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...The EU had now found against Mondelez and would issue a fine and an order for the company to end any anti-competitive practices, the people said....
...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....
...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...
...folk are pretty passionate about food and beverage as a whole, so it just makes sense.”...
...) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more....
...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....
...Consumers purchased fewer of Pepsi’s beverages and snacks in 2023, with volumes declining 1 per cent and 2 per cent, respectively....
...The group acquired the UK maker of Nakd and Trek bars in 2015 as part of a push into healthier snacks....
...Shares in other food and beverage companies — including Pepsi, Coca-Cola, Mondelez International and McDonald’s — are down about half that over the same period. Valuations have slimmed down too....
...A shrinkflation report published in December by Casey’s office pointed to Bureau of Labor Statistics figures showing snacks, candy and chewing gum, and ice cream were among the food categories most affected...
...We’re nearly six years into the snack war between Morrisons and HMRC....
...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....
...Last week the US drinks and snacks maker insisted that it had not been pulled from the shelves of France’s Carrefour, which a few days earlier had banned PepsiCo for demanding “unacceptable” price increases...
...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...
...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...
...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...
...s beverages business and the consumer division of its chemicals company....
...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....
...Speakers include party leader Sir Keir Starmer, shadow chancellor Rachel Reeves and shadow business secretary Jonathan Reynolds....
...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....
...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...
...Steve Reed, shadow environment secretary, said that if Labour won the election expected this year, it would “cut through the Tory bureaucracy that has blocked farmers from receiving funding”....
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