US

Australia's Treasury Wine Shares Tumble On Discounted Fundraising For DAOU Buyout

Shares of Treasury Wine Estates fell more than 11% on Friday after the top Australian winemaker undertook a round of discounted capital raising to fund its...

Why Brewers Aren't Worried About Wegovy Users Drinking Less Beer

Global brewers AB InBev and Carlsberg this week played down concerns among some investors that demand for weight-loss drugs may lead to a sharp drop i...

Molson Coors Lifts Annual Core Profit Forecast On Price Hikes, Steady Demand

Molson Coors raised its annual core profit forecast after beating third-quarter, helped by price hikes as well as steady demand for its core beer brands li...

Ball Corporation Misses Quarterly Sales Estimates On Slowing Demand

Ball Corporation missed third-quarter sales estimates, hurt by slowing demand for its beverage cans and business disruption at one of its largest customers...

Starbucks Gets Sales Bump From Strong US Demand

Starbucks beat Wall Street targets for fourth-quarter results as strong demand for its pricey coffees and cold drinks in North America offset a feeble reco...

Orange Juice Prices Hit All-Time High Amid Bleak Production Outlook

Prices for orange juice rose to the highest on 31 October since future contracts started trading in New York in 1966 as an outlook for limited production i...

Campari Q3 Sales Miss Analysts Expectations

Italian spirits group Campari said its third quarter like-for-like sales rose by 4.4% at constant exchange rates, below analyst expectations, sending its s...

Hedge Funds Short Food, Beverage And Tobacco Stocks Amid Soaring Bond Yields: Goldman Sachs

Global hedge funds last week sold food, beverage and tobacco company stocks at the fastest pace in 11 weeks, a Goldman Sachs note said, as these stocks, vi...