|January 19, 2013|
|13:40 EDT||KO, PEP, DPS||Analysts wonder if downturn in U.S. soda sales permanent, WSJ says|
Including the holiday season, U.S. retail soda sales declined in 2H12, with the pace of the decline worsening later in the year, says the Wall Street Journal. Reference Link
News For KO;PEP;DPS From The Last 14 Days
Check below for free stories on KO;PEP;DPS the last two weeks.
|September 2, 2014|
|17:15 EDT||PEP||PepsiCo backs FY14 constant currency EPS growth guidance of 8%|
In advance of the Barclays Back-to-School Consumer Conference in Boston, Massachusetts, PepsiCo stated that, consistent with its previous guidance for FY14, PepsiCo expects 8% core constant currency EPS growth in FY14 versus its FY13 core EPS of $4.37. Based on the current foreign exchange market consensus, PepsiCo currently expects that foreign exchange translation will have an unfavorable impact of approximately 4% points on its full-year core EPS growth in 2014. Excluding the impact of structural changes and foreign exchange translation, organic revenue in 2014 is expected to grow mid-single digits versus 2013, consistent with PepsiCo’s long-term target. Based on the current foreign exchange market consensus, PepsiCo currently expects foreign exchange translation to have an unfavorable impact of approximately 3 percentage points on its full-year net revenue growth in 2014.
|10:09 EDT||KO, PEP||Study finds adverse heart events associated with energy drinks, ScienceWR says|
A study presented at the European Society of Cardiology congress concluded that caffeinated energy drinks can be associated with several adverse heart conditions including angina, cardiac arrhythmia and sudden death, reported Science World Report. Monster Beverage (MNST) markets energy drinks and recently struck a deal to acquire additional energy drink brands from Coca-Cola (KO). PepsiCo also markets energy drinks. Reference Link
|August 31, 2014|
|13:44 EDT||PEP||Barclays to hold a conference|
Back-to-School Consumer Conference to be held in Boston on September 3-5.
|August 29, 2014|
|16:18 EDT||KO||Coca-Cola Bottling forms pact with Coca-Cola to expand franchise territory|
Coca-Cola Bottling Co. (COKE) announced it has signed a definitive agreement with The Coca-Cola Company (KO) to expand the bottler’s franchise territory to include the Knoxville, TN territory currently served by Coca-Cola Refreshments USA, a wholly-owned subsidiary of The Coca-Cola Company. This agreement represents the second phase of the proposed franchise territory expansion described in the previously-announced Letter of Intent between the company and The Coca-Cola Company. The company expects the transaction to close by the end of October. The company is continuing to work towards a definitive agreement with The Coca-Cola Company for the remainder of the proposed franchise territory expansion described in the previously-announced Letter of Intent, including Cleveland and Cookeville, TN and Louisville, Lexington, Paducah and Pikeville, KY and Evansville, IN. The definitive agreement and other agreements to be entered into at closing will provide the Company the exclusive rights to distribute brands owned by The Coca-Cola Company as well as certain other brands not owned by The Coca-Cola Company that are currently being distributed in the Knoxville territory by CCR. The transaction includes the purchase by the Company of distribution assets and certain working capital items from CCR relating to this territory and the purchase of exclusive rights to distribute certain non-Coca-Cola brands in this territory. The transaction also includes the grant by CCR to the Company of exclusive rights to distribute brands owned by The Coca-Cola Company in this territory under a comprehensive beverage agreement to be entered into at closing. Under such agreement, the Company will make a quarterly sub-bottling payment to CCR on a continuing basis after the closing for the grant of such exclusive rights. The Company will not acquire any production assets from CCR and will, with certain exceptions, purchase finished goods from CCR to service customers in this territory.
|August 27, 2014|
|16:05 EDT||KO||Keurig Green Mountain expands board, appoints José Octavio Reyes Lagunes |
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|August 26, 2014|
|06:20 EDT||KO||Coca-Cola to introduce mid-calorie soda in Mexico, WSJ reports|
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|August 24, 2014|
|18:19 EDT||PEP||PepsiCo holders would benefit more from split up, Barron's says|
PepsiCo shareholders would benefit more if Pepsi and Frito-Lay were split, Barron's contends in its cover article. Cost cutting at both companies would offset synergies, the paper adds. Reference Link