Blog: The just-drinks Weekly Round-Up
Olly Wehring | 22 April 2014
On just-drinks last week:
- Diageo was quick to line up its excuses after its trading update on Thursday flagged slowing sales and sliding volumes for the year to date. While the analyst community was united in its disappointment, the firm argued that things were not as bad as they seem, with a range of one-offs hampering performance. One thing became abundantly clear, however: Those who felt that international spirits have been suffering a Chinese blip in the last year or so are now few and far between. We need only look at Remy Cointreau’s profit warning last week for further evidence.
- In soft drinks, both The Coca-Cola Co and PepsiCo reported their Q1 numbers last week. Coca-Cola saw sales and profits both slip in the first three months of 2014, as PepsiCo’s bottom line received a boost in the same period. That said, PepsiCo would appear to have its snacks division to thank for driving the performance: its beverage volumes globally came in flat. Be assured, then, that the beverage side of the company will be hoping PepsiCo’s board delivers on its promise to keep the company together, whatever the weather.
- The Australian wine industry collectively is suffering in the US, it would appear, as full-year volume numbers from Wine Australia highlighted a tough 12 months in the country. While the UK remains one of the most important markets for Australia’s wines, China - long held to be the next big battleground - failed to capitalise on the UK’s volume and value falls. Meanwhile, South Africa’s winemakers have been warned to start looking for new markets beyond Europe. Maybe not China, though, yeah?
- In brewing, regular commentator Larry Nelson took to his crystal ball last week, to look at what the future holds for the craft beer segment. Larry’s thoughts form part of our latest ‘on-trend’ report, which offers an in-depth look into the sub-category. Full details of the report can be found here.
Here's a round-up of the big stories on just-drinks last week, featuring SABMiller, Orangina Schweppes, PepsiCo and Scottish devolution....
Knowledge is power, or so they claim. So, with that in mind, here's an infographic, courtesy of Australian company Hangover Revivol, that breaks down exactly what is behind the common hangover....
The first part of this month's management briefing on sustainability in the spirits sector sees Ben Cooper flag the importance of collaboration - both internal and external - among companies and trade...
Here's a round-up of the top stories on just-drinks last week, featuring William Grant & Sons, the Southern hemisphere's winemakers, SABMiller and Heineken, and Coke Light....
Part two of this month's four-part members' briefing on environmental sustainability in the spirits sector looks at spreading the work-load among other trade associations and other drinks sectors....
How many beer mugs can one man carry? ...
- Scottish Independence and Scotch Whisky
- Whisk(e)y leads vodka in US, but for how long?
- Wine in the UK: Tell Us Something We Don't Know
- SABMiller spurned by Heineken: The start of the en
- Comment - Heineken's 'No' Cuts SABMiller Options
- LIVE BLOG: Industry responds to Scotland 'No' vote
- Diageo ups Johnnie Walker Formula One presence
- A-B InBev shakes up Euro units, UK head steps down
- Diageo settles Explorers Club trademark dispute
- Bacardi lifts curtain on Bombay Sapphire distiller