Tag: Beverages

PARIS/LONDON, Oct 19 (Reuters) – French spirits maker Pernod Ricard on Thursday said it expected higher sales this year despite a tough first quarter, painting a positive picture for both China and the United States which helped lift its shares by over 5%.

PepsiCo beat Wall Street’s estimates for third-quarter earnings and revenue.

Constellation Brands   raised fiscal-year earnings expectations after reporting second-quarter profit and revenue that beat Wall Street estimates, driven by strength of the Modelo brand.

Keurig Dr Pepper (KDP.O) on Wednesday named packaged foods industry veteran Tim Cofer as its new chief executive, replacing Bob Gamgort.

Pernod Ricard (PERP.PA) warned that sales would decline in Chinese and U.S. markets in its first quarter to Sept. 30, sending shares in the drinks group down 4% on Thursday despite forecast-beating annual results.

Πτώση του πληθωρισμού αλλά όχι επιστροφή στα επίπεδα του 2021, βλέπει η εταιρεία.

Ισχυρή άνοδο στα λειτουργικά κέρδη και στα καθαρά έσοδα από πωλήσεις σημείωσε η Coca-Cola HBC για το α’ εξάμηνο του 2023, σύμφωνα με τα αποτελέσματα που ανακοίνωσε την Τετάρτη η εταιρεία.

AB InBev’s core profit rose 5% year on year, well above expectations despite a boycott that led to a sharp fall in sales of Bud Light beer.

Heineken on Monday cut its full-year outlook after reporting a fall in key earnings for the first half, largely due to lower volumes in the profitable Asia Pacific region.

Keurig Dr Pepper Inc  beat Wall Street estimates for quarterly results on Thursday and forecast higher annual sales, as the soda maker benefits from multiple rounds of price hikes that helped counter slowing demand due to still high inflation.

Coca-Cola
on Wednesday raised its full-year outlook after reporting earnings and revenue that topped estimates.

.

PARIS, July 25 (Reuters) – French spirits group Remy Cointreau (RCOP.PA) on Tuesday reported a fall in first-quarter organic sales, reflecting weaker U.S. demand, high year-ago comparables and destocking, and said it was banking on a sharp rebound in sales in the U.S. from the third quarter.

.

Carlsberg said late Sunday that the Russian government has taken control of its Russian Baltika Breweries business.

Constellation Brands‘ earnings smashed Wall Street’s expectations as it reaffirmed its profit outlook for the year on Friday.

Bud Light’s parent company Anheuser-Busch InBev (BUD) is out with a new ad campaign highlighting the workers behind its products as sales continue to take a hit following its campaign with influencer Dylan Mulvaney earlier this year.

One of the world’s most common artificial sweeteners is set to be declared a possible carcinogen next month by a leading global health body, according to two sources with knowledge of the process, pitting it against the food industry and regulators.

Η Coca-Cola HBC ανακοίνωσε τη Δευτέρα ότι προχωρά στην εξαγορά της Brown-Forman Finland Oyj.Πρόκειται για την ιδιοκτήτρια του brand βότκας Finlandia. Η εταιρεία ανήκε μέχρι σήμερα στην Brown-Forman Netherlands και το τίμημα της εξαγοράς, όπως αναφέρει το πρακτορείο Reuters, ανέρχεται στα 220 εκατ. δολ.

Modelo Especial has quietly overtaken Anheuser-Busch InBev’s Bud Light as the nation’s top-selling beer, punctuating the impact of a boycott that followed the brand’s controversial promotion by a transgender activist.

Anheuser-Busch InBev and Molson Coors Beverage are set to gain market share from craft beer makers in the United States this year as cost-conscious consumers are opting for cheaper six-packs, according to analysts and industry experts.

Japan’s Asahi Group Holdings has plans to dive back into the China market as it looks to revive investments in the world’s largest beer market.