Coronavirus - Drinks

Carlsberg Expects Profit To Fall 10%-15% As Lockdowns Impact Sales

Carlsberg expects organic operating profit to decline 10%-15% this year, as lockdowns continue to impact sales in the second half of the year in its key ma...

Coca-Cola HBC Sees Signs Of Recovery After First-Half Profits Slide

Soft drinks bottler Coca-Cola HBC AG posted a drop in first-half profit due to the coronavirus-led closures of restaurants, cinemas and other public p...

A.G. Barr Expects Annual Revenue To Slip Up To 15%

A.G. Barr plc, best known for Scottish fizzy drink Irn-Bru, said that it expects revenue to fall by up to 15% this year, while reporting a recovery in its...

Pernod Ricard Increases Outlook Following More Resilient Supermarket Sales

French spirits maker Pernod Ricard has said that the coronavirus pandemic is not expected to hit its full year profit as strongly as initially feared, citi...

Heineken's First-Half Revenue Hit By COVID-19 Lockdowns

Heineken's first-half net revenue fell 16.4% as the impact of COVID-related lockdowns intensified in the second quarter, the brewer said in a statement, se...

Diageo Launches $100 Million Recovery Fund For Pubs & Bars

Drinks company Diageo has announced the launch of a new programme to support pubs and bars around the world in their efforts to re-open after the easing of...

Carlsberg Sees Worse To Come As Lockdown Hits Beer Sales

Brewer Carlsberg has warned that worse is still to come after a 7% decline in first quarter sales, as increased beer sales in supermarkets failed to balanc...

Rémy Cointreau Expects Significant Profit Decline

French drinks group Rémy Cointreau is expecting total operating profit to fall between 25% and 30% in its 2019/2020 fiscal year, due to the impact o...

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