Coca-Cola
Data Finds Coca-Cola Has Increased Its Use Of Non-Recycled Plastics Since 2019
Data from the Ellen MacArthur Foundation has found that Coca-Cola has increased its use of newly manufactured plastic by 3.5 percent since 2019. EMF claims Coca-Cola’s sustainability goals for 2025 will be unattainable if it does not actively work to increase its use of recycled plastic. The data puts additional pressure on Coca-Cola as it prepares to sponsor the COP27 UN climate summit in Egypt this month. PepsiCo and Walmart are also among what the EMF calls the worst offenders in increasing virgin, non-recycled plastic use in 2021.
Coca-Cola Experiences Growth Despite High Inflation
Coca-Cola is experiencing strong business despite the period of high inflation. According to its third-quarter earnings report, the company’s global unit case volume grew 4 percent. The company also saw its net revenue rise 10 percent year-over-year in the quarter to $11.1 billion. Meanwhile, organic revenue was up 16 percent on higher prices. Given its strong results, Coca-Cola has raised its top-line and bottom-line guidance. It now expects its organic revenue this fiscal year to grow 14-15 percent from its previous outlook of 12-13 percent. Coca-Cola also expects its adjusted earnings per share to rise 6-7 percent from its prior 5-6 percent growth projection. In addition to raising prices, Coca-Cola has also approached inflation by offering smaller packs, a tactic now commonly referred to as shrinkflation. This strategy has, in part, allowed the company to boost sales and retain consumers who are looking to stretch their budgets.
Keurig Dr Pepper
KDP Posts Strong Q3 2022 Results
Keurig Dr Pepper Inc. reported strong results for the third quarter for 2022. Net sales during the quarter increased 11.4 percent to $3.62 billion, compared with $3.25 billion in the year-ago period. All four segments grew sales during the quarter. As a result, KDP reaffirmed its 2022 guidance for constant currency net sales growth in the low-double-digit range and adjusted EPS growth in the mid-single-digit range.
Other Companies
Suja Life Acquires Wellness Shot Company Vive Organic
Paine Schwartz Partners’ portfolio company Suja Life has acquired immunity-boosting shots company Vive Organic for an undisclosed sum. The acquisition will help Suja Life accelerate and scale in the emerging wellness shots category. Suja Life plans to expand Vive Organic’s product offerings and distribution.
Arla Launches Whey-Based Solution For Fermented Beverages
Arla Foods Ingredients has unveiled a whey-based solution that enables the creation of clear and protein-enriched fermented drinks. Due to the formulation’s minimal cloudiness and sedimentation, it can be used to create high-protein fermented beverages that are as clear as alternatives without protein. Beverage manufacturers can also use the formula with thermophilic cultures for fermented drinks or mesophilic cultures for kombucha-style beverages. The solution can also be produced on a yogurt processing line.
C4 Energy Partners with Wounded Warrior Project
Energy drink brand C4 Energy announced a two-year partnership with Wounded Warrior Project, a nonprofit committed to honoring and empowering the USA's post-9/11 wounded veterans and their families. The strategic partnership includes the launch of a new canned energy drink and pre-work powder flavor named Mango Foxtrot. The WWP-branded products feature a dedicated QR code, which will take consumers to a landing page where they can learn more about the organization and how to get involved. The two C4 Energy® x Wounded Warrior Project products can be purchased through military channels, including AAFES, and retailers such as H-E-B, Publix, Kroger and Albertsons. C4 Energy and WWP’s partnership will also include C4 Energy as the marquee national pre-workout sponsor for WWP's Carry Forward® 5K events, a $500,000 donation over the span of two years, and "The Weight of It: A Walk for Remembrance" walk with United States Marine Corps veteran, Cpl. Nick Perales.
South African Soda Company Lands US Distribution With Aldi
South African company Pura Beverages, the maker of Pura Soda and Pura Kids, has secured a national distribution deal with Aldi in the United States. Pura Soda is set to hit the shelves of 2,200 Aldi stores nationally from January 2023, featured as part of Aldi’s Global Finds.
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