Coca-Cola and PepsiCo have gotten in on the early stages of a Silicon Valley startup looking to revolutionize the collection of used plastic and aluminum beverage packages at a time when US recycling rates remain persistently low. Coca-Cola highlighted its partnership with Santa Clara, California-based...
Sees Chance to Elevate C-Store Java with Espresso and Technology
November 30, 2023
US Retail Stores Provide Consumer Experience to Seed Brand, Leader Says.
In Atlanta’s trendy and redeveloping historic West End neighborhood, the location for Coca-Cola’s newest Costa Coffee retail shop speaks to the brand’s aspiration. The cafe is a short walk from the Atlanta Beltline, a multi-use trail and revitalization project that attracts droves of active young Atlantans for everything from jogging and dog walking to brewpub hopping. These are the kinds of people that seek premium-priced coffee and have the means to pay for it. The new Costa store, a few miles from...
Retail sales volume for major US non-carbonated beverage categories tracked by BD have all fallen during the first nine months of this year. As shown in the table, ready-to-drink tea posted...
Olyns Cube Ready to Scale as Coke, Pepsi Get in Early
November 30, 2023
Coca-Cola and PepsiCo have gotten in on the early stages of a Silicon Valley startup looking to revolutionize the collection of used plastic and aluminum beverage packages at a time when US recycling rates remain persistently low. Coca-Cola highlighted its partnership with Santa Clara, California-based...
Coca-Cola Gets ‘Hold’ Rating Even as Fundamentals ‘Strong’
November 20, 2023
Equity Analyst Kaumil Gajrawala, who joined Jefferies this year after leaving Credit Suisse, initiated his coverage of beverage stocks last week. His recommended buys included...
Slight Deceleration During 3Q for Pricing, Dollar Growth.
November 20, 2023
The US carbonated soft drink category at retail grew dollar sales by +11.2% for the first nine of months of this year, helped by pricing that jumped +14.8%, according to...
Some Channel Shifting Seen for Pressured Consumers
November 2, 2023
Last week, Coca-Cola and Keurig Dr Pepper joined PepsiCo in reassuring investors that — for now at least — US consumers are still willing to spend on packaged refreshment beverages. More importantly, executives at the companies insisted they know how to adjust if consumers get skittish. Coca-Cola reported third-quarter earnings on Oct. 24, followed by Keurig Dr Pepper on Oct. 26. PepsiCo had already reported its third quarter on...
First 100 Days Crucial to Fast Start, Executives Say
November 2, 2023
Coca-Cola’s North America Operating Unit hosted executives from its franchised bottling system in Houston recently to discuss market plans for 2024. The theme for the meeting was, “Go for Gold! Olympian Performance.” That’s a nod to the company’s long-time sponsorship of the Olympic Games, which will be hosted next year in Paris and serve as the backdrop for a major summer marketing push. Next year...
Keurig Dr Pepper has agreed to distribute the fast-growing sports drink brand Electrolit starting in 2024, the companies announced last week. The long-term deal with Mexico-based Grupo Pisa gives KDP significant access to the $11 billion U.S. sports drink category, from which the soft drink and coffee purveyor has been largely absent since losing distribution of...