May 3 (Reuters) – Alcoholic beverage maker Beam Inc
posted better-than-expected quarterly profit on Thursday, helped
by higher sales and lower interest expense, sending shares up
The maker of Jim Beam and Maker’s Mark bourbons also stood
by its full-year target to grow earnings per share by a rate in
the high single digits.
May 3 (Reuters) – Packaged food maker Sara Lee Corp
reported lower-than-expected quarterly profit on Thursday and
tempered its full-year outlook, helping to send shares down more
than 5 percent in premarket trading.
Sara Lee said full-year earnings per share should fall in
the middle of its forecast range of 89 cents to 95 cents per
share. But net sales and operating income will be at the low end
of their ranges, the company said.
(Reuters) – Coca-Cola Co took the unusual step of shooting down a report on Monday that said it was in talks to buy energy drink maker Monster Beverage Corp, valued at more than $11 billion (6.7 billion pounds).
The statement from the world’s largest soft drink maker came in response to a story in the Wall Street Journal that said Coke was in discussions to buy the fast growing energy drink maker, whose brands include Monster Energy and Java Monster.
NEW YORK, April 30 (Reuters) – In the 1980s Michael Jackson
pitched it as “the choice of a new generation.” In 1990 Ray
Charles told people they “had the right one, baby.” Now, Pepsi
wants people to “Live for Now.”
A multi-year campaign featuring that tagline, as well as
various online components, ads and partnerships will roll out
globally for the cola brand this year, starting on Monday in the
(Reuters) – PepsiCo Inc and Coca-Cola Enterprises reported higher-than-expected quarterly profits and stood by their full-year forecasts, helped by price increases on sodas.
Like most food and beverage companies, PepsiCo and Coke Enterprises raised prices to offset higher commodity costs. But those price increases can often hurt sales volume.
April 26 (Reuters) – PepsiCo Inc reported a smaller
dip in quarterly profit than Wall Street was expecting, helped
by price increases, and stood by its full-year outlook.
Net income was $1.13 billion, or 71 cents per share, in the
first quarter, down from $1.14 billion, or 71 cents per share, a
(Reuters) – Hershey Co (HSY.N: Quote, Profile, Research, Stock Buzz) posted a higher-than-expected first quarter profit on Tuesday, helped by price increases, and raised its full-year outlook, sending the candy maker’s shares up nearly 3 percent.
The maker of Reese’s peanut butter cups, Twizzlers and Kit Kat bars said price increases were responsible for its 10.7 percent increase in first-quarter sales. Volume, which declined due to those increases, was still better than expected.
April 23 (Reuters) – Beam Inc is buying whipped
cream-flavored vodka maker Pinnacle for $605 million, the
company said on Monday, in a bid to sweeten a portfolio heavy on
Yet shares of Beam, which is often viewed as a takeover
candidate itself, fell more than 2 percent in midday trading.
(Reuters) – Kellogg Co (K.N: Quote, Profile, Research, Stock Buzz) cut its full-year outlook on Monday after a disappointing first-quarter performance, and its shares fell nearly 6 percent in premarket trading.
The world’s largest cereal company cited weakness in its European business and in some categories in the United States, and said it would continue to invest in future growth.
NEW YORK, April 19 (Reuters) – The U.S. wine market has come
a long way since 1967 when Banfi Vintners started importing
Riunite Lambrusco from Italy. Now, the third generation of the
family that runs the company is introducing products and making
acquisitions to suit the times.
In June, Banfi will launch Sweet Red and Sweet White
varieties of Riunite in the United States, aimed at
twenty-something year olds who may never have heard the slogan
“Riunite on ice, That’s nice”.