Blog: Tough year ahead for soft drinks firms?
Michelle Russell | 28 April 2011
just-drinks has been busy this week bringing you news on the raft of first quarter results released by soft drinks firms.
Among them, we've had PepsiCo, The Coca-Cola Co, Dr Pepper Snapple Group (DPSG) and Coca-Cola FEMSA.
PepsiCo, this morning (28 April) reported a drop in first quarter profits, as did Coca-Cola Enterprises and Embotelladora Andina. The Coca-Cola Co, on the other hand, saw profits rise in the quarter, along with DPSG and Coca-Cola FEMSA.
But, while the latter firms can be pleased with their profits, all have pointed to rising costs as a potential problem heading into the remainder of 2011.
The CSD market in North America is yet to fully recover and high global commodity cost inflation and difficult macroeconomic conditions are threatening to take their toll on the top-line of these firms.
New figures show that economic growth slowed sharply in the US in the first quarter of the year. GDP slowed to an annual rate of 1.8% in the three-month period, from 3.1% in the final quarter of 2010.
Consumer sentiment is clearly still weak and spending power is being undermined by higher food and petrol prices, government spending cuts and ongoing high unemployment. Soft drinks companies could find that the rest of the year gets tougher, rather than easier.
Major wine players flocked to China ready for online giant Alibaba's 9.9 Global Wine and Spirits Festival, which took place on 9 September....
In May, Heineken's CEO, Jean-François van Boxmeer, called Vietnam the "poster child" for international beer thanks to strong demographics and growing demand....
Heineken is known for its flashy adverts. Now the brewer has given the star treatment to a new recruitment drive with a glamorous and highly-persuasive ad that, quite frankly, had the staff here at...
Move over iPhone 7 headphones-gate, there is a new Apple product causing a stir. Or a shake. Or just a shot....
- How the can has a part to play in beer's future
- What do US wholesalers think of spirits trends?
- Experienced hands hold firm at CCEP - Analysis
- It isn't just men who like beer - Comment
- The Future of Cocktails - Consumer Trends
- Diageo Australia's commercial head to step down
- Diageo reveals revival plan for former factory
- William Grant sees 2015 sales, profits lift
- Stoli Group CEO Rob Cullins to step down
- Jose Cuervo applies to go public
- Global gin insights - market forecasts, product innovation and consumer trends
- The Next Seven Big Beverage Markets
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends
- Global rum insights - market forecasts, product innovation and consumer trends
- Global RTD insights - market forecasts, product innovation and consumer trends