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Coca-Cola

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Reuters - 1 day ago

Monster Beverage misses quarterly results on weaker demand

Monster Beverage misses quarterly results on weaker demand Nov 7 (Reuters) - Monster Beverage MNST.O missed Wall Street estimates for third-quarter sales and profit on Thursday, as cost-conscious consumers cut back spending on its higher-priced beverages. Shares of the company were down about 3% after the bell. Consumers, especially from low to middle-income groups, have been curbing their cravings for branded non-alcoholic drinks and opting for cheaper alternatives.
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Reuters - 3 days ago

Coca-Cola Europacific Partners cuts annual sales forecast on weak Europe demand

Coca-Cola Europacific Partners cuts annual sales forecast on weak Europe demand Nov 5 (Reuters) - Coca-Cola Europacific Partners CCEP.O , a bottling unit of Coca-Cola KO.N , lowered its annual sales forecast on Tuesday in response to reduced demand for beverages in Europe, as well as weakness in Indonesia linked to the Middle East conflict. Although demand for sodas has remained resilient, customers from lower income groups are becoming more cautious and opting to eat at home rather than dining
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Reuters - 4 days ago

South Korean companies and foodies bet on sugar substitute allulose

South Korean companies and foodies bet on sugar substitute allulose Production costs hinder commercial use despite potential benefits Two South Korean firms launch new push to mass-produce allulose Health experts call for more research on long-term effects By Hyunsu Yim SEOUL, Nov 5 (Reuters) - South Korea has become a top testing ground for the sweetener allulose, a potential rival to sugar substitutes like stevia that is finding favour among both local food influencers and big domestic food co
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Reuters - 6 days ago

Berkshire Hathaway Reports Q3 Operating Earnings Of $10.09 Bln Vs $10.76 Bln Year-Earlier

BRIEF-Berkshire Hathaway Reports Q3 Operating Earnings Of $10.09 Bln Vs $10.76 Bln Year-Earlier Nov 2 (Reuters) - Berkshire Hathaway Inc BRKa.N : BERKSHIRE HATHAWAY: Q3 OPERATING EARNINGS $10.09 BILLION VERSUS YEAR-EARLIER $10.76 BILLION BERKSHIRE HATHAWAY: Q3 NET EARNINGS ATTRIBUTABLE TO BERKSHIRE SHAREHOLDERS $26.25 BILLION VERSUS YEAR-EARLIER LO
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Reuters - 1 week ago

PepsiCo beats New York state's lawsuit over plastics pollution

UPDATE 1-PepsiCo beats New York state's lawsuit over plastics pollution Adds statement from attorney general's office, paragraph 8 PepsiCo was accused of polluting Buffalo's water supply Judge criticizes Attorney General Letitia James for suing James disappointed with decision, reviewing options PepsiCo emphasizes commitment to plastics reduction By Jonathan Stempel NEW YORK, Nov 1 (Reuters) - PepsiCo PEP.O won the dismissal of New York's lawsuit accusing the beverage and snack-food company of p
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Reuters - 1 week ago

PepsiCo beats New York state's 'predatory' lawsuit over plastics pollution

PepsiCo beats New York state's 'predatory' lawsuit over plastics pollution Judge criticizes Attorney General Letitia James for bringing the case James' lawsuit claimed PepsiCo polluted Buffalo's water supply with plastic waste PepsiCo pleased with decision, emphasizes commitment to plastics reduction By Jonathan Stempel NEW YORK, Nov 1 (Reuters) - PepsiCo PEP.O won the dismissal of New York's lawsuit accusing the beverage and snack-food company of polluting the environment with single-use plasti
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Reuters - 1 week ago

Coca-Cola Company Announces New Reporting Lines For Costa Coffee And Innocent Businesses To Europe Operating Unit

BRIEF-Coca-Cola Company Announces New Reporting Lines For Costa Coffee And Innocent Businesses To Europe Operating Unit Nov 1 (Reuters) - Coca-Cola Co KO.N : THE COCA-COLA COMPANY ANNOUNCES NEW REPORTING LINES FOR COSTA COFFEE AND INNOCENT BUSINESSES TO EUROPE OPERATING UNIT COCA-COLA CO: CHANGES EFFECTIVE JAN. 1, 2025 COCA-COLA CO - GLOBAL VENTURE
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Reuters - 1 week ago

Sustainable Switch: Climate Focus-Climate change is making temperatures deadlier

Sustainable Switch: Climate Focus-Climate change is making temperatures deadlier Nov 1 - By Sharon Kimathi Energy and ESG Editor, Reuters Digital sharon.kimathi@thomsonreuters.com Hello, This newsletter would have tried to wrap up the two-week biodiversity conference in Cali, Colombia, but the weather dramatically intervened. As the death toll from flash floods in eastern Spain climbed to 158, the largest storm to hit Taiwan in nearly 30 years made landfall, causing two deaths and 515 injuries.
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Reuters - 1 week ago

Los Angeles County sues PepsiCo and Coca-Cola over plastic pollution

UPDATE 1-Los Angeles County sues PepsiCo and Coca-Cola over plastic pollution Adds comment from industry group in paragraph 7 Companies accused of unfair, deceptive business practices LA County calls plastic pollution a public nuisance By Nate Raymond Oct 31 (Reuters) - Los Angeles County has sued beverage makers PepsiCo PEP.O and Coca-Cola KO.N , accusing them of polluting the most populous U.S.
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Reuters - 1 week ago

Los Angeles County sues PepsiCo and Coca-Cola over plastic pollution

Los Angeles County sues PepsiCo and Coca-Cola over plastic pollution Companies accused of unfair, deceptive business practices LA County calls plastic pollution a public nuisance By Nate Raymond Oct 31 (Reuters) - Los Angeles County has sued beverage makers PepsiCo PEP.O and Coca-Cola KO.N , accusing them of polluting the most populous U.S. county with plastic bottles and misleading the public about the environmental impact and recyclability of their containers.
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Reuters - 1 week ago

Bottler Coca-Cola HBC raises annual forecast after Q3 revenue growth beat

Bottler Coca-Cola HBC raises annual forecast after Q3 revenue growth beat By Shanima A Oct 31 (Reuters) - Bottler Coca-Cola HBC CCH.L raised its annual forecast and exceeded market estimates for third-quarter organic revenue growth on Thursday, supported by strong demand for energy, coffee and sparkling drinks. The quarterly revenue jump was fuelled by growth across all segments in volume, pricing, and mix, the company said.
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Reuters - 1 week ago

Americana Restaurants, operator of US fast-food brands in Middle East, posts 54% fall in profit

UPDATE 1-Americana Restaurants, operator of US fast-food brands in Middle East, posts 54% fall in profit Adds revenue, company background, financial details throughout Oct 30 (Reuters) - Americana Restaurants International AMR.AD , which operates U.S. fast food brands in the Middle East, said on Wednesday that third-quarter net profit fell 54.3% from the year-ago period, amid a regional consumer boycott of American brands to protest U.S.
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Reuters - 1 week ago

Billionaire Ambani's Reliance plays catch-up to ride India quick commerce wave

FOCUS-Billionaire Ambani's Reliance plays catch-up to ride India quick commerce wave India quick commerce boom forces Ambani to change tack Retail unit valued at over $100 billion, plans fast deliveries Ambani aims to deploy new business model at 3,000 supermarkets Analysts say not easy to run business from customer-facing shops By Dhwani Pandya and Aditya Kalra NAVI MUMBAI, India, Oct 30 (Reuters) - Asia's richest man Mukesh Ambani is mimicking the strategy of popular Indian grocery startups to
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Reuters - 2 weeks ago

India's Dalmia Bharat Sugar's profit falls, export ban squeezes margins

India's Dalmia Bharat Sugar's profit falls, export ban squeezes margins Oct 28 (Reuters) - India's Dalmia Bharat Sugar and Industries DLMI.NS reported a 48.8% decline in second-quarter profit on Monday, hurt by higher inventory costs due to a sugar export ban , which weighed on its margins. The company, which supplies sugar to companies like Coca-Cola KO.N , Britannia BRIT.NS , Dabur DABU.NS , said its consolidated profit before tax fell to 378.9 million rupees ($4.5 million) for the quarter end
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Reuters - 2 weeks ago

Some companies change tack in China with no recovery in sight

ANALYSIS-Some companies change tack in China with no recovery in sight Executives downbeat about China early in Q3 earnings season Property crisis, youth unemployment remain a problem Beijing has pledged stimulus, investors say may not be enough China Q3 GDP slowest since early 2023 By Bernadette Hogg, Ananya Mariam Rajesh and Helen Reid GDANSK/BENGALURU/LONDON, Oct 28 (Reuters) - Companies around the world are starting to cut prices and costs and scale back activity in China, as the world's sec
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Reuters - 2 weeks ago

Street View: Coca-Cola shows renewed ability to deliver profit growth

BUZZ-Street View: Coca-Cola shows renewed ability to deliver profit growth ** Coca-Cola KO.N is aiming to hit the top end of its organic sales forecast for 2024 as growing demand for its higher-priced sodas and juices in the U.S. helped it post a surprise rise in third-quarter sales on Wednesday ** Stock rated "buy" on avg; median PT is $75- LSEG data MIXED BAG ** J.P.
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Reuters - 2 weeks ago

Keurig Dr Pepper raises its bets on energy drinks with $990 mln deal for Ghost

UPDATE 6-Keurig Dr Pepper raises its bets on energy drinks with $990 mln deal for Ghost Adds CEO comment in paragraph 5, analyst comment in paragraph 7, updates share movement in paragraph 12 By Ananya Mariam Rajesh Oct 24 (Reuters) - Keurig Dr Pepper KDP.O is buying a 60% stake in energy-drink maker Ghost for $990 million, with a plan to purchase the rest in 2028, as it looks to spruce up its refreshment beverages portfolio, they said on Thursday.
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Reuters - 2 weeks ago

South African Markets - Factors to watch on Oct 24

South African Markets - Factors to watch on Oct 24 JOHANNESBURG, Oct 24 (Reuters) - The following company announcements, equity and currency market moves may affect South African markets on Thursday. COMPANIES S.Africa's Clicks posts 14.3% rise in annual profit Amplats revises 2024 refined production guidance SOUTH AFRICAN MARKETS The South African rand slumped on Wednesday against a stronger dollar on bets that the Federal Reserve won't rush to cut interest rates and as investors were uncertain
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Reuters - 2 weeks ago

U.S. Coca-Cola, Nextera Energy Partners, ServiceNow

U.S. RESEARCH ROUNDUP-Coca-Cola, Nextera Energy Partners, ServiceNow Oct 24 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including Coca-Cola, Nextera Energy Partners, and ServiceNow on Thursday. HIGHLIGHTS * Avery Dennison Corp AVY.N : JP Morgan cuts to neutral from overweight * Coca-Cola Co KO.N : JP Morgan cuts target price to $75 from $78 * Nextera Energy Partners LP NEP.N : JP Morgan raises to neutral from underweight *
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Reuters - 2 weeks ago

Wall Street closes down, pressured by tech losses and worries about rates

US STOCKS-Wall Street closes down, pressured by tech losses and worries about rates McDonald's falls after E. coli outbreak Texas Instruments up as profit beats forecasts Boeing falls after results; contract vote awaited Tesla earnings expected after the bell Adds official closing numbers, volume and updates individual stock prices By Lisa Pauline Mattackal, Purvi Agarwal and Carolina Mandl Oct 23 (Reuters) - Wall Street closed lower on Wednesday, as climbing Treasury yields pressured megacap st
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