PepsiCo

Coca-Cola Raises Annual Sales And Profit Forecast On Steady Demand

Coca-Cola raised its annual organic sales and profit forecast on Tuesday, signalling strong demand for the company’s products.

PepsiCo missed expectations for second-quarter revenue on Thursday as it faced weak demand for its snacks and sodas, mainly in the US.

Carlsberg has agreed to buy British soft drinks maker Britvic in a deal worth £3.3 billion in a bid to create a UK beverage company.

Carlsberg said on Monday that PepsiCo has agreed to waive a clause in its bottling deal with Britvic to make acquisition more attractive.

Supermarket group Ahold Delhaize beat its first-quarter profit margins on Wednesday, helped by European performance.

Kraft Heinz missed Wall Street expectations for first-quarter sales as consumers pushed back on price hikes, it was reported on Wednesday.

Cadbury parent company Mondelēz International beat market expectations for first-quarter sales and profit on Tuesday.

Coca-Cola today raised its annual organic sales forecast, signalling strong global demand for the brand’s popular drinks.

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