Food and drink
Constellation Brands reiterates lower full-year guidance
Modelo beer is displayed on a shelf at a Safeway store on Oct. 6, 2025 in San Anselmo, California. Justin Sullivan | Getty Images Modelo owner Constellation Brands beat on the top and bottom lines in its fiscal second-quarter earnings report on Monday and reiterated its lowered full-year guidance due to macroeconomic headwinds. Shares of […]
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Amazon launches ‘price-conscious’ grocery brand with most products under $5
Amazon on Wednesday expanded its private-label grocery lineup with the launch of a new brand aimed at “price-conscious” shoppers, with most products priced under $5. The brand is called Amazon Grocery and includes more than 1,000 items, ranging from dairy, fresh produce, meat and seafood to snacks and baking essentials, the company said in a […]
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Jennifer Garner’s baby food company Once Upon a Farm files for IPO on NYSE
Key Points Once Upon a Farm, the baby food company co-founded by actor Jennifer Garner, filed for IPO under the ticker “OFRM” on the NYSE. Goldman Sachs and J.P. Morgan are acting as joint lead underwriters. The Berkeley-based company increased its six-month revenue as of Jun. 30 by 66% according to its IPO filing. Source
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From PepsiCo to Taco Bell, dirty soda is taking over
Utah-based drink chain Swig coined “dirty soda” back in 2010. Fifteen years later, the trend is fueling innovation everywhere from PepsiCo to McDonald’s, infusing the sluggish beverage category with new life. “Dirty soda” drinks use pop as a base, followed by flavored syrups, cream or other ingredients. While Swig claims credit — and the trademark […]
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Michelob Ultra overtakes Modelo Especial as best-selling beer in the U.S.
Packages of Michelob Ultra are displayed at a BevMo store on December 16, 2024 in Larkspur, California. Justin Sullivan | Getty Images Michelob Ultra has overtaken Constellation Brands‘ Modelo Especial as the best-selling beer in the United States. Michelob Ultra claimed the top spot as the best-selling beer in retail channels in the 52 weeks […]
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How robotic beehives use AI to protect bees from climate change
Bees are critical for ensuring an abundant food supply year-round, but the bee population is in big trouble. More than one-third of the crops we eat are pollinated by bees, but 40% of bee colonies are collapsing each year, California-based Beewise said. One reason is climate change – specifically, stronger hurricanes, more frequent fires and the use of […]
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Deliveroo founder Will Shu to step down as CEO after DoorDash takeover
Deliveroo CEO Will Shu. Aurelien Morissard | IP3 | Getty Images LONDON — Deliveroo CEO Will Shu is set to step down from the food delivery company he co-founded over a decade ago. Shu, who established Deliveroo in 2013 with childhood friend Greg Orlowski, said Thursday that he will step down as CEO after its […]
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Cracker Barrel stock falls as company reports mixed earnings after rebrand controversy
In an aerial view, a Cracker Barrel sign hangs on a sign outside of a restaurant in Florida City, Florida, on Aug. 27, 2025. Joe Raedle | Getty Images Cracker Barrel Old Country Store said Wednesday that the restaurant chain is focusing on enhancing its experiences for guests after it faced intense backlash over an […]
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In 1991, he moved to the U.S. and delivered pizza for $4.25 an hour. Now, he owns over 270 pizza restaurants
Nadeem Bajwa, 58, is the co-founder and CEO of Bajco Group. Courtesy of Nadeem Bajwa In 1991, Nadeem Bajwa immigrated to the United States from Pakistan. While attending college in Indiana, he worked a few jobs, including delivering pizza for restaurant chain Papa John’s, where he made $4.25 an hour. Today, the 58-year-old has a […]
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A world on weight loss drugs: How GLP-1s are reshaping the economy
Eternalcreative | Istock | Getty Images Miracle drugs, obesity treatments and skinny jabs. Call them what you will, few drugs have had a more transformative effect on Wall Street and waistlines over recent decades than GLP-1s. Familiarly known under the brand names Wegovy and Zepbound, Glucagon-like peptide-1 (GLP-1) receptor agonists are a class of medication used to […]
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