PepsiCo Inc.
Outgoing Starbucks CEO Howard Schultz says he won’t return for a fourth stint
Outgoing Starbucks CEO Howard Schultz says that he’ll never return to the top job after the coffee giant announced a new succession plan last week. “I’m never coming back again, because we found the right person,” he said Wednesday on CNBC’s “Squawk Box.” Laxman Narasimhan, who is currently CEO of Lysol owner Reckitt, will join […]
Read More
4 takeaways from the Investing Club’s ‘Morning Meeting’ on Tuesday
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments: Oscillator says market still oversold Our trades on DVN and CRM Quick mentions: HON and LLY Watching these bullpen stocks 1. Oscillator says market still oversold Stocks were in the […]
Read More
Starbucks CEO transition plan gets muted reaction from Wall Street
“As we create more premium beverages, it becomes more difficult for customers to replicate it at home and we think that helps with the concept of trade down,” Starbucks CFO Rachel Ruggeri told CNBC’s “Squawk Box” on Aug. 3. Gary Hershorn / Contributor / Getty Images Wall Street’s reaction to Starbucks’ new CEO was muted […]
Read More
Shares generating the major moves premarket: Lululemon, Broadcom, Starbucks and extra
In this post PD BBBY SBUX LULU AVGO SHEL-GB watch now Video1:2901:29 News Update – Pre-Marketplaces Information Briefing Test out the firms producing headlines in advance of the bell: Lululemon (LULU) – Lululemon rallied 9.5% in the premarket after reporting superior-than-predicted quarterly outcomes and issuing an upbeat outlook. The athletic apparel and leisurewear maker reported […]
Read More
Starbucks names Laxman Narasimhan as new CEO, starting in April
Starbucks on Thursday named Laxman Narasimhan as its next chief executive officer. Narasimhan most recently served as CEO of health and hygiene company Reckitt, which owns brands such as Lysol, Durex and Mucinex. He announced earlier Thursday he was stepping down from that role. He’ll join Starbucks in October, learning about the company and its […]
Read More
Gatorade adds caffeine to its lineup with energy drink Fast Twitch
Fast Twitch, from the makers of Gatorade Source: PepsiCo Gatorade is entering the energy drink category with a caffeinated spin-off called Fast Twitch. It represents yet another example of beverage companies blurring the lines between drink categories, seeking to leverage existing brand loyalty while entering fast-growing categories. Gatorade’s parent company, PepsiCo, has already expanded Mountain […]
Read More
Cramer’s lightning round: Uranium Energy is too hot for me right now
PepsiCo: “PepsiCo is in the [CNBC Investing Club bullpen]. We think a lot of it. I just wish the stock would come down. It doesn’t seem to want to come down at all, but it is well run and terrific.” Kelly Services: “Very well-run company. Right now, with people just feeling it’s easy to get […]
Read More
Drained of spending much more for considerably less, shoppers consider to TikTok to contact out firms for ‘shrinkflation’
Hunter Jarratt was a regular buyer of Quaker’s apple oats bars — until he realized the sizing of his favorite snack has decreased in size, even nevertheless the packaging looks the very same. Hunter Jarratt Hunter Jarratt was a recurrent consumer of Quaker’s apple oats bars — till he realized the dimensions of his favourite […]
Read More
Beyond Meat cuts revenue outlook, says it’s trimming workforce
Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, June 5, 2019. Mike Blake | Reuters Beyond Meat on Thursday lowered its revenue forecast for 2022 and announced it will trim its workforce by 4%, citing broader economic uncertainty. The El Segundo, California-based company […]
Read More
PepsiCo takes $550 million stake in energy drink maker Celsius
Celsius Energy Drinks Courtesy: Celsius Holdings PepsiCo announced Monday a $550 million investment in energy drink maker Celsius Holdings as part of a long-term distribution deal with the smaller company. Shares of Celsius rose 8% in morning trading on the news, bringing its market value to $6.7 billion. Celsius is expecting to gain more shelf […]
Read More