Denver-based Molson Coors Brewing Co. says its net income fell 51 percent in the fourth quarter as it sold less beer and dealt with rising costs for taxes, ingredients and fuel. The Denver-based brewer reported Thursday that it earned $109.8 million, or 58 cents per share, for the quarter that ended Dec. 25. That’s down […]
Category: Beverage News
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PepsiCo 4Q Net Income Falls
New York-based PepsiCo Inc.’s fourth-quarter net income fell 5 percent because of higher costs and cut its earnings forecast on a dim view of the economy. Shares of the maker of soft drinks, Frito-Lay snacks and Quaker cereal fell nearly 3 percent in pre-market trading. Net income fell to $1.37 billion, or 85 cents per […]
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Pulpy Joins Growing Roster of Billion Dollar Brands for The Coca-Cola Co.
Minute Maid® Pulpy™ has been added to the roster of The Coca-Cola Co. brands that have achieved global retail sales of more than $1 billion, bringing the number of billion dollar brands in the company’s portfolio to fourteen. Minute Maid Pulpy, a significant global innovation, reached the $1 billion sales mark in only five years. […]