Beverages

Constellation Brands Trims Annual Sales Forecast

Constellation Brands cut its annual sales forecast as persistently sticky inflation dents consumer spending on beers, wines and spirits.

Q-Commerce Shoppers Opt For Smaller Basket Sizes, Notes DIA

Quick commerce shoppers in Spain purchase baskets of smaller volume and value but shop on a weekly basis, an analysis showed.

Nestlé To Boost Marketing, Cut Costs By $2.8bn Under CEO Freixe

Nestlé will boost advertising and marketing, trim costs by at least $2.8 billion by 2027 and carve out its water and premium drinks businesses into...

European Consumers Spend €888bn On Food And Drink

Europeans spent €888 billion on food and beverages in the past year, with 37% of that dedicated to 'immediate consumption' options across both retail...

Brazilian Brewer Ambev Profit Slides 11% On Higher Tax Provisions

Brazilian brewer Ambev reported an 11% drop in third-quarter net profit on Thursday, hurt by higher tax provisions in its home market, pushing its shares d...

Coca-Cola HBC Revenue Growth Up By 13.9% In Q3

Coca-Cola third quarter results, published today, show another quarter of strong organic revenue growth for the drinks giant.

Brewer AB InBev Softens Q3 Miss With Share Buyback, Guidance Raise

Anheuser-Busch InBev on Thursday reported third quarter profits, revenues and volumes all well behind forecasts, as the top brewer sold less beer in key ma...

Kerry Group Reiterates Full-Year Guidance Following Volume, Margin Growth

Kerry Group has reiterated its full-year earnings per share guidance following continued growth in volume and margin in the first nine months of its financ...