Beverage giant PepsiCo, Inc. (NASDAQ: PEP) reported better-than-expected second-quarter results for the period ending June 11, 2022. The solid results were on the back of both revenue and earnings surpassing estimates. Further, the company raised its revenue outlook for the year too, resulting in the stock appreciating by almost 1% to $171.50 in the pre-market hours. Revenues & Earnings Soar Pepsi reported quarterly net revenues of $20.23 billion, a gro...

Mr. Galabov, the Coca-Cola HBC group has for another year made a significant contribution to the Bulgarian economy and defended its place as one of the leading companies in it. Which of the financial results that you reported in the Corporate Social Responsibility Report for 2020-2021, which was announced in early June, most closely correspond to the priorities in the company's business strategy? Did you meet your goals for this year? - Coca-Cola HBC keeps expa...

Mondelēz International, Inc. announced that the integration of Chipita Global, the fastest growing and leading company in the baked snacks category in Central and Eastern Europe, has been completed. According to the announcement, the acquisition, completed in January 2022, enables Mondelēz International to offer a broad portfolio of baked snacks in Europe, meeting growing consumer demand in this sector. Today Chipita’s products reach two billion consumers in more tha...

Nestlé Bulgaria saved 10,000 tons of carbon emissions by purchasing 100% green electricity for 2022. The 12,000 MWh used are entirely from renewable sources - solar energy, wind and water plants. The certificate issued by ENEGO-PRO Energy Services for the second year in a row guarantees that Nestlé Bulgaria promotes green production with care for the nature of our country. Along with this, the company also contributes to reducing its carbon footprint through...

More than two decades ago, Clif Bar founder Gary Erickson rejected an offer to sell his company to Quaker Oats for $120 million. This week, Clif Bar decided the time—and the price—were finally right. Snack food giant Mondelez InternationalMDLZ +1.1% announced a deal to buy the snack bar brand for $2.9 billion, marking a handsome 2,300% premium to the bid from Quaker that Clif Bar rebuffed back in 2000. In the years since, the company has remained priv...