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Food and Beverage Beverages

  • *Companies also expanding manufacturing in Egypt to export. Like other big manufacturers in Egypt, the global food and beverage giant is sourcing more of its raw materials locally to keep a lid on costs and limit price rises as consumers struggle with food inflation running at above 40 percent. The cost of imports has soared in Egypt since the country abandoned...

  • *Companies also expanding manufacturing in Egypt to export. Like other big manufacturers in Egypt, the global food and beverage giant is sourcing more of its raw materials locally to keep a lid on costs and limit price rises as consumers struggle with food inflation running at above 40 percent. The cost of imports has soared in Egypt since the country abandoned...

  • BOSTON _ Boston Beer Co. on Wednesday reported first-quarter net income of $5.7 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • The S&P 500  and Nasdaq remained pretty much flat for the Wednesday session

    U-S equities pared earlier gains as the Trump administration outlined its long-awaited tax reform proposal.

  • *Q1 adj. profit of $0.94/ shr vs est $0.92. April 26- PepsiCo Inc's quarterly revenue and profit beat estimates on demand for its healthier drinks and snacks and higher pricing in North America, but a contraction in the company's gross margins weighed on shares. Shares of the company, which also warned that margins will remain under pressure in the current quarter,...

  • Pepsico CFO: Business has bounced back very strongly

    PepsiCo Vice Chairman & CFO Hugh Johnston speaks to CNBC's Sara Eisen about the beverage and snack giant's quarterly results and growth trajectory.

  • NEW YORK— Coke's flagship cola is being sold as a health drink of sorts in Japan, with a version that promises to deliver fiber. The company noted the launch of Coca-Cola Plus in Japan during a call Tuesday, as well as Canada Dry Plus that has fiber. Drinks promising health benefits are common in Japan.

  • Organic revenue rose 2.1 percent in the first quarter ended March 25, while total revenue rose 1.6 percent to $12.05 billion, the second quarter of rising sales after eight quarters of decline. Revenue from PepsiCo's North America beverage business, the company's biggest, rose 2.3 percent to $4.46 billion. Net income attributable to PepsiCo rose to $1.32...

  • Revenue from its North America beverage business, the company's biggest, rose 2.3 percent to $4.46 billion in the first quarter ended March 25. Net income attributable to PepsiCo rose to $1.32 billion, or 91 cents per share, in the quarter, from $931 million, or 64 cents per share, a year earlier. Analysts on average had expected earnings of 92 cents per share on...

  • PURCHASE, N.Y.— Higher prices helped lift PepsiCo's sales in the first quarter, as the maker of Doritos, Gatorade and Quaker worked on transforming its lineup of products to keep up with changing tastes. Sales for the North America Beverages and Frito-Lay North America segment both climbed 2 percent in the quarter, as pricing offset a decline in volume.

  • Incoming Coke CEO: New smaller, focused company sets us up for growth

    Incoming Coca-Cola CEO James Quincey discusses the beverage giant's quarterly earnings, restructuring announcements and the growth trajectory for the company.

  • Coca-Cola and rival PepsiCo Inc's soda sales have taken a hit as consumers in North America and Europe increasingly shun sugary drinks. The Atlanta- based company said it was increasing its cost-cutting target by $800 million in annualized savings and now expects to save $3.8 billion by 2019.. The company, which also reported a smaller-than-expected...

  • Coca-Cola also reported a smaller-than-expected quarterly profit, mainly due to higher costs related to refranchising its North America bottling operations. "We are not too worried about this quarter's miss," RBC Capital Markets analyst Nik Modi wrote in a note. The company is offloading much of its low-margin bottling business to cut costs amid falling...

  • April 25- Coca-Cola Co reported a smaller-than-expected quarterly profit due to higher costs related to refranchising its North America bottling operations. The company is offloading much of its low-margin bottling business to cut costs amid falling demand for carbonated beverages in North America. Net income attributable to the company's...

  • ATLANTA— Coca-Cola's sales declined in the first quarter as it restructured its business, and the world's biggest beverage maker said it will cut 1,200 jobs starting later this year as it deepens its cost-cutting. Coca-Cola Co. said the cuts would help it find another $800 million in annualized savings, in addition to the $3 billion the company previously said...

  • April 25- Coca-Cola Co reported a 20 percent drop in quarterly profit, largely weighed down by higher costs related to refranchising its North America bottling operations. Net income attributable to the company's shareholders fell to $1.18 billion, or 27 cents per share, in the first quarter ended March 31, from $1.48 billion, or 34 cents per share, a year earlier.

  • Dick Leinenkugel, President, Jacob Leinenkugel Brewing Company.

    One of the oldest breweries in the US is toasting 150 years with a new brew.

  • DUBAI, April 23- Saudi stocks rose in heavy volumes on Sunday as investors cheered news that King Salman had issued a royal decree restoring financial allowances for civil servants and military personnel, while Egypt fell steeply on profit taking. The move is likely to boost consumption, benefiting the retail and food sectors, according to economists at Riyadh-...

  • Pot pushing out beer sales

    Wall Street says weed is about to seriously curb the country's appetite for alcohol.

  • ZURICH, April 20- Swiss food giant Nestle maintained its modest 2-4 percent growth target for underlying sales this year, slightly less than Anglo-Dutch rival Unilever, after growth in the first quarter was hit by weak consumer demand for packaged foods in North America and weaker prices in western Europe. Volume growth at Nestle decelerated to 1.3 percent,...