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Convenience stores are quietly becoming food-first businesses – and the latest data makes that shift hard to ignore.

Foodservice is now doing the heavy lifting: it accounted for 28.5% of in-store sales last year and drove 38.9% of gross profit, according to the National Association of Convenience Stores.

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Food and beverage M&A remains cautious but high-value, with buyers becoming more selective and prioritizing strategic fit, strong fundamentals and innovation over pure growth. 

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Ripi has raised $2.4 million in a seed funding round led by growth equity firm Cutting Horse, a firm co-founded by Michael Wystrach, the co-founder of prepared meals business Freshly.

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Perfect Bar has paired protein with prebiotics to create a new iteration that better meets current consumer demand. Michele’s Granola introduced its Breakfast Nook line with four flavors inspired by the morning meal occasion.

We are sharing our takes on taste and texture, packaging and positioning and opportunities for improvement.

Check out our tasting notes on Nosh

Want your product reviewed? Send an email to mwatrous@nosh.com.

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Here’s a look at leading headlines from around the food industry. Go beyond the headlines with Insiders access.

1. BEHAVE Goes Big-Box, Turning Social Hype Into Shelf Space

2. Rip Van Eyes Grocery Expansion Following Funding Round, Brand Refresh

3. Feel Good Foods Goes Deeper into Breakfast, Takes Target Partnership Nationwide

4. Inside Clover Sonoma’s Local-First Playbook for Reviving Whole, Natural Dairy

5. Distribution: Smackin’ Goes Conventional, Nightingale Embraces Natural

This week on the podcast, Monica and Brad discuss Unilever’s acquisition of Grüns, Suja Life’s initial public offering, Ithaca Hummus’ plans for category domination, and Mark Anthony Brands’ purchase of Finnish Long Drink.

Click here to listen to this week’s episode. Also available on Spotify and Apple Podcasts.

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