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Probe finds snack maker tried to prevent products moving between countries so consumers could get lower prices
...The market for healthy food and drinks products has grown significantly in recent years, as health-conscious consumers seek alternatives to high-sugar snacks and fizzy drinks....
...Consumers purchased fewer of Pepsi’s beverages and snacks in 2023, with volumes declining 1 per cent and 2 per cent, respectively....
...“Our bar-snack programme, like our cocktails, is fun and full of surprise,” says Dai....
...US snack makers need to do more than whip up tasty top-line growth to satisfy investors....
...Analysts at Morgan Stanley said snack food manufacturers such as Hershey’s, Cadbury-maker Mondelez and Twinkies-maker Hostess were more likely to see negative impacts, increasing the pressure on them to...
...On Tuesday, snacks and drinks group Pepsi reported solid earnings and raised its annual guidance. It simultaneously dismissed concerns that consumers are becoming less hungry....
...The US snack and pet food company, which says its carbon footprint is equivalent to a country the size of Finland, has set a more ambitious target to halve its emissions by 2030....
...Snacks and drinks seller PepsiCo beat earnings expectations in the first quarter on stronger international sales, but revenue growth still slowed as North American consumers remain sensitive to higher prices...
...PepsiCo’s chief financial officer said the global “consumer picture” was strong despite soft sales in the US, as strong wage growth and low unemployment kept the snacks and beverage seller optimistic....
...“Growth in frozen food was negative, reflecting soft consumer demand for the category and intense price competition, particularly in frozen pizza and snacks, as well as the winding down of the frozen meals...
...Hostess Brands is best known for gut-busting snack cakes such as Twinkies and Ho Hos. The spongy cakes are popular fare at gas stations and corner shops in the US....
...Volume sales for snacks and beverages fell 3 per cent and 2 per cent, respectively, in the final quarter of 2023 from a year earlier. Net revenue fell 0.5 per cent to $27.8bn....
...For example, the group will not look to enter the fizzy drinks market, which is dominated by PepsiCo and Coca-Cola, or the crisps and processed snacks market....
...The group acquired the UK maker of Nakd and Trek bars in 2015 as part of a push into healthier snacks....
...US President Joe Biden criticised companies over “price gouging” and downsizing of their products in his State of the Union address, saying that “snack companies think you won’t notice when they charge you...
...We’re nearly six years into the snack war between Morrisons and HMRC....
...PepsiCo: The beverage and snack producer will report its latest quarterly results before Wall Street’s opening bell, with analysts expecting a slight uptick in revenue and a boost to earnings as consumers...
...If customers are buying increasing volumes of snacks, why not use the current dispute to snare a share — gaining a reputation as the consumer’s champion along the way?...
...Meanwhile, Hershey’s efforts in mergers and acquisitions have eschewed sweets altogether, aiming instead for salty snacks such as Dot’s Pretzels and Pirate’s Booty, which makes healthier savoury snacks for...
...Both Campbell’s and Smucker’s have made big acquisitions (Rao’s pasta sauce and Hostess snacks, respectively) that investors didn’t seem to like....
...There are also signs the Labour party might raise objections to the RedBird IMI takeover after Thangam Debbonaire, the shadow culture secretary, told the Spectator magazine, which is part of the Telegraph...
...The snacks and beverages company now expects constant currency earnings per share to increase 13 per cent for the fiscal year, up from previous guidance of 12 per cent....
...Yet the reformulation failed to prevent a further dip in sales and the drinks-and-snacks company reintroduced the sweetener a year later....
...The cafe’s wellness theme extends to the menu, which features a selection of protein beverages, light snacks and vegan sweets....
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