Earnings Interview: CEO Quincey Updates on CBD, RTD Coffee, Monster Arbitration
February 15, 2019
There were no valentines exchanged between Coca-Cola and investors on Feb. 14 after the company offered a cautious full-year 2019 earnings forecast. Coke shares declined more than
In a Jan. 24 report, analysts at RBC Capital Markets compared the portfolios and social media data for Monster Beverage and Bang Energy. Bang gained attention from analysts last year as a potential threat to Monster’s core energy offerings (BD 10/26/18).
Coca-Cola has closed its $4.9 billion purchase of retail coffee café chain Costa … JAB Holding-owned Peet’s Coffee has acquired a majority stake in Revive Kombucha
During an investor update Thursday, Monster Beverages said it would launch a new performance energy drink called Reign Total Body Fuel in March with six flavors. The brand would compete with fast-growing Bang Energy Drink. A new Dragon Tea energy offering also is planned. Plus, Monster said arbitration over Coke’s plan to launch a Coke-branded energy drink overseas is “moving expeditiously” and that “we are in the process of amicably resolving this disagreement.” An update is expected in the second quarter, he added.
Farm Bill Legalizes Hemp. The newly-passed $867 billion U.S. Farm Bill, awaiting President Trump’s signature, includes a provision to legalize hemp nationally. This could make it easier for beverage companies to market products infused with CBD, a non-psychoactive ingredient derived from hemp...
Keurig Dr Pepper has agreed to acquire the sales and distribution rights of Swire 7Up Dr Pepper of Pasco, Washington, which covers territory in Franklin and Benton counties on the Columbia River; brands being moved also include A&W, Sunkist, Schweppes, Cactus Cooler soda, Deja Blue bottled water and Venom energy drink
BD held its annual Future Smarts conference on Dec. 7 in New York City. The program focused on the implications of massive changes this year to the North American non-alcoholic beverages landscape. New leaders have taken over all three of the largest soft drink makers -- Coca-Cola, PepsiCo and Keurig Dr Pepper -- since 2017. Acquisitions of Dr Pepper Snapple by Keurig Green Mountain, Costa Coffee by Coke and SodaStream by PepsiCo have all signaled a more aggressive approach to portfolio transformation. Meanwhile
Monster Beverage CEO Rodney Sacks has disclosed an arbitration case with the company’s chief distributor and equity partner Coca-Cola. At the center of the disagreement is a product Coke is developing under its flagship brand called Coca-Cola Energy. The drink will contain “caffeine from naturally-derived sources and guarana extract,” according to Coke. “It would be developed as a preferred option for people who want these types of ingredients in an energy drink.” The innovation would include a