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Top related persons:
Dr Pepper - 1 Annett Mary Manoj - 1 Ananya Mariam Rajesh - 1 Sriraj Kalluvila - 1 Danone's - 1 Emmanuel Faber - 1 David Samra - 1 Samra - 1
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4 mentions found


☆ Keurig Dr Pepper Tops Estimates on Price Hikes but Coffee Business a Drag
  + stars: | 2023-10-26 | by ( Oct. | At A.M. | ) www.usnews.com   time to read: +1 min
(Reuters) - Keurig Dr Pepper beat Wall Street estimates for third-quarter sales on Thursday, as higher prices and steady demand for its sodas and drinks helped limit the hit from a slowing coffee business. Keurig Dr Pepper has also largely withstood a trade-down to private label and has not witnessed a decline in demand from the price hikes. Net sales for the third quarter increased 5.1% to $3.81 billion, beating estimates of $3.77 billion, according to LSEG data. However, the U.S. coffee segment remained under pressure, with net sales falling 3.2% to $1.01 billion. Keurig Dr Pepper, however, reaffirmed its fiscal 2023 adjusted earnings per share to rise 6% to 7% and net sales to grow 5% to 6%.
Persons: Dr Pepper, Annett Mary Manoj, Ananya Mariam Rajesh, Sriraj Kalluvila Organizations: Reuters, Wall, Schweppes, Cola, PepsiCo Locations: Ukraine, U.S, Bengaluru
☆ Activist investors target food, consumer goods companies
  + stars: | 2023-09-11 | by ( Richa Naidu | Thomson Reuters | London-Based Reporter Covering Retail | ) www.reuters.com   time to read: +8 min
Reuters GraphicsReuters spoke to four shareholders that have launched activist campaigns who said that some big consumer goods companies are ripe for executive changes after failing to impress. Reuters GraphicsMany large consumer goods companies generally hold low levels of debt and are cash generative, said André Medeiros, managing director and Alvarez & Marsal's EMEA consumer and retail leader. 'ADVOCATING FOR MANAGEMENT CHANGE'Gianluca Ferrari, founding partner of investor Clearway Capital, said his firm had some consumer companies on its radar but declined to name them. He did not identify specific executives nor disclose the nature of his work with consumer companies. In October, Reuters reported that Peltz had approached former CEOs of consumer goods companies as candidates for the Unilever top job.
Persons: Danone's, Emmanuel Faber, David Samra, Samra, Alvarez, Marsal, André Medeiros, Nelson Peltz, Artisan's Samra, We're, Peltz, Heinz, Gianluca Ferrari, Ferrari, Clearway, Glanbia, Faber, Bluebell, Nicolas Ceron, Ceron, underperformance, Kraft Heinz, KHC.O, Andrew Hayes, Russell Reynolds, John Long, Korn, Long, Alan Jope departure's, Unilever's, Graeme Pitkethly, Hein Schumacher, Heinz's, Bill Johnson, Nelson, Richa Naidu, Matt Scuffham, Daniel Flynn Organizations: Artisan Partners, Reuters, Danone, Evian, Unilever, Consumer Products, Reuters Graphics Reuters, Reuters Graphics, Marsal's EMEA, Billionaire, Artisan, Cadbury Schweppes, Heinz, Trian, Bluebell Capital, shareholders, Bluebell, Diageo, Russell Reynolds Associates, Thomson Locations: York, H.J, Frankfurt, Western Europe, North America
☆ Tonic maker Fevertree to raise prices as glass costs soar
  + stars: | 2023-03-22 | by ( Radhika Anilkumar | ) www.reuters.com   time to read: +2 min
Fevertree, which sells most of its upmarket mixers in glass bottles, warned in January its profits this year would be hit by an estimated 20 million pound ($25 million) increase in glass production costs. The London-based company, which supplies to about 85 countries, did not say by how much it would raise prices, nor give details of its U.S. production plans. Fevertree, founded in 2003, said it was working with glass suppliers to mitigate costs wherever possible. Coca-Cola HBC AG (CCH.L), one of Coca-Cola's many bottlers worldwide, said in February it would also increase prices to tackle rising costs. Fevertree reported a 37% fall in adjusted core profit to 39.7 million pounds for the year ended Dec. 31, in line with its guidance.
☆ The soda market is flat, but not for Dr Pepper
  + stars: | 2022-12-28 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +8 min
And recently, Dr Pepper has been gaining ground on its competitors, even as the overall soda market goes flat. “One of the bright spots … has been Dr Pepper.”Founded in 1885 in Waco, Texas, Dr Pepper was the first in a wave of 19th-century upstart soda companies. Courtesy Keurig Dr PepperToday, Dr Pepper advertises itself as a treat, using a pint-sized mascot called Lil’ Sweet in its commercials. After Dr Pepper established itself as an alternative to mainstream colas, it launched on a path that ultimately made it part of the country’s third-largest soft drink maker, Keurig Dr Pepper. Dr Pepper hits the sceneDuring the wave of mega-mergers in the 1980s, Coca-Cola tried to scoop up Dr Pepper.
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