Food and drink
Danish brewer Carlsberg slightly misses on fourth-quarter sales, points to slower growth in 2025
MOSCOW, Russia – March 31, 2022: Bottled Carlsberg beer seen on a supermarket shelf. Russia on Monday seized control of the Russian subsidiaries of Danone and Carlsberg, both of which are in the process of selling their Russian operations. The Danish brewer is still represented in Russia by the brands Carlsberg, Kronenbourg, Holsten and Tuborg. […]
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PepsiCo earnings beat estimates, but demand for drinks and snacks drops in North America
Bottles of Pepsi soda are seen on display at a Target store on February 09, 2024 in the Flatbush neighborhood of Brooklyn borough New York City. Michael M. Santiago | Getty Images PepsiCo reported mixed quarterly results on Tuesday as demand for its snacks and drinks fell in North America for the fifth straight quarter. […]
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Spirits maker Diageo removes medium-term guidance on U.S. tariff uncertainty
Bottles of Diageo-owned Johnnie Walker Red Label whisky in a supermarket in Chelmsford, UK, on Tuesday, Jan. 28, 2025. Bloomberg | Getty Images Spirits maker Diageo said Tuesday that it is taking steps to deal with the potential impact of U.S. tariffs on key supply chain regions and has removed its medium-term guidance due to […]
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Ontario to remove U.S. alcohol from shelves after Trump’s tariffs announcement
Ontario Premier Doug Ford speaks during a campaign stop at Walker Construction in Niagara Falls, Ontario, Canada, January 31, 2025. Carlos Osorio | Reuters Ontario will pull all American alcohol from its government-run liquor shelves beginning Tuesday in response to U.S. President Donald Trump’s 25% tariffs on Canadian imports. Outlets of the Liquor Control Board […]
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The ‘Make America Healthy Again’ revolution has begun. Buy these food stocks to ride out the risk
Bye, bye Red No. 3. The Food and Drug Administration’s decision Wednesday to ban the cherry-red synthetic dye could be the first of many announcements that will send food manufacturers scrambling to revamp products in the months to come, adding pressure to stocks in an already beaten up sector. “Whether justified or not, we believe […]
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FTC sues PepsiCo, alleging price discrimination is raising costs for consumers
Cans of Pepsi are on display at a Target store in the Flatbush neighborhood of Brooklyn, New York City, on Feb. 9, 2024. Michael M. Santiago | Getty Images The Federal Trade Commission said Friday that it is suing PepsiCo for illegal price discrimination, alleging the food and beverage giant gave an unnamed retailer more […]
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FDA bans Red No. 3, artificial coloring used in beverages, candy and other foods
Red Dye # 3 can have deleterious health effects. The cherries are from a canned fruit cocktail sold at the Dollar TreeIsland Choice Diced Fruit Cocktail (cherries have red #3). Linnea Bullion | The Washington Post | Getty Images The Food and Drug Administration said Wednesday it’s banning the use of Red No. 3, a […]
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FDA proposes putting nutrition info on the front of food packages
Nutrition labels are seen on food packaging in Miami, Florida. Joe Raedle | Getty Images The Food and Drug Administration on Tuesday proposed a new rule for nutrition labels on packaged food and drinks that’s intended to help Americans make healthier choices at a glance. Under the new rule, which shoppers could see as early as 2028, […]
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Experts say high food prices are here to stay. Here’s why
Inflation has steadily cooled over the past two years, despite seeing a slight stall in October and November. Prices for items such as gasoline, used cars and energy have all declined accordingly. However, food prices continue to outpace inflation, increasing by 28% since 2019. More than 85% of consumers report feeling frustrated with rising grocery […]
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FDA raises recall alert to highest level on Costco eggs over risk of severe illness or death due to salmonella
Eggs are displayed for sale inside a Costco store in Hawthorne, California, on January 26, 2023. Patrick T. Fallon | AFP | Getty Images Federal food regulators raised their alarm for recalled eggs sold from Costco stores over possible salmonella exposure, reclassifying the targeted product to their highest risk level. The FDA had previously announced on Nov. 27 that about […]
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