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Home » Topics » Financial

Financial
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Keurig, Coke, Primo Share Insights on Shifting Consumer Environment

June 9, 2020

Analysts at RBC Capital Markets hosted a global consumer and retail conference on May 27-28. Beverages analyst Nik Modi interviewed leaders from Keurig Dr Pepper, Coca-Cola and Primo Water (formerly Cott). The following is a synopsis of shifts in short-term and long-term trends seen by the executives.


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Special-Issue-Header

Annual Industry Report: 2019 Volume and Value Analysis

US Non-Alcoholic Beverage Industry Flexed Pricing Muscle Last Year
June 1, 2020

Annually, BD publishes estimated volume and value sales data for US liquid refreshment beverages (LRB) and carbonated soft drinks (CSD). The data included in this special issue estimates beverage consumption for all measured and unmeasured channels, including packaged retail, fountain and vending. Data for juice, tea, coffee and dairy categories focus on single-serve, direct-store-delivered beverages and generally do not include warehouse-delivered or refrigerated products by Coca-Cola, PepsiCo and Keurig Dr Pepper. CSD estimates in this report include traditional soft drinks and energy drinks, which are both carbonated and share similar manufacturing and distribution methods. The fountain channel includes everything from restaurants, such as McDonald’s and Taco Bell, to sports venues.


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Report: Restaurant Sales Decline May Have Hit Bottom

May 6, 2020

Several recent reports by Credit Suisse Analyst Lauren Silberman and her team have outlined sales trends for the US restaurant sector during the COVID-19 pandemic. This is an important sales channel for fountain and packaged beverages. The following are highlights from the reports...


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1Q Earnings Wrap

Big-3 Soda Makers Adjust to Crisis
May 6, 2020

In late April, Coca-Cola, PepsiCo and Keurig Dr Pepper reported first-quarter earnings. Those results, however, were less interesting that the outlook for the second quarter and the rest of the year. Below is a synopsis, culled by BD from earnings call transcripts, of actions the three companies are taking to adjust to market conditions during the crisis.


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Bottlers Assess 2020 Outlook

COVID-19 Disrupts
May 6, 2020

As April came to a close amid the COVID-19 crisis, BD spoke to beverage bottlers about their expectations for the rest of the year. Here are a few observations based on those discussions...


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Bang+Pepsi

PepsiCo to Distribute Bang Energy in US

Also Closes $3.85 Billion Rockstar Energy Acquisition
April 28, 2020

PepsiCo just announced an exclusive agreement to distribute Bang Energy in the US. The deal, effective immediately, comes as PepsiCo also has closed the $3.85 billion acquisition of Rockstar Energy. Terms of the agreement with Bang owner VPX Pharmaceuticals...


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Survey: US Convenience & Gas Retailers React to Traffic Declines

Highlights
April 21, 2020

Analysts at Goldman Sachs, led by Bonnie Herzog, surveyed retail and wholesale contacts representing 33,000 US convenience & gas store locations, which represents about a fifth of that retail channel. Here are some of their findings:


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Restaurants: Credit Suisse Analysts Assess Consumer Traffic During COVID-19.

Highlights
April 21, 2020

A recent report by Credit Suisse Analyst Lauren Silberman and her team outlined trends in the US restaurant sector, which is an important sales channel for fountain and packaged beverages. Here are some of the points from the April 13 report that BD found most important for the beverage industry:


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coca-cola-2020-04-21

Insights from Coca-Cola's 1Q Earnings. April Global Volume Down -25%.

CEO Sees Challenging Second-Quarter. Says Crisis Response in Coke's 'DNA.'
April 21, 2020

Coca-Cola CEO James Quincey emphasized the company’s resilience today as it reported first-quarter earnings amid the COVID-19 pandemic. Here are initial takeaways from today’s earnings release and company-hosted calls with Wall Street analysts and media:


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pc

PureCircle to Sell Majority Stake to Ingredion.

Former CEO Responds to Recent Events, Enthusiastic About Sale.
April 14, 2020

Stevia producer PureCircle has agreed to sell a 75% stake in the company to global ingredients maker Ingredion for about 185.3 million pounds sterling ($231 million). The transaction is expected to close during the second half of this year. The announcement follows a five-month accounting probe at PureCircle and eventual management shake-up, which included the resignation of founder and former CEO Maga Malsagov. Ingredion will appoint...


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