One Year Later: Big Food Is Breaking Apart, Just Like We Predicted

Last summer, we laid out a framework across three essays.

In Expect Big Change in Big Food (July 8, 2024), we showed how underwhelming total shareholder returns (TSRs) eventually force boards into radical action. Spin-offs, restructurings, or sales don’t happen just because management think they’d be interesting or exciting. They happen when stock perfor…