Corona Beer Maker Tops Q2 Estimates, Acquires SpikedAde
Constellation Brands beat second-quarter estimates for profit and sales and said it has bought vodka-based RTD firm SpikedAde.
Beverage news
Fresh headlines across food, beverage, personal-care, home-care, retail and FMCG services, updated automatically and linked to the original publishers.
Sour power: C-stores begin to capitalize on the in-demand flavor profile
Sour food and beverage sales across all retail types jumped 10.8% in dollar terms over the past year, according to Circana.
AG Barr profits rise despite £10m summer supply chain hit
AG Barr has reported a rise in revenue ahead of the wider soft drinks market, despite supply disruption during the peak summer trading period. For the 26 weeks ending 1…
Gimber turns to profit thanks to cans and sharper focus
After a few difficult years, Gimber has returned to profitability. The Belgian ginger drink brand cut costs and expanded into export markets, while cans and new flavors are…
Fever-Tree Drinks' Half-Year Profit Rises On Favourable Weather
Britain's Fever-Tree Drinks posted a 9% rise in first-half adjusted core profit, after its UK business returned to growth.
Pernod Ricard posts declining full-year results, cites weak China demand
Global alcohol manufacturer Pernod Ricard reported a weak full-year performance, with net sales decreasing by 3.9 per cent to approximately £8.1bn. The company saw its net profit…
Beer giant Constellation Brands invests $100M in US farm profitability
The Modelo maker said the investment will help improve economic resiliency in key producing states, including Idaho, Montana and North Dakota.
Carlsberg can rely on soft drinks and non-alcoholic beverages
Carlsberg is raising its profit forecast despite a disappointing first half of the year. The Danish brewer is seeing synergies from the acquisition of soft drink maker Britvic…
Brewer Carlsberg Upbeat On Annual Profit Despite H1 Miss
Carlsberg forecast full-year profit towards the upper end of its previous guidance range even as it missed half-year estimates.
TWE reports sales slump in full-year results
Treasury Wine Estate’s (TWE) net sales revenue decreased by 12.8 per cent to approximately £1.3bn, due to reduced shipments across all divisions. The company’s gross profit went…
Haacht Brewery boosts profitability, yet remains in the red
Haacht Brewery has managed to significantly improve its operating profitability, but is still in the red overall. Revenue also declined. Nevertheless, the beer producer sees a…
67 Pall Mall Shanghai wants to boost the profile of Chinese wine
As the countdown begins to the December opening of London wine club 67 Pall Mall's Shanghai location, founder and CEO Grant Ashton tells Joyce Yip why he believes Shanghai, "the…