Food and drink
Molson Coors looks to lock in market share gains as consumers shift away from Bud Light
A Miller Lite and a Coors Light is displayed in Chicago on Oct. 9, 2007. Scott Olson | Getty Images Brewer Molson Coors said on Tuesday that it expects to maintain its market share gains in the year ahead. The company, which makes Coors Light and Miller Lite, reported strong fourth-quarter earnings Tuesday as net […]
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Coca-Cola CEO says inflation is moderating in most markets after higher prices boost revenue
James Quincey, CEO of Coca-Cola Co., speaking on “Squawk Box” at the WEF in Davos, Switzerland, on Jan. 18, 2023. Adam Galica | CNBC Inflation is moderating in most markets, after a stretch in which the beverage maker relied on price hikes to drive higher revenue, Coca-Cola CEO James Quincey said Tuesday. Coke reported its […]
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Coca-Cola sales beat estimates, helped by higher prices
Bottles of Coca-Cola are displayed in San Anselmo, California, on April 24, 2023. Justin Sullivan | Getty Images Coca-Cola on Tuesday posted quarterly earnings that met expectations and sales that topped estimates, as higher pries helped the beverage maker overcome a volume decline in North America. Here’s what the company reported compared with what Wall […]
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Super Bowl live updates: Chiefs, 49ers, Usher and star-studded ads
A general view of Super Bowl signage displayed in the NFL Super Bowl Experience ahead of Super Bowl LVIII on February 06, 2024 in Las Vegas, Nevada. Jamie Squire | Getty Images Super Bowl 58 kicks off at 6:30 p.m. ET, but not everyone tuning in to the matchup between the AFC champs, the Kansas […]
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Trump's pro-Anheuser-Busch write-up arrived right after UFC manager Dana White urged him to again business, supply suggests
Republican presidential prospect and previous U.S. President Donald Trump attends a Nevada caucus night time bash at Treasure Island Resort & Casino in Las Vegas, Nevada, U.S. February 8, 2024. David Swanson | Reuters Former President Donald Trump wrote a social media put up previously in the 7 days inquiring his supporters to give Anheuser-Busch […]
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PepsiCo earnings top estimates, but quarterly revenue slides
Pepsi bottles are seen at the grocery store in Las Vegas, United States on November 17, 2023. Jakub Porzycki | Nurphoto | Getty Images PepsiCo on Friday reported mixed quarterly results as North American demand for its food and drinks weakened. Shares of the company fell more than 1% in premarket trading. Here’s what the […]
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Spirits sales beat out beer and wine for second straight year, despite little growth
Spirits on display at a bar in Cardiff, Wales, in the United Kingdom. Matthew Horwood | Getty Images News | Getty Images The spirits industry held its market share edge over beer and wine for the second straight year in 2023, even as it showed little growth, according to new data released Wednesday. U.S. spirits […]
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Starbucks olive oil-infused Oleato drinks to launch across the U.S.
Starbucks is launching its beverages called Oleato in all U.S. stores. Courtesy: Starbucks Starbucks is launching its olive oil-infused drinks in all U.S. stores beginning Tuesday, the company said. The beverages, named Oleato, debuted in Italy in February 2023 after former CEO Howard Schultz visited the country and noticed locals drinking olive oil daily. The […]
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Saudi Arabia's to start with alcoholic beverages retail outlet is a huge action, but also aims to tackle a longstanding trouble: Booze smuggling
Saudi Arabia’s very first alcohol retailer has opened in the diplomatic quarter of its cash Riyadh, accessible to non-Muslim diplomats. Even though it only influences a find group, it is a huge improve for the extremely conservative Muslim kingdom, exactly where alcoholic beverages has been banned because 1952 following a Saudi prince murdered a British […]
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Saudi Arabia opens its first-ever alcohol retail outlet — but it's only accessible to a pick out team
Spirits on display screen in a British isles bar in Cardiff, United Kingdom. Matthew Horwood | Getty Images Information | Getty Pictures Saudi Arabia has opened its first liquor retail store in the diplomatic quarter of its cash Riyadh, two sources explained to CNBC. The news, which has not been officially verified by the Saudi […]
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