Latest News Updates From Kristina Peterson

General Mills said Dana McNabb will become its CEO at the start of next year, succeeding Jeff Harmening.

The company is expected to increase the prices on grocery-store-sized bags of chips, including Doritos and Ruffles, which had been cut earlier this year.

PepsiCo said consumers pulled back in the second quarter as gas prices rose, slowing its efforts to revitalize its North American snack business.

Packaged food company JM Smucker said it planned to lower coffee prices next year as costs comes down.

In the coming weeks, the soda and snacks maker plans to hike prices by 10 cents to 20 cents on certain single-serve bags that are now retailing for $2.69.

But now that a plan to bring prices down is in motion, new challenges have emerged that threaten to blunt its impact. 

Nicolas Amaya will lead Kraft Heinz’s North American operations starting next week, replacing Pedro Navio, the company said in a statement

The outlook points to the challenges facing incoming Coca-Cola CEO Henrique Braun as the company works to win over shoppers with its widening portfolio of beverages.

Kraft Heinz named a new CEO, with former Kellanova CEO Steve Cahillane set to take over from Carlos Abrams-Rivera on Jan. 1, ahead of the company's planned split into two separate food giants.

PepsiCo has worked to overhaul its portfolio of brands since Elliott announced a roughly $4 billion stake in September and called on the company to review and streamline its snack offerings