Coffee

Italian Coffee Brands See Revenue Growth In H1 2023

Italian coffee company Illycaffè recorded a 5% year-on-year increase in turnover, to €278.5 million, in the first half of its financial ye...

JDE Peet's To Stop Selling Western Coffee, Tea Brands In Russia By Year-End

JDE Peet's will from the end of the year sell coffee and tea in Russia only under local brands, it said, as it lowered its annual earnings target, saying t...

Robusta Coffee Prices Expected To Jump 28% This Year

Robusta coffee prices are forecast to end the year below current levels but still register an annual increase of 28%, a Reuters poll of 10 traders and anal...

Bottler Coca-Cola HBC Beats Profit Estimates, Raises Outlook

Bottler Coca-Cola HBC has beaten its half-year profit expectations and lifted its annual revenue target, supported by strong sales and higher prices of its...

JDE Peet's Lowers Earnings Target Due To Shift To Local Brands In Russia

JDE Peet's lowered its annual earnings target, saying the impact of a decision to stop selling its international brands in Russia was uncertain.

Starbucks Misses Quarterly Sales Estimates, Sees Lasting China Rebound

Starbucks missed market expectations for quarterly comparable sales, with demand for its coffees and cold drinks showing some signs of tapering in the Nort...

Coffee, Candy Makers Question EU Deforestation Law

Chocolate and coffee makers including Italy's Lavazza and Cadbury-maker Mondelēz are concerned about the "practicalities" of a new European Union...

Keurig Dr Pepper Beats Sales Estimates, Posts Strong Forecast

Keurig Dr Pepper Inc beat Wall Street estimates for quarterly results and forecast higher annual sales, as the soda maker benefits from multiple rounds of...