It’s been a year of contradictions. The recession drum beats on, interest rates are rising, and the stock market has taken a tumble, and yet retail sales have risen 6.5% Read more
Tag: non-alcoholic beverages
Apple, Pepsi among newest to join alliance buying greener concrete and steel
PepsiCo Inc., Apple Inc. and Rio Tinto PLC can be counted among the newest members of a corporate alliance committing $12 billion to purchasing near-zero-carbon steel, aluminum, cement and other products with the intention Read more
Coca-Cola HBC lifts guidance after strong third quarter performance
Coca-Cola HBC AG on Tuesday raised its full-year comparable EBIT guidance after a strong third-quarter performance that was boosted by higher volumes and subsequent revenue growth. The FTSE 100 Coca-Cola Read more
Coca-Cola’s third-quarter profit and revenue bode well for beverage stocks, says analyst
Coca-Cola reported better-than-expected profit and revenue before the opening bell on Tuesday, the latest set of positive numbers from the beverage industry. The company’s stock rose 1.26% after the third-quarter Read more
Nestle expands coffee business, lifts 2022 organic growth guidance
Nestle SA said Wednesday that it would acquire Seattle’s Best Coffee brand from Starbucks Corp. in a move to bolster its U.S. coffee business, and lifted sales guidance after price Read more
SEC accuses ex-CEO of NewAge, which shot to pot-stock fame, of ‘multi-year fraud’
The Securities and Exchange Commission has filed charges against former NewAge Inc. Chief Executive Brent David Willis, accusing him of a “multi-year fraud” that included misleading public statements meant to Read more
PepsiCo stock jumps after profit and revenue beats, raised outlook
Shares of PepsiCo Inc. rallied Wednesday, after the beverage and snack giant reported third-quarter profit and revenue that rose above expectations and raised its full-year outlook, as higher prices helped Read more
Tesla to deliver first Semi Trucks to PepsiCo. in December, Elon Musk says
Tesla Inc. has started production of its long-awaited all-electric Semi Truck and will make its first deliveries to PepsiCo Inc. in December, Chief Executive Elon Musk said late Thursday. “Excited Read more
U.S. companies, including PepsiCo, accused of ‘moralwashing’ in statements about Russia
A host of companies has been accused of making statements about Russia that “look better than their actions,” according to the Moral Rating Agency. The Moral Rating Agency has published Read more
Nestle to invest $1.01 billion on responsible coffee farming
Nestle SA plans to invest over 1 billion Swiss francs ($1.01 billion) to help make coffee farming more sustainable. The Swiss packaged-foods giant NESN, +0.17% NSRGY, -0.10% said Tuesday that Read more
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