Spam sales spike in cash-poor economy
AUSTIN, Minn. Hormel Foods Corp., maker of Spam, last week reported that sales of the canned meat product have risen in the second quarter, bringing a 14-percent profit increase.
The Nielsen Co. released sales information for Hormel reporting that Spam sales were up 10.6 percent from last year in the quarter ended May 3. In the last 6 months, sales were up nearly 9 percent.
“We have significantly increased our household penetration,” Hormel’s group product manager, Swen Neufeldt, said. “I think it’s a lot of folks that are coming into the brand perhaps for the first time and coming back to the brand.”
The Agriculture Department has reported that food prices, in general, are soaring faster than at any other time in the last 18 years. The Bureau of Labor Statistics has said that inflation is rising by 6.1 percent per year and there is no sign of a slowdown.
The price of Spam is currently at $2.62, up 17 cents, or about 7 percent, from last year.
Nestle, Jamba Juice team up to release ready-to-drink beverages
EMERYVILLE, Calif. Nestle USA and Jamba Juice have announced that a new line of Jamba ready-to-drink beverages are now available in major retail stores in eight western United States.
“This is the first step in our strong partnership with Nestle,” senior vice president of marketing and brand development at Jamba, Paul Coletta, said. “Our teams continue to work together on future product extensions that will build and drive the synergy of Jamba retail and ready-to-drink.”
Jamba Smoothies and Jamba Juicies, made with real fruit and fortified with added nutrients, are now available in some Jamba Juice store locations, as well as major drug, grocery and retail chains like Albertsons, Ralph’s, Raley’s, Target and Walgreens, and some convenience stores.
“The response from accounts has been outstanding,” Steve Presley, Nestle Beverage Division vice president, general manager premium ready-to-drink, said. “They recognize the value and growth potential that Jamba RTD brings to the super premium juice category.”
Jamba’s ready-to-drink product line includes Jamba Smoothies flavors banana berry with heart healthy nutrient boost, orange dream machine with an immunity nutrient boost and strawberries wild with an energy boost. In addition, three Jamba Juicies are also on shelves, including mango orange peach with a fiber boost, orange strawberry banana with a protein boost and very berry with a calcium boost.
Kellogg to temporarily revive Hydrox
NORTHFIELD, Ill. Kellogg’s long-beloved, now discontinued, chocolate cookie, Hydrox, will again be gracing retail shelves late this summer.
Hydrox was discontinued in 2003, giving in to sales of long-time rival cookie Oreo. But Kellogg said it will bring Hydrox back and it will be sold across the country for a limited time starting in August.
A spokesman from Kellogg told the press that the company has decided to initiate a temporary relaunch of Hydrox following an overwhelming customer response to the cookie’s discontinuation, including a petition launched by one Web site that collected more than 1,000 signatures requesting the return of the cookie.
The company has not promised the relaunched cookie will come from the original recipe. Kellogg has already made one change—the new cookie will be trans fat-free, the company has said.