Tag: Beverages

PepsiCo on Tuesday lowered its full-year outlook for organic revenue after its second straight quarter of weaker-than-expected sales.

China imposed temporary anti-dumping measures on imports of brandy from the EU on Tuesday, hitting French brands including Hennessy and Remy Martin, days after the 27-state bloc voted for tariffs on Chinese-made electric vehicles (EVs).

Shares in Campari fell nearly 6% on Friday with several traders and analysts citing comments by the Italian spirits group’s chief executive, describing the current quarter as “still quite soft” for the industry

Brown-Forman Corp. BF.B  said Thursday it had net income of $195 million, or 41 cents a share, for its fiscal first quarter to July 31, down from $231 million, or 48 cents a share, in the year-earlier period. Sales fell 8% to $951 million.

France’s Pernod Ricard on Thursday forecast its sales will grow again next year even as challenges in the U.S. and Chinese markets persist, after reporting an annual 1% drop largely in line with forecasts and its own guidance.

Danish brewer Carlsberg on Tuesday lifted its forecast for full-year operating profit growth despite posting weaker-than-expected sales for the second quarter hit by bad June weather.

Monster Beverage missed market expectations for second-quarter sales on Wednesday as budget-conscious consumers kept a tight lid on spending, hurting demand for its pricey energy drinks amid an uncertain economic environment.

Τα συγκρίσιμα κέρδη ανά μετοχή σημείωσαν μείωση έναντι του αντίστοιχου εξαμήνου πέρυσι κατά 1,7% λόγω των υψηλότερων χρηματοοικονομικών εξόδων. Το νέο guidance για τη χρονιά.

Molson Coors beat Wall Street expectations for second-quarter sales and profit on Tuesday, driven by strong demand for its premium Coors Light and Miller Lite beers in the European and Asian regions.

Bud Light owner stock rose on Thursday morning after the beer maker posted second-quarter profit above estimates.

Diageo warned challenges could persist into next year after missing full-year profit expectations on Tuesday, sending shares in the world’s top spirits maker down more than 9% to a four-year low

Heineken shares opened nearly 7% lower on Monday, after the brewing giant’s first-half profit growth came in weaker than analysts had expected.

 Coca-Cola raised its annual organic sales and profit forecasts on Tuesday, signaling consumers are willing to spend more for the beverage giant’s higher-priced sodas, energy drinks and juices mainly in international markets.

PepsiCo stock dropped Thursday following its earnings report after the beverages and snacks company missed revenue expectations for the second quarter.

 Carlsberg has agreed to buy British soft drinks maker Britvic for 3.3 billion pounds ($4.23 billion), a move the Danish brewer said would forge a UK beverage “powerhouse” and that sent both companies’ shares higher.

Carlsberg shares were on course for their largest single-day decline in more than four years on Friday after the British soft drinks maker Britvic said it had rejected the Danish brewer’s £3.11 billion ($3.9 billion) takeover proposal.

Σε επίπεδο τζίρου, η αύξηση ήταν της τάξης του 16,72%, αγγίζοντας τα €670 εκατ., ενώ η καθαρή κερδοφορία της εταιρείας ενισχύθηκε σε ποσοστό 65% σε σχέση με το 2022, προσεγγίζοντας τα €44 εκατ. Κατά 6,12% αυξήθηκε ο όγκος πωλήσεων της Coca-Cola 3E το 2023, περίπου στα 120 εκατομμύρια κιβώτια.

Japanese whisky-maker Suntory is in talks to acquire Boston Beer, the American brewer known for its Samuel Adams brand. 

Shares of Belgium’s AB InBev rose 5% Wednesday morning after the company posted higher revenue and profit in the first quarter, as analysts said it had escaped the drag from a year-long boycott of its Bud Light brand relatively unscathed.

Shares of several French cognac makers rallied on Tuesday after France’s President Emmanuel Macron suggested that trade tensions between China and the European Union, which could impact the drinks makers, may ease.