×

Food and Beverage Beverages

  • BORDEAUX, France, May 6- Bordeaux vineyards in southwest France could lose about half of their harvest this year after two nights of frost damaged the crop at the end of April, a wine industry official said on Saturday. Wines from the Cognac, Bergerac, and Lot-et-Garonne regions had also been affected, Bernard Farges, head of the Syndicat des vins Bordeaux et...

  • Constellation Brands CFO: We did a lot of work on effect of a BAT on our business

    David Klein, Constellation Brands CFO and member of CNBC's Global CFO Council, discusses Mexican beer and how it may be affected by Trump administration policies, as well as the beverage company's outlook for their portfolio of brands.

  • SAO PAULO, May 4- Ambev SA will continue to keep sales, general and administrative expenses in check while taking steps to grow faster in premium beer brands, as sales volumes at Latin America's largest beer maker reels from a steep recession in Brazil, Chief Executive Officer Bernardo Paiva said on Thursday.

  • *In Brazil, volumes grow but earnings sharply down. BRUSSELS, May 4- The world's largest brewer, Anheuser-Busch InBev, reported higher than expected profit growth in the first quarter and said there were signs of a turnaround in Brazil, its second-biggest market, after a two-year slump. Beer volumes finally picked up in Brazil in January to March, the brewer said on...

  • *Q1 revenues beat forecast, maintains 2017 outlook. COPENHAGEN, May 4- Carlsberg stuck to its 2017 profit forecast on Thursday as the Danish brewer reported a 5 percent rise in first quarter sales, with lower overall volumes offset by an improved price mix as drinkers opted for pricier beers. "Both Eastern Europe and Asia delivered surprisingly strong...

  • *Q1 adj. profit 84 cents/ shr vs. est. May 3- Kraft Heinz Co, North America's No. 3 food and beverage company, reported lower-than-expected quarterly profit and sales, due to weak demand for its Velveeta cheese, Planters nuts and Oscar Mayer meats brands in the United States and Canada. Canada sales fell 12.2 percent in the quarter due to delayed contract agreements with...

  • May 3- Kraft Heinz Co, North America's third-largest food and beverage company, reported lower-than-expected quarterly profit and sales, hurt by weak demand in the United States and Canada. Canada sales fell 12.2 percent in the first quarter ended April 1. Net income attributable to shareholders was $893 million, or 73 cents per share, in the first quarter,...

  • May 3- Kraft Heinz Co, North America's third-largest food and beverage company, reported a 3.1 percent fall in quarterly profit on Wednesday, hurt by a strong dollar and weak demand in the United States and Canada. The company, which owns brands such as Velveeta cheese and Heinz ketchup, reported net income of $893 million, or 73 cents per share, in the first quarter...

  • NEW YORK, May 3- Not all of the world's most notable winemakers are to the manor born, and they are not all from France or Italy. Some took a more circuitous route to the vineyard and now toil anywhere from Napa Valley to New Zealand. Co-founder of Kim Crawford Wines and Loveblock Wines in New Zealand.

  • NEW YORK, May 3- Not all of the world's most notable winemakers are to the manor born, and they are not all from France or Italy. Some took a more circuitous route to the vineyard and now toil anywhere from Napa Valley to New Zealand. Co-founder of Kim Crawford Wines and Loveblock Wines in New Zealand.

  • Dunkin Donuts

    RBC Capital believes Dunkin' Brands will increase sales by focusing more on its core coffee products.

  • *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...

  • 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.

  • 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...

  • 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...