US

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...

Hotel Chocolat Reports Decline In Sales In FY 2023

British luxury chocolate maker Hotel Chocolat has reported a 10% year-on-year decline in sales its financial year 2023 due to a decline in online and inter...

Constellation Brands Lifts Profit Forecast On Higher Pricing

Constellation Brands has raised its annual profit target after topping sales expectations for the second quarter, riding on higher prices and strong d...

Record Chicken Prices Squeeze US Shoppers, Benefit Tyson Foods

Chicken prices at US grocery stores have hit record highs and should stay elevated as Tyson Foods and other companies dial back poultry production to boost...

Wonder Group Acquires US Meal-Kit Maker Blue Apron For $103m

Meal-kit maker Blue Apron has announced it would be acquired by food delivery company Wonder Group in an all-stock deal for $103 million.

Philip Morris Aims To Launch IQOS In Two US States In 2024

Philip Morris International said it plans to launch its flagship heated tobacco device IQOS in two US states in 2024 as it doubles down on its shift away f...