(Note: Chobani Inc. withdrew its IPO in an SEC document dated Sept. 2, 2022.)

(Note: The Wall Street Journal and others estimate that Chobani could raise about $1.5 billion in its IPO. Chobani’s S-1 filing, dated Nov. 17, 2021, lists the standard $100 million “placeholder” amount for proceeds. Chobani filed a confidential IPO document on July 6, 2021.) 

Hamdi Ulukaya founded Chobani in 2005 when he purchased a shuttered manufacturing plant in New Berlin, New York, with a dream of bringing healthy high-quality food to more people. From the purchase of our first plant in 2005 with a handful of employees, we invented an entirely new food category in the United States — Greek yogurt — that completely disrupted an old one. Since June 2020, Chobani has been the No. 1 brand in the total yogurt category. Net sales for our Yogurt products for 2020 and the nine months ended Sept. 25, 2021 were $1,243.7 million and $1,045.2 million, respectively. Net sales for our Other products, which includes cream, Chobani Oat Milk, Chobani Coffee Creamers, ready-to-drink Chobani Coffee and Chobani Probiotic beverages, for 2020 and the nine months ended Sept. 25, 2021, were $157.7 million and $167.8 million, respectively.

We sell our products in approximately 95,000 retail locations in the United States. In addition to our key customers, which include Wal-Mart, Whole Foods, Amazon, Target, Kroger, Publix, Costco and Safeway/Albertsons, we also sell our products to various other national and regional retailers, including convenience and drug stores, as well as a significant number of food service customers. Chobani also has an international presence through the operation of a manufacturing facility in Melbourne, Australia, and participates in certain international export markets, such as Mexico and Canada.

In 2007, we offered only two yogurt SKUs. Now we feature approximately 260 yogurt SKUs under the Chobani brand – from  Chobani Core (our plain, blended and fruit-on-the-bottom Greek yogurt products) to Chobani Complete lactose-free Greek Yogurt, and more. Recently, we launched Chobani with Zero Sugar, a groundbreaking new sugar-free dairy product with only natural ingredients, further transforming the yogurt category by addressing consumers’ desire for no-sugar options.