 per ton (CIF, US), an increase of 2.6% compared to the previous month.
Looking for profitable business ideas in the snack food market? Check out our list of 7 winning ideas, backed by key statistics and trends.
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