Food and drink
Bird flu resurgence drives up egg rates, spurring some to inventory up
Unstamped brown eggs. Image Alliance | Image Alliance | Getty Photos Fowl flu fears are driving up egg costs all over again. Following getting subsided for most of 2023, a latest resurgence of avian influenza in poultry services across the U.S., Japan and other nations have brought on selling prices of eggs to jump all […]
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PepsiCo earnings beat estimates but product recalls, weaker lower-income consumer hurt U.S. sales
PepsiCo on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations, despite weaker U.S. demand caused by Quaker Oats recalls and backlash to higher prices for its drinks and snacks. Shares of the company were down less than 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on […]
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Significant world meals rates could eventually see a bottom in 2024, says Oxford Economics
A food stuff shopper lookups for veggies July 1, 2023 at the Hannaford grocery store in South Burlington, Vermont. Robert Nickelsberg | Getty Photographs Climbing food stuff prices about the planet may lastly be seeing a base this calendar year. According to Oxford Economics, international food items costs are envisioned to decline in 2024, supplying […]
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Boulder, a natural food haven, fosters a new generation of wellness entrepreneurs
Boulder is the No. 2 U.S. city for quality of life, according to U.S. News and World Report. Denistangneyjr | E+ | Getty Images This story is part of CNBC’s quarterly Cities of Success series, which explores cities that have transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and employees. […]
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Denver and its craft breweries embrace nonalcoholic beer, spirits
Denver Beer Co. Courtesy: Denver Beer Co. This story is part of CNBC’s new quarterly Cities of Success series, which explores cities that have been transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and workers. Alcohol-free beverage options have skyrocketed over the past few years, and that trend has especially […]
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Gatorade enters new categories — even unflavored water — as competition to hydrate consumers ramps up
As Gatorade approaches its 60th birthday, the brand is staying spry, branching out into new categories from unflavored water to energy drink mixes. Since its founding in 1965, Gatorade has been the dominant sports drink. It accounted for 63.5% of the U.S. sports drink market in 2023, according to Euromonitor International data. Owner PepsiCo’s archrival […]
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Desire for french fries displays resilient consumer as so-called fry attachment level holds continuous
A McDonald’s crew member prepares french fries in Miami, Florida. Getty Photos It can be a timeless question at rapidly-food items counters: Do you want fries with that? Responders go on answering affirmatively at a bigger-than-average price, a prime potato supplier indicated. It underscores the resilience of consumer expending, even as inflation pinches pocketbooks and […]
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McDonald's will purchase all 225 eating places from Israel franchise adhering to professional-Palestinian boycott fallout
Jeff Greenberg | Universal Images Team | Getty Visuals McDonald’s signed a offer to buy all 225 of the places to eat that comprise its Israel franchise, the American fast-foods chain introduced, pursuing months of considerably decreased product sales due to professional-Palestinian boycott motion amid the Israel-Hamas war. The restaurant outlets in Israel have been […]
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Danone CEO downplays threat of weight loss drugs on food producers: 'We see ourselves as extremely complementary'
Pots of Activia yoghurt, manufactured by Danone SA, sit on display. Bloomberg | Getty Images The CEO of French consumer goods giant Danone downplayed the threat of obesity drugs on its food business, arguing that consumers were likely to turn to healthy products as part of their new weight loss regime. Antoine de Saint-Affrique said […]
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Unilever to split off its ice product unit together with Ben & Jerry’s
Ben & Jerry’s ice product on May perhaps 24, 2022. Nurphoto | Nurphoto | Getty Photos Shares of purchaser merchandise giant Unilever popped on Tuesday following the corporation announced strategies to different its ice product unit, which includes Ben & Jerry’s and Magnum, as section of a restructuring that will affect 7,500 positions. “The proposed […]
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