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Yahoo
6 days ago
- Business
- Yahoo
AriZona Iced Tea founder considering price hike to 99-cent tallboys — all thanks to Trump's aluminum tariffs
AriZona iced tea has been one of the sweet holdouts at 99 cents, even as coffee, rent and streaming subscriptions have climbed year after year. But that price tag that has remained the same for 30 years may be on the verge of breaking. Founder and chairman Don Vultaggio says he's now weighing a move he's avoided for more than three decades: raising the cost of the brand's iconic tallboys. 'I hate even the thought of it,' Vultaggio told The New York Times. 'It would be a hell of a shame after 30-plus years.' The pressure comes from a 50% tariff on aluminum imports imposed under the Trump administration, which has made AriZona's signature cans far pricier to produce. The company use more than 100 million pounds of aluminum each year, with 20% sourced from Canada. While Vultaggio hopes the trade dispute resolves before consumers feel the impact, he admitted the cost can't be absorbed forever. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now How AriZona found its flavor Growing up in Brooklyn's Flatbush neighborhood, Vultaggio often overheard his father — a manager at an A&P grocery store — discussing retail and labor issues. After high school, he worked at a Bushwick brewery, where his interest in materials over brewing led him and partner John Ferolito to start a beer distribution business — that seed that became AriZona. The turning point came on a frigid day in 1991, when Vultaggio spotted a truck unloading cases of Snapple in Lower Manhattan. 'I went home that night and told my wife, 'We're going into the iced tea business,'' Vultaggio said. 'I didn't know beans about iced tea.' To stand out, his wife Ilene — a pastel artist — designed a bold turquoise, pink and yellow sunburst. When naming the brand, they wanted something cool and distinctive, landing on 'Arizona' and giving it a final flourish: a capitalized 'Z' to make it pop. But it wasn't just the design that set them apart. Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. Building the brand Vultaggio says AriZona's success rests on three simple rules: make it taste good, make it look good and price it right. The 99-cent tallboy, introduced in 1997, became a defining feature of the brand. By 2000, sales had jumped 30%. 'Our marketing was never built on anything other than just common sense,' Vultaggio said. U.S. tariffs are expected to cost midsize businesses $82.3 billion, according to the JPMorgan Chase Institute. While midsize firms — those with annual revenues between $10 million and $1 billion — make up a third of private sector revenue and jobs, many lack the scale to absorb or negotiate away higher import costs. AriZona pulls in more than $4 billion in annual sales, according to The New York Post, putting it well beyond the midsize category, yet it's still feeling the effects. Aluminum prices have nearly doubled in the past 18 months, jumping from about $1,750 per metric ton to nearly $3,250. Shipping, taxes and other costs push prices even higher, with premiums rising from roughly $420 per ton in April 2019 to more than $880 today. Privately held and vertically integrated, AriZona sells about two billion cans a year, roughly half of them tallboys. That independence gives Vultaggio more control over pricing and operations, helping him maintain the consistency that has turned first-time buyers into lifelong fans. 99-cent strategy About 80% of the aluminum AriZona uses for its tallboys comes from recycled material made in the U.S. The rest is imported from Canada and is subject to a 50% import duty. 'Our price has been dramatically bumped up because of this tariff talk,' Vultaggio said. If your favorite products are starting to creep up in price, remember that even the most stubborn price holds can't dodge rising costs forever. When tariffs hit, companies face tough choices: absorb the costs, cut corners or pass them on to customers. Brands like AriZona, which control much of their production, can hold the line longer but not indefinitely. Before Vultaggio was running a multibillion-dollar brand, he was a blue-collar worker making every dollar count. 'I started out as a blue-collar guy, and budgeting your finances on a daily basis was a part of life,' he told The Los Angeles Times. With tariffs pushing prices higher across industries, this might be a good time to take a closer look at your budget. Set aside a small monthly cushion to cover unexpected cost increases. Track the prices of the products you rely on so you can spot hikes early and stock up. Pay attention to economic signals like tariff announcements and commodity price swings — they're often the earliest warning signs that your grocery bill, utility costs or even your afternoon iced tea could be next. What to read next Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Here are 5 simple ways to grow rich with real estate if you don't want to play landlord. And you can even start with as little as $10 Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Yahoo
24-07-2025
- Business
- Yahoo
Keurig Dr Pepper quarterly revenue beats expectations fueled by US demand
(Reuters) -Keurig Dr Pepper reported second-quarter slightly revenue above Wall Street expectations on Thursday, driven by strong demand for its energy drinks and soft beverages, especially in the U.S. WHY IT IS IMPORTANT The Snapple maker enjoyed resilient demand for its higher-priced ready-to-drink beverages, including Yoo-Hoo and Crush, and through the popularity of its majority-owned energy-drink maker, Ghost. The company's results mirror those of bigger rivals PepsiCo's and Coca-Cola's, both of which recently beat quarterly estimates on strong demand. KEY QUOTE "Though the back half will present new challenges, we are on track to deliver our 2025 outlook," said CEO Tim Cofer. MARKET REACTION Shares of Keurig Dr Pepper, which rose about 4% so far this year, were flat in premarket trading. CONTEXT Instability arising from U.S. President Donald Trump's fluctuating tariff policies and the resulting trade tensions has led to a decline in consumer spending. Keurig also faces a direct risk from tariffs on its business in Canada and Mexico, especially due to the Canadian boycott of U.S. products, and the impact of tariff-driven coffee prices. BY THE NUMBERS Net sales for the quarter rose 6.1% to $4.16 billion, compared with estimates of $4.14 billion, according to data compiled by LSEG. Keurig Dr Pepper posted an adjusted profit of 49 cents per share, in line with analysts' estimates. The Sun Drop maker's volumes grew 5% compared to a 1.8% rise a year ago, with Ghost contributing 4 percentage points to the volume growth. Net sales in the U.S. beverages segment rose 10.5% compared to a 3.3% rise in the year-ago quarter. The company continues to expect annual net sales to grow in the mid-single-digit range and adjusted profit to grow in the high-single digits. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Sydney Morning Herald
27-06-2025
- Entertainment
- Sydney Morning Herald
And Just Like That recap: Genuine tragedy and full-frontal nudity
On a nighttime dog walk past the Guggenheim, Harry shares the news and tries to soothe a terrified Char with the facts: De Niro survived this! He is not going to die for a long time! But he doesn't want anyone knowing and is keen for life to proceed as normal, so Char just has to swallow it. Over in the Gramercy, Carrie's back narrating life in her empty, echoing apartment from the perspective of 'The Woman' in her vague historical fiction novel. Her newly arrived downstairs neighbour isn't the only one in hell. This storyline was triggering to me, someone with a heavy-footed upstairs neighbour and fear of confrontation. The only possible cure for my ills might've been seeing the montage of Carrie stomping about in fabulous outfits as her tenant (?) tosses and turns in a dark, water-damaged apartment downstairs, but sadly it was shot only from the calves down, before Duncan Reeves, revered writer of doorstop-sized historical biographies, bangs on the door to declare, 'You are always walking in heels! Have you no rugs?!' At brunch, Carrie does the unthinkable when describing the scenario to her friends. While announcing that she has rights, she evokes the title of a legendary Sex and the City episode: ' A Woman's Right to Shoes'. Loading Remember that one? It was in that blissful season six period after Berger but before we had to endure Petrovsky? When the show said so much about single women and their coupled-up, new-parent friends who judged them for their expensive footwear proclivities? And it did it all in a compact half hour? I dream of those days. Where was I? Turns out Duncan is like the Ron Chernow of this universe, and he's also 'a lot of fun' according to the disembodied head sending texts as Samantha Jones. He lives it up in London for half the year, then comes to New York to write about Margaret Thatcher, fuelled only by stew, for the other six months. The endless back and forth of 'please walk a bit quieter' / 'no I shan't I have to wear heels always' is just another example of the show's writers' memory loss, considering Carrie was already forced into flats in season one after her hip surgery. Miranda was an awful visitor then – remember her and Che in the kitchen, grunting into each other's mouths while Carrie tried to pee in a Snapple bottle? (My god, what is this show?) – and she remains one now. Once Carrie remembers she has 'the extra rooms' and offers her lifelong best friend a place to crash, they're both on their absolute worst behaviour. Loading Carrie expects Miranda to take HER shoes off and says, 'I know how to walk in mine.' Miranda stalks around the house fully nude like one of the bad guys in It Follows and makes no attempt to cover up. She eats Carrie's yoghurt and banana. Carrie knocks a Coke ('My last Mexican Coke!') onto the new table (I can't even get into the Aidan's-thumbs-down-table of it all any more, we need to have some standards) and mops it up with Miranda's work papers (?!) and then Miranda mops it up with Carrie's silk scarf. These women both need brain scans.
The Age
27-06-2025
- Entertainment
- The Age
And Just Like That recap: Genuine tragedy and full-frontal nudity
On a nighttime dog walk past the Guggenheim, Harry shares the news and tries to soothe a terrified Char with the facts: De Niro survived this! He is not going to die for a long time! But he doesn't want anyone knowing and is keen for life to proceed as normal, so Char just has to swallow it. Over in the Gramercy, Carrie's back narrating life in her empty, echoing apartment from the perspective of 'The Woman' in her vague historical fiction novel. Her newly arrived downstairs neighbour isn't the only one in hell. This storyline was triggering to me, someone with a heavy-footed upstairs neighbour and fear of confrontation. The only possible cure for my ills might've been seeing the montage of Carrie stomping about in fabulous outfits as her tenant (?) tosses and turns in a dark, water-damaged apartment downstairs, but sadly it was shot only from the calves down, before Duncan Reeves, revered writer of doorstop-sized historical biographies, bangs on the door to declare, 'You are always walking in heels! Have you no rugs?!' At brunch, Carrie does the unthinkable when describing the scenario to her friends. While announcing that she has rights, she evokes the title of a legendary Sex and the City episode: ' A Woman's Right to Shoes'. Loading Remember that one? It was in that blissful season six period after Berger but before we had to endure Petrovsky? When the show said so much about single women and their coupled-up, new-parent friends who judged them for their expensive footwear proclivities? And it did it all in a compact half hour? I dream of those days. Where was I? Turns out Duncan is like the Ron Chernow of this universe, and he's also 'a lot of fun' according to the disembodied head sending texts as Samantha Jones. He lives it up in London for half the year, then comes to New York to write about Margaret Thatcher, fuelled only by stew, for the other six months. The endless back and forth of 'please walk a bit quieter' / 'no I shan't I have to wear heels always' is just another example of the show's writers' memory loss, considering Carrie was already forced into flats in season one after her hip surgery. Miranda was an awful visitor then – remember her and Che in the kitchen, grunting into each other's mouths while Carrie tried to pee in a Snapple bottle? (My god, what is this show?) – and she remains one now. Once Carrie remembers she has 'the extra rooms' and offers her lifelong best friend a place to crash, they're both on their absolute worst behaviour. Loading Carrie expects Miranda to take HER shoes off and says, 'I know how to walk in mine.' Miranda stalks around the house fully nude like one of the bad guys in It Follows and makes no attempt to cover up. She eats Carrie's yoghurt and banana. Carrie knocks a Coke ('My last Mexican Coke!') onto the new table (I can't even get into the Aidan's-thumbs-down-table of it all any more, we need to have some standards) and mops it up with Miranda's work papers (?!) and then Miranda mops it up with Carrie's silk scarf. These women both need brain scans.
Yahoo
12-06-2025
- Entertainment
- Yahoo
Fantastic Four producer teases the new Marvel movie's villain and says Galactus is "the most epic of the most epic that you can imagine"
When you buy through links on our articles, Future and its syndication partners may earn a commission. Whatever your expectations are for The Fantastic Four: First Steps villain Galactus, raise them – according to producer Grant Curtis, at least. "The most epic of the most epic that you can imagine," Curtis said in a new interview with Collider when asked what we can expect from the world-devouring entity. "Because that's the global stakes we're dealing with, the universal stakes we're dealing with. That's Galactus. When Galactus's gaze comes across your planet, you're not in a good spot. I think that's as big of a scope and scale you could ever ask a villain to bring with him or her. And that is what Galactus brings... One of the beautiful things about working with Kevin Feige and with [director] Matt Shakman, they are totally in on sci-fi." The movie's big bad will be played by Ralph Ineson, who's best known for his role in the UK version of The Office but has also appeared in movies like The Green Knight, The Northman, and Nosferatu. Julia Garner will play Galactus' herald, Silver Surfer. The character previously appeared in 2007's Fantastic Four: Rise of the Silver Surfer, where he was depicted as a cloud-like form, but First Steps is taking Galactus back to his comic book origins. We recently got our first look at him, headpiece and all, in an unlikely way: a Snapple promotion. As for Marvel's First Family, Pedro Pascal, Vanessa Kirby, Joseph Quinn, and Ebon Moss-Bachrach are bringing Reed Richards, Sue Storm, Johnny Storm, and Ben Grimm to the MCU. The cast also includes John Malkovich, Natasha Lyonne, and Paul Walter Hauser. The Fantastic Four: First Steps arrives in theaters on July 25 as part of Marvel Phase 6. For more, check out our guide to all the other upcoming superhero movies still to come in 2025 and beyond.
