Latest news with #beverages
Yahoo
3 minutes ago
- Business
- Yahoo
Coca-Cola beats quarterly revenue estimates on steady soda demand
(Reuters) -Coca-Cola beat Wall Street estimates for second-quarter revenue on Tuesday, as the beverages giant benefited from resilient demand for its sodas. The company's shares were up about 1% in premarket trading. They have risen 12.5% so far this year. Coca-Cola's well-known brands and its global presence have thus far cushioned the beverage giant from a broader weakening in demand for sodas in the United States. The company has been able to raise prices in inflationary markets such as Latin America and the U.S., while volume growth has remained steady. Demand for its protein milkshakes brands in the United States has also been strong as consumers look for healthier beverage and snacking options. The company's comparable revenue rose 2.5% to $12.62 billion, compared with analysts' expectations of a 1.86% growth to $12.54 billion, according to data compiled by LSEG.
CNA
4 minutes ago
- Business
- CNA
Coca-Cola beats quarterly revenue estimates on steady soda demand
Coca-Cola beat Wall Street estimates for second-quarter revenue on Tuesday, as the beverages giant benefited from resilient demand for its sodas. The company's shares were up about 1 per cent in premarket trading. They have risen 12.5 per cent so far this year. Coca-Cola's well-known brands and its global presence have thus far cushioned the beverage giant from a broader weakening in demand for sodas in the United States. The company has been able to raise prices in inflationary markets such as Latin America and the U.S., while volume growth has remained steady. Demand for its protein milkshakes brands in the United States has also been strong as consumers look for healthier beverage and snacking options. The company's comparable revenue rose 2.5 per cent to $12.62 billion, compared with analysts' expectations of a 1.86 per cent growth to $12.54 billion, according to data compiled by LSEG.
Reuters
6 minutes ago
- Business
- Reuters
Coca-Cola beats quarterly revenue estimates on steady soda demand
July 22 (Reuters) - Coca-Cola (KO.N), opens new tab beat Wall Street estimates for second-quarter revenue on Tuesday, as the beverages giant benefited from resilient demand for its sodas. The company's shares were up about 1% in premarket trading. They have risen 12.5% so far this year. Coca-Cola's well-known brands and its global presence have thus far cushioned the beverage giant from a broader weakening in demand for sodas in the United States. The company has been able to raise prices in inflationary markets such as Latin America and the U.S., while volume growth has remained steady. Demand for its protein milkshakes brands in the United States has also been strong as consumers look for healthier beverage and snacking options. The company's comparable revenue rose 2.5% to $12.62 billion, compared with analysts' expectations of a 1.86% growth to $12.54 billion, according to data compiled by LSEG.
Yahoo
5 days ago
- Business
- Yahoo
PepsiCo expects smaller decline in annual core earnings
(Reuters) -PepsiCo said on Thursday that it was expecting a smaller drop in annual core profit, helped by a rebound in demand for its energy drinks and healthier soda brands in the United States as well as benefits from favorable foreign exchange rates. PepsiCo shares were up 1.2% in premarket trading after the company reported a surprise rise in second-quarter revenue. The stock is down about 11% this year. The company now expects full-year core earnings per share to fall 1.5%, compared with a 3% decline expected previously. "Our core USD EPS outlook has improved versus our previous expectations as foreign exchange headwinds have moderated, due to the weakening of the U.S. dollar," CEO Ramon Laguarta said in a statement, adding that North America business improved in key categories and channels. PepsiCo, like rival Coca-Cola, has responded to a shift towards healthier snacking from consumers by offering options such as its recently acquired prebiotic soda brand Poppi and new flavors under popular brands such as Lay's and Doritos. While higher prices over the past few years have helped shield the company's margins, PepsiCo is also trying to offer more products are lower price points to appeal to cost-conscious consumers. The company's second-quarter revenue rose about 1% to $22.73 billion, compared with analysts' average estimate of a 0.99% decline to $22.28 billion, according to data compiled by LSEG. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Reuters
5 days ago
- Business
- Reuters
PepsiCo expects smaller decline in annual core earnings
July 17 (Reuters) - PepsiCo (PEP.O), opens new tab said on Thursday that it was expecting a smaller drop in annual core profit, helped by a rebound in demand for its energy drinks and healthier soda brands in the United States as well as benefits from favorable foreign exchange rates. PepsiCo shares were up 1.2% in premarket trading after the company reported a surprise rise in second-quarter revenue. The stock is down about 11% this year. The company now expects full-year core earnings per share to fall 1.5%, compared with a 3% decline expected previously. "Our core USD EPS outlook has improved versus our previous expectations as foreign exchange headwinds have moderated, due to the weakening of the U.S. dollar," CEO Ramon Laguarta said in a statement, adding that North America business improved in key categories and channels. PepsiCo, like rival Coca-Cola, has responded to a shift towards healthier snacking from consumers by offering options such as its recently acquired prebiotic soda brand Poppi and new flavors under popular brands such as Lay's and Doritos. While higher prices over the past few years have helped shield the company's margins, PepsiCo is also trying to offer more products are lower price points to appeal to cost-conscious consumers. The company's second-quarter revenue rose about 1% to $22.73 billion, compared with analysts' average estimate of a 0.99% decline to $22.28 billion, according to data compiled by LSEG.
