Tag: Beverages

Italian spirits group Campari  has raised 1.2 billion euros by selling new shares and debt that can be converted into equity to fund last month’s acquisition of French cognac house, it said on Wednesday.

Constellation Brands fell short on quarterly sales and slashed its fiscal-year outlook, cutting sales guidance for its wine and spirits business.

China has opened an anti-dumping investigation on brandy imported from the European Union, a step that appears to be mainly targeted at France and adds to ongoing trade disputes between Beijing and Brussels.

Brown-Forman Corp.’s stock slid 4.7% early Wednesday, after the parent to Jack Daniel’s whiskey posted weaker-than-expected fiscal second-quarter earnings and said a challenging operating environment has it tempering its expectations for the year.

Nov 10 (Reuters) – Diageo’s shares fell by as much as 16% on Friday after the maker of Johnnie Walker whisky said it expected first-half operating profit growth to drop due to “materially weaker performance” in Latin America and the Caribbean.

Monster Beverage Corp beat estimates for third-quarter profit on Thursday, helped by higher pricing for its energy drinks and hard seltzers, sending the company’s shares up about 3% in extended trade.

The world’s biggest brewer followed an industry trend of lower volumes and higher revenue on more expensive beer prices.

Αύξηση 15,3% εμφάνισαν τα καθαρά έσοδα από πωλήσεις της Coca Cola HBC σε οργανική βάση στο τρίμηνο, με τα καθαρά έσοδα από πωλήσεις εννιαμήνου να αυξάνονται κατά 17% σε οργανική βάση. Η εταιρεία διατηρεί αμετάβλητες τις προβλέψεις της για το 2023, καθώς αναμένει αύξηση των λειτουργικών κερδών στο εύρος 9% με 12% σε οργανική βάση.

Heineken sold 4.2% less beer in the third quarter, as the Dutch brewer faced a challenging macroeconomic climate and consumers were deterred by higher prices.

Coca-Cola shares were rising Tuesday after the beverage company easily topped estimates for the third quarter and lifted guidance.

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.