Archive for the ‘FOOD & BEVERAGE’ Category

Starbucks delivers comes to 5 new U.S. markets

The coffee chain is rolling out delivery at nearly a quarter of its roughly 8,000 US company-operated stores, beginning in early 2019, it announced at its investor day on Thursday. Starbucks is partnering with Uber Eats for its delivery program, which it began testing in Miami over the summer.

Chick-fil-A continues its international expansion with its first location in the UK

Chick-fil-A has come to the U.K. The chicken chain opened its first restaurant in the U.K. on Thursday, continuing its international expansion. “We can confirm that we opened a pilot-licensed location in the U.K. on Oct. 10 and we are pleased to have already served nearly a thousand customers,” a Chick-fil-A spokesperon told CNBC. The […]

U.S. regulators allow genetically modified cotton as human food source

U.S. regulators on Friday gave the green light for genetically modified cotton to be used for human consumption, paving the way for a protein-packed new food source – edible cottonseed that tastes a bit like chickpeas – that its developers said could help tackle global malnutrition. The Food and Drug Administration’s decision on the cotton […]

The Impossible Whopper is driving steady traffic to Burger King, data shows

Data reveals that the introduction of Burger King’s meat-alternative patties increased traffic at the global fast-food franchise both during city-specific testing as well as after a nationwide rollout. Researchers at Barclays studied the ratio of traffic share between Burger King restaurants in St. Louis and locations nationwide during the company’s trial phase of its new […]

PepsiCo’s 12% increase in ad spending fuels sales growth

PepsiCo executives said in a conference call with analysts this week that the company has increased its advertising and marketing spending by 12% this year, helping to drive higher sales across a number of brands and boosting market share for key brands like Pepsi.

Pepsi Co’s ad spending brings major Q3 growth

PepsiCo Inc (PEP.O) benefited from an ad blitz in the third quarter, beating profit and sales estimates, as more health-conscious consumers bought its low-calorie beverages and snacks in North America. Shares rose as much as 4% to $139.27 on Thursday, standing out in a weak broader market and boosting the S&P consumer staples sector.

Nestle calls on industry to improve on deforestation

Nestlé has admitted it will miss a 2020 target on deforestation it set ten years ago – but the company has set out how it believes the wider industry can end the practice. In 2010, the KitKat and Maggi maker was among a number of food manufacturers – under the auspices of The Consumer Goods […]

Pepsi Says Higher Prices Haven’t Quenched Consumer Demand

PepsiCo Inc. is getting a boost from higher prices on its drinks and snacks, a sign U.S. consumers still feel good amid recent indicators of a looming economic slowdown. The snack and beverage giant said Oct. 3 it will meet or exceed its full-year revenue growth after sales and profit both topped Wall Street estimates […]