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Soda is making a comeback
  + stars: | 2024-11-01 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +8 min
Cans of Dr Pepper soda are displayed on June 3, 2024 in San Anselmo, California. While consumers are drinking more Coke, Coke Zero, Dr Pepper and Canada Dry, Pepsi’s soda sales are struggling. ‘Diet Coke Break’“Dirty soda,” a popular TikTok trend that combines soda with syrup and cream, has also driven interest in soda brands among younger consumers interested in creating their own soda concoctions. TikTok has also recently become filled with “Dirty Diet Coke,” “Crispy Diet Coke” and “DietCokeBreak” recipe videos where people leave cans of Diet Coke in the fridge for weeks and then pour them into a glass, sometimes with citrus powder, to get the most fizziness. Singer Dua Lipa gave Coke its latest viral hit this month when she posted a video sharing her Diet Coke recipe, which combines Diet Coke, pickle juice and jalapeño sauce.
Persons: guzzling Coke, Dr Pepper, It’s, , Robert Ottenstein, “ There’s, Coke, Pepper, Justin Sullivan, ” Timothy Cofer, Duane Stanford, Noam Galai, Laura Schmidt, Pepper’s, Cofer, Angus Mordant, Singer Dua Lipa, Gordon Ramsay, ” Kristen Hollingshaus, , Diet Coke, CNN’s Ramishah Maruf Organizations: New, New York CNN, Consumers, Heineken, ISI, Centers for Disease Control, Evercore ISI, World Health Organization, Bureau of Labor Statistics, Companies, Pepsi, Beverage Digest, New York, Wine, Food Festival, Stanford, University of California, PepsiCo Inc, Bloomberg, Getty, PepsiCo, Gatorade, Netflix, Dirty, Singer Dua, Coke, CNN, Diet Locations: New York, San Anselmo , California, America, Canada, Latham , New York, United States, TikTok
Nearly 70 S & P 500 companies are slated to report earnings this week. Of the roughly 52 S & P 500 companies that have reported, just 69% have beaten earnings expectations, according to FactSet. What history shows: Bespoke Investment Group data shows United beats earnings expectations 70% of the time. What history shows: Bespoke data shows Netflix exceeds earnings estimates 81% of the time. What history shows: Bespoke data shows Alaska Air tops bottom-line estimate 72% of the time.
Persons: Buckle, Leslie Josephs, Max, Procter & Gamble, Robert Ottenstein, Procter, headwinds, Trian's Nelson Peltz, , Alan Gould, Jordan Novet, Tesla, TSLA, Elon Musk, Elon, Jefferies, Philippe Houchois, INTC, Timothy Arcuri Organizations: Netflix, Intel, Investors, CNBC, Monday United Airlines, Boeing, Max, Alaska Airlines, FAA, Procter &, Procter, Gamble, HBO, IBM, ISI, Alaska Air Group, Alaska Air, Nvidia, AMD, UBS Locations: Alaska, U.S, China, Europe
Beverage analysts don't see a threat to diet soda makers from the World Health Organization's recent warning on artificial sweetener aspartame. But giants in the beverage industry that use aspartame, including Coca-Cola and Pepsi , are so far unfazed. Because the WHO didn't change the consumption limit on aspartame products, the new findings aren't likely to threaten soft drink makers, according to Citi analyst Filippo Falorni. For example, the WHO's says an adult weighing around 154 pounds should drink no more than 14 cans of diet soda each day to avoid health concerns. KO PEP YTD mountain Both soda stocks have been little fazed by the World Health Organization's recent concerns over aspartame.
Persons: Filippo Falorni, Falorni, we've, Robert Ottenstein Organizations: Beverage, Health, United Nations, U.S . Food, Drug Administration, Pepsi, Cola, WHO, Citi, World Health, Evercore ISI, Coke Locations: U.S
Tuesday Johnson & Johnson is set to report earnings before the open, followed by a call with management at 8:30 a.m. Goldman Sachs is set to report earnings before the open, followed by a call at 9:30 a.m. What history shows: Bespoke data shows Goldman tops earnings expectations 86% of the time. Netflix is set to report earnings after the bell, followed by a call with management at 6 p.m. Friday Procter & Gamble is set to report earnings before the open, with a conference call also slated for 8:30 a.m.
A big shift in consumer demand is coming as global population growth slows, and that means companies need to respond with more active approaches to generate outperformance, according to Evercore ISI. Historically, booming population growth, globalization and industrialization have supported economic growth, Julian Emanuel, the firm's senior managing director, wrote in an April 5 note. "Companies with higher value-added services and better quality will likely better capture market share than those relying solely on volume growth." "Consumer companies that focus on 'trade-up' categories and premiumization could benefit as middle-income discretionary spend continues to rise," Emanuel said. Meanwhile, McDonald's top six markets — including the U.S., U.K. and France — are all experiencing slowing population growth.
How Budweiser Tackled a Beer-Free World Cup
  + stars: | 2023-02-09 | by ( Katie Deighton | ) www.wsj.com   time to read: +9 min
In the end, the brewer found a way to navigate the World Cup beer-free and roll with the media attention that the alcohol ban generated. Soccer’s 2022 FIFA World Cup in Qatar ran from Nov. 20 to Dec. 18. World Cup sponsors Kia and Adidas similarly maintained their reputational scores, according to the Morning Consult data. Budweiser doesn’t pay a reported $75 million for the official beer sponsorship of the World Cup just to serve beer at stadiums. But the ban on alcoholic Budweiser undermined the impetus for being at the World Cup, Mr. Marcondes said.
Keurig Dr Pepper Inc. hired a new executive to lead its finances after it promoted its former chief financial officer to the role of chief executive. In his new role, Mr. Priyadarshi will oversee Keurig Dr Pepper’s finance and information technology divisions. Keurig Dr Pepper is scheduled to report quarterly results on Thursday. Keurig Dr Pepper has said that acquisitions are a top priority for capital allocation. Keurig Dr Pepper Monday said Mr. Priyadarshi wasn’t available for an interview and declined to comment beyond its release.
Markets are being hit with a double whammy this morning: multi-year high in Treasury yields, and earnings. Earnings and revenues were higher than expected. Spending was strong (consumer and commercial-billed business growing 22% and 20% year-over-year), new card growth (3.3 million) was good. But AmEx set aside $778 million for potential future losses, nearly $200 million higher than expected. Robert Ottenstein at Evercore ISI said in a note, commenting late last night on very strong earnings from French spirits maker Pernod Ricard.
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