PepsiCo beat quarterly earnings and revenue estimates. Volume and sales growth were better in most international markets than in its North America segments. In its home market, product recalls and weaker demand from lower-income consumers hurt sales. PepsiCo reported quarterly earnings and revenue that beat analysts’ expectations, despite weaker U.S. demand caused by Quaker Oats recalls and backlash to higher prices for its drinks and sna...

JDE PEET’S, a global coffee and tea company, member of FoodDrink Bulgaria Association, proudly announces a significant expansion of the Kostinbrod Coffee Plant’s operational capacities with a €5 million investment focused on enhancing roasting capacity and packing capability. This strategic move underscores the company's commitment to meet growing consumer demand and ushering efficiency, resilience, and innovation. With a focus on enhancing production cap...

If you want to manage in a way to engage the team, to make them like-minded, this implies far more leadership, shared values, shared vision, ambitions and personal example, says Petar Stoilov, Nestlé Bulgaria executive director This year had hard start for the cocoa market - its price jumped due to shortages. According to analyses, the reason for the lower harvest is climate change. How does the company plan to adapt to them? The price of cocoa rose by 60% in 2023,...

Mondelēz International's annual State of Snacking™ report is a global consumer trends study examining insights on how consumers make snacking decisions. The fifth annual report reveals global consumers are still snacking strong. The State of Snacking report, developed in partnership with consumer polling specialist The Harris Poll, was initially launched five years ago in support of Mondelēz International’s mission to lead the future of snacking....

The 16th edition of the company's green volunteer initiative - "My Green City", earned the prestigious third place in the category "Investor in the Environment" within the Annual Responsible Business Awards 2023 of the Bulgarian Business Leaders Forum. In the 21st edition of the national competition, 126 corporate initiatives with a cause of 82 companies competed. The BBLF aims to encourage best practices of engagement with public causes and to promote...