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Tag: Food and drink

UK consumer sentiment will lift if Brexit deal passes

James Quincey, Coca-Cola Company CEO Adam Galica | CNBC Coca-Cola CEO James Quincey said that if U.K. lawmakers pass a Brexit deal, consumer sentiment will improve. “If it mercifully comes to an end, then yes, I do think that sentiment will improve, maybe not overnight, but over time and hopefully going into 2020,” Quincey told …

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Grocery sales are rising but so is the pressure on profits, analyst says

Woman shops for groceries. Twenty20 Walmart continues to lead the U.S. grocery sector, but the gap with its rivals is narrowing, and pressure on profits is rising, according to a new report from Loop Capital Markets. Walmart has a 22% share of the $847 billion U.S. grocery industry, according to analyst Andrew Wolf. The retailer’s …

Grocery sales are rising but so is the pressure on profits, analyst saysRead More

Coca-Cola (KO) earnings Q3 2019

Marcos Brindicci | Reuters Coca-Cola on Friday reported quarterly revenue that topped analysts’ expectations as more customers are drawn in by healthier options, like Zero Sugar soda and smaller size cans. Shares of the company jumped 1.6% in premarket trading. “Our performance gives us confidence that our strategies are taking hold with our consumers, customers and …

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Walmart will now put groceries right in your fridge, starting in 3 cities Tuesday

Walmart is launching a new service that will deliver groceries — and put them away in your fridge — starting in three cities Tuesday. InHome grocery delivery is a membership program that is being rolled out at an introductory price of $19.95 a month. It requires shoppers to purchase a $49.95 smart door lock kit …

Walmart will now put groceries right in your fridge, starting in 3 cities TuesdayRead More

Kroger is downgraded after a mulityear mistake, Jefferies says

An employee pushes grocery carts outside a Kroger Co. grocery store in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Kroger was downgraded by Jefferies to hold from buy due to what it believes was a key mistake: investing in centralized fulfillment centers instead of micro-fulfillment. Kroger should be following Walmart’s lead, Jefferies analyst …

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Plant-based meat line went to market in just two months

Jim Snee, CEO, Hormel Source: CNBC In an attempt to quickly jump onto the plant-based meat craze, Hormel’s new brand went to market in just two months, after being spurned by an original partner, its CEO said Thursday. “[Plant-based proteins] was a trend that we saw coming,” CEO Jim Snee said in an interview with …

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Chick-fil-A continues its international expansion with UK location

Chick-fil-A employees prepare chicken sandwiches for guests Michael Nagle | Bloomberg | Getty Images Chick-fil-A has come to the U.K. The chicken chain opened its first restaurant in the U.K. on Thursday, continuing its international expansion. “We can confirm that we opened a pilot-licensed location in the U.K. on Oct. 10 and we are pleased …

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