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Beverages Soft Drinks

  • PHILADELPHIA— Philadelphia's new tax on sweetened beverages is slightly exceeding expectations. Figures released Thursday by the city's Department of Revenue show the tax brought in $6.4 million in February. This story has been corrected to show the city's projection for February was $6.3 million, not $5.9 million.

  • PHILADELPHIA— Pepsi is pulling 2- liter bottles and 12- packs of its products from Philadelphia grocery store shelves over the city's new tax on sweetened drinks. Democratic Mayor Jim Kenney's office says the industry was trending toward smaller sizes well before the tax passed. Earlier this month, Purchase, New York- based PepsiCo Inc. cited the tax when...

  • PHILADELPHIA— Less than three months into Philadelphia's new tax on sweetened drinks, the stakes have escalated: Beverage makers say the measure is hurting sales so much they need to cut jobs, while city officials say the moves are a ploy to get the tax struck down. The receipt says the drinks cost $5.99, and the tax adds $3.04. IGA supermarket has hung signs near...

  • After decades-long streak of strong growth, bottled water surpassed carbonated soft drinks to become the largest beverage category by volume in the United States in 2016, according to research and consulting firm Beverage Marketing Corp.. Bottled-water consumption in the United States reached 39.3 gallons per capita last year, while carbonated soft...

  • Pallets of Coke-Cola cans wait to the filled at a Coco-Cola bottling plant on February 10, 2017 in Salt Lake City, Utah.

    Philadelphia's recent soda tax has led to a disastrous decline in beverage sales.

  • March 1- PepsiCo Inc said on Wednesday it would cut 80 to 100 jobs in Philadelphia as the city's new sugar-sweetened beverage tax hurts demand for its products. Philadelphia imposed a tax of 1.5 cent per ounce on sugary and diet drinks to combat rising obesity and diabetes in the city. PepsiCo's beverage sales fell 40 percent in the city because of the tax, company...

  • Coca-Cola Amatil adjusts its supply chain

    Alison Watkins, group MD of Coca-Cola Amatil, says the company will be adapting its portfolio to meet consumer preferences.

  • NEW YORK, Feb 13- A California state senator is taking another stab at introducing a law that would require sugary drink manufacturers to put a warning label on their products, the latest effort in the "War on Sugar." Officials and public health advocates have heightened their criticism of sugar as a key contributor to health epidemics like obesity and diabetes,...

  • Get professional-grade cocktails delivered right to your door

    Do-it-yourself drink kit services deliver the necessary ingredients for a delicious, professional-grade cocktail right to your door.

  • Feb 9- Coca-Cola Co reported better-than-expected quarterly revenue, helped by higher sales of its sodas in North America, its biggest market. Volume sales rose 1 percent in North America, including a 1 percent growth in sales of its carbonated soda drinks such as Sprite and Fanta. The fourth quarter included a $919 million charge related to the refranchising of...

  • Wells Fargo lowers its Coca-Cola 2017 earnings per share estimate to $1.94 from $2.04.

  • An employee delivers cases of Coca-Cola Co. brand soda in Miami Beach, Florida.

    Goldman's Coca-Cola 2017 earnings-per-share estimate is 3 percent below Wall Street consensus.

  • LONDON, Dec 5- Britain moved forward with its planned sugar tax on Monday, publishing draft legislation confirming a two-band levy for sugar-added soft drinks aimed at fighting obesity. In opting for a sugar tax, Britain joins Belgium, France, Hungary and Mexico, all of which have imposed some form of tax on drinks with added sugar. Britain's tax, announced in March,...

  • *Deal value includes tax benefit of about $400 mln. *Bai to add $132 mln to 2017 net sales. Nov 22- Dr Pepper Snapple Group Inc said on Tuesday it would buy antioxidant beverages maker Bai Brands LLC for $1.7 billion in cash, the latest example of a soft-drinks maker investing in products that are perceived to be healthier.

  • Nov 22- PepsiCo Inc said on Tuesday it would buy health beverage maker KeVita Inc, in an effort to diversify its soft drinks business and tap health conscious consumers. California- based KeVita offers more than two dozen flavors of probiotic drinks, and all its drinks are certified organic, gluten-free and vegan, PepsiCo said in a statement.

  • Nov 22- Dr Pepper Snapple Group Inc said on Tuesday it would buy antioxidant beverages maker Bai Brands LLC for $1.7 billion, in cash, in the latest example of a soft-drinks maker investing in products that are perceived to be healthier. Dr Pepper Snapple, which also makes the 7 UP and Schweppes soft drinks, already has a roughly 3 percent stake in Bai.

  • NEW YORK, Nov 10- Chicagoans and other residents of Cook County will see soft-drink prices rise after a new tax on sugary beverages was narrowly approved by county officials on Thursday, aimed at both addressing health issues linked to sugar consumption and trimming a budget shortfall. Voters in San Francisco and two other northern California cities, Oakland...

  • The votes on so-called soda taxes in San Francisco, Albany and Oakland in California and in Boulder, Colorado, came a month after the World Health Organization recommended governments impose such taxes to battle obesity, diabetes and other diet-related diseases. Larry Tramutola, a California political strategist who organized the pro-tax campaigns in San...

  • Nov 9- Voters in San Francisco, California passed a tax on sugar-sweetened beverages on Tuesday, unofficial results showed, as the push by local governments to target soda to stem obesity and diabetes gathered speed. San Francisco Bay Area neighbor Albany, California passed a similar measure, preliminary figures showed and measures in Oakland, California and...

  • NEW YORK, Nov 4- As Americans vote for a new president on Tuesday, hundreds of thousands of voters in California's Bay Area and Boulder, Colorado, will also decide whether they want levies on sugary drinks, another step toward making soda taxes a norm. Three cities in California- San Francisco, Berkeley and Albany- and Boulder, Colorado, have become the latest...