Coca-Cola posted its third quarter earnings that surpassed analysts’ expectations. The beverage maker also boosted its full-year outlook, on expectations of its strategy of hiking prices coupled with more affordable options to bolster sales growth. Coca-Cola’s adjusted earnings for the third quarter came in at 69 cents, well above the 64 cents expected by analysts (based on Refinitiv poll)...

PepsiCo posted its third-quarter earnings and revenue that surpassed analysts; expectations. The beverage giant also boosted its guidance. Earnings for the quarter came in at $1.97, crushing the $1.84 expected by analysts polled by Refinitiv. Revenue was $21.97 billion vs. $20.84 billion expected. Frito-Lay North America division revenue climbed +20% notwithstanding a volume decrease. Quaker...

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Coca-Cola posted its second-quarter earnings this week, beating analysts’ expectations as sales at several public places recovered from the pandemic. The beverage behemoth’s adjusted earnings in the quarter came in at 70 cents, well above the67 cents expected by analysts. Revenue was $11.3 billion, versus $10.56 billion expected. Revenue grew +12% year-over-year on higher pricing and an...

PepsiCo reported its fourth quarter earnings that topped analysts’ expectations. Revenue, too beat Street estimates. However, the beverage behemoth’s projection on the full-year performance fell short of analysts’ forecasts. The company’s adjusted earnings came in at $1.53 a share, compared to $1.52 expected by analysts polled by Refinitiv. Revenue of $25.25 billion also beat $24.24 billion...

posted its fiscal second quarter earnings that surpassed analysts’ expectations.

The beverage giant’s adjusted earnings for the quarter came in at $1.72, compared to $1.53 expected by analysts polled by Refinitiv.

Revenue increased more than +20% year-over-year to $19.22 billion , also exceeding analysts’ expectation of $17.96 billion.

Net sales climbed +20.5% year-over-year to $19.22 billion, vs. analysts’ expectations of $17.96 billion.The Quaker Foods North America segment was the only business to report decreasing organic revenue (a -21% fall in the segment’s volume led to a -14% decrease in organic revenue ).

The company narrowed its projection for 2021 organic revenue growth from mid-single digits to 6%.

Pepsi now projects + 11% growth in constant currency earnings per share, higher than its prior forecast of high-single digit growth.

Beverage behemoth Coca-Cola   said that it’s dropping its energy-drink line in the U.S. and Canada --  less than 18 months after launching it.

Coca-Cola Energy began to be sold in January 2020.However, it will still be sold overseas.

"Our strategy is focused on scaling big bets across a streamlined portfolio,” a company spokeswoman told Reuters.

Coca-Cola reported fourth quarter earnings that came in higher than expected. The beverage giant’s earnings for the quarter were or 34 cents a share, compared to 47 cents per share a year earlier. Excluding nonrecurring items, adjusted earnings per share rose to 47 cents from 44 cents, surpassing the FactSet consensus of 42 cents. Revenue fell -5% year-over-year to $8.61 billion, just above...

 However, the beverage behemoth did not  provide a full-year profit guidance amid the coronavirus pandemic.  Coca-Cola’s adjusted non-GAAP earnings for the three months ending in September came in at 55 cents per share, down one penny year-over-year, but beating the Street expectations of 46 cents. Net sales fell -9% to $8.65 billion, beating expectations of $8.36 billion. Organic sales dropped -6%. Unit case volume (which helps measure demand without the impact of pricing or foreign currency) declined -4%. The company mentioned quarter-over-quarter improvements in demand.

PepsiCo  got a rating upgrade at  Citigroup, on wider profit margin expectations. Citigroup analyst Wendy Nicholson boosted her rating on the beverage giant’s shares to buy from neutral.She also raised her share-price target to Wall Street high $169, from $148.  The price target implies a 22% upside potential from Friday's close at $138.44. According to Nicholson, increasing operating margins could boost Pepsi shares.

Coca-Cola Co.  beat earnings expectations for the second quarter, but revenues missed estimates. The beverage giant’s adjusted earnings for the three months ending June came in at 42 cents per share, down -33.3% year-over-year and ahead of the Street consensus estimate of 40 cents per share. However, revenue of $7.2 billion fell short of  analysts' estimates of a $7.57 billion.The figure was also -28% lower from the same quarter last year. The company cited " pressure in away-from-home channels, which represent approximately half of the company’s revenues" (and include clients such as sports stadiums and restaurants) as factors behind the revenue decline. The company withdrew its full-year earnings guidance on April 21.

Beverage company Keurig Dr. Pepper's  largest shareholder Maple Holdings B.V. (a subsidiary of JAB Holdings B.V.) , is planning to sell a 10.1% stake.  The stake represents around 143 million common shares. The shares will be distributed to minority partners, who are affiliates of BDT Capital Partners, affiliates of Quadrant Capital Advisors and the JAB Consumer Fund. Maple owned 868.75 million shares, or 61.7% of Keurig's shares outstanding, as of May 20.After the sale, JAB and subsidiary Maple will jointly own 52.6% of Keurig Dr Pepper. KDP enters an Uptrend as Momentum Indicator exceeded the 0 level on May 15, 2020 This indicator signals that KDP's price has momentum to move higher, since its current price moved above its price 14 days ago.

The beverage maker, however, pulled its full-year profit guidance as coronavirus crisis weighs on near-term sales prospects. Coca-Cola’s adjusted earnings for the three months ending in March came in at 51 cents per share, 7 cents ahead of the Street consensus forecast..The figure also represents +3 cents increase from the year-ago quarter. Revenues increased +7.2% year-over-year to $8.6 billion, exceeding analysts' estimates of $8.3 billion. Coca-Cola expects declines in its 'away-from-home' sales segment, which partly consists of bulk sales at sporting and entertainment events, will offset gains from consumers adding to their personal storage.

 However, its full-year guidance on earnings-per-share fell shy of analysts’ projections. The beverage behemoth’s adjusted earnings for the three months ending in December came in at $1.45 per share, compared to analysts’ estimate of $1.44.However, the figure is -4 cents lower from the same period last year. Total revenues declined -9.75% year-over-year to $20.64 billion, but managed to beat analyst's expectation of $20.27 billion . For the full-year 2020, Pepsi expects +4% organic revenue growth, and predicts +7% earnings per share growth (excluding currency fluctuations). The company has projected adjusted earnings per share of $5.88 for the year, which is below analysts’ forecast of $5.95.

Coca-Cola Company reported third quarter earnings that matched expectations, while revenue topped estimates. The beverage giant’s adjusted earnings for the three months ending September came in at 56 cents per share, slightly lower than the year-ago quarter.But the figure is in-line with the Street estimates. Total revenues increased +8% year-over-year to $9.5 billion in the quarter, which is higher than analysts' estimates. The company’s sugar free soda Coke Zero experienced double-digit volume growth.

PepsiCo released its latest quarterly earnings and revenue that topped analysts’ expectations, on the back of advertising and marketing impact. The beverage giant’s adjusted earnings for the fiscal third-quarter came in at $1.56 per share, exceeding the $1.50 expected by analysts polled by Refinitiv. Revenue of $17.19 billion also beat analysts’ estimate of $16.93 billion. Pepsi’s organic revenue grew by +4.3% in the quarter. The company’s increased advertising has been cited as a major drive behind consumers purchase of Pepsi products, as indicated by CFO Hugh Johnston in a CNBC interview. Pepsi’s North American beverage business grew +3.5%. Frito Lay North America, which includes brands like Cheetos and Doritos, experienced revenue growth of +5.5% for the quarter. What’s more, Pepsi’s apparent drive to cater to an increasingly health-conscious population seems to be paying off.Meanwhile, Bubly continues to gain market share in the flavored sparkling-water category against

Monster Beverage shares were declining Wednesday, following a rating downgrade from Guggenheim Securities.  Analysts at Guggenheim Securities downgraded the beverage company’s stock to neutral from buy, citing competition from the upcoming Coca-Cola Energy.The new target indicates a potential 6.3% upside from the stock's Tuesday closing price.  The analysts indicated that their concerns included Monster’s in-store execution, especially in convenience, where shelf space is more constrained.  

Credit Suisse analysts gave Monster shares a $77 price target, representing 36% potential upside from the stock's previous close.  Monster shares have been hurt by its second-quarter sales and earnings figures (reported early August) that fell short of the Street expectations.Also, there have been apparent concerns over sales of its new recent fitness beverage Reign, which haven’t been as strong as expected. However, at a price multiple of 26 times expected earnings over the next 12 months, Credit Suisse analyst Kaumil Gajrawala views Monster Beverage shares as “cheap, given best-in-class growth prospects, low capital needs, and a clean balance sheet” .

They were also higher compared to the year-ago quarter’s 54 cents a share, Sales of $10 billion also beat estimates of $9.9 billion (based on FactSet poll). The company mentioned a +4% volume and transaction growth in Coke’s namesake brand.Its Zero Sugar line once again experienced double-digit volume growth worldwide. In recent years, Coke has expanded its footprints well beyond its iconic brown carbonated drinks.

PepsiCo earnings for the second quarter surpassed analysts’ expectations, on the back of strong sales in snacks and sparkling water. The beverage and snack company reported adjusted earnings of $1.54 per share for the quarter, compared to  $1.50 expected by Wall Street analysts. Pepsi’s revenue of $16.449 billion also edged past analysts’ estimates of $16.426 billion. Its Frito-Lay North America segment was the strongest performer in sales, reporting +5% organic revenue growth.Frito-Lay revenues along with the company's other snacks businesses comprise more than half of the group's total revenue. Pepsi’s North American beverage business organic revenue grew by +2.2%.