Category: Consumer Goods

PepsiCo surges in Q2; food biz paves the way

(FinancialPress) — Centennial snack and fizzy drink maker PepsiCo released it‘s 2nd quarter results this week. The results led the way to a healthy and much needed 4% rise in the company‘s stock value. Pepsi has been one of several pop manufacturers that have been going through a rough patch, affected by trend shifts towards healthier, more natural drinking habits. 2017 saw soda sales drop…

Hedge fund manager Dan Loeb: Nestlé ‘overly complex, lethargic’; ‘missing too many trends’

(FinancialPress) — Dan Loeb, a big-time hedge fund manager, is not impressed with Nestlé‘s performance. Loeb finds that the multinational food corporation is taking a “muddled strategic approach“ — one that is preventing the Kit Kat manufacturer from keeping up with new trends and competitors. “Nestle’s insular, complacent, and bureaucratic organization is overly complex, lethargic, and misses too many trends,” he said in a letter…

Nike airs a winning quarter

(FinancialPress) — Nike‘s stock jumped the ranks by as much as 11% after the company‘s financial results for the last quarter were posted. The 3-month period outcome outdid the shoemaker‘s own expectations. Both sales and profits rose year-on year for Q2 after most of the last 12 months saw the company‘s sales drop. Sales in the US rose by 3% compared to a year back…

Former Coors CEO turned cannabis player says “virtually all“ big alcohol companies aiming at MJ sector — Part 2

 (FinancialPress) — Part 2 of the interview given by Torsten Kuenzlen, former CEO of Molson Coors and executive for Coca-Cola who has chosen to incurse into the legal cannabis industry. Kuenzlen believes “there can be no doubt“ on the prospect of future tie-ups between big alcohol and cannabis companies: “We know that virtually all alcohol companies are very carefully looking at the cannabis space and…

Former Coors CEO turned cannabis player says “virtually all“ big alcohol companies aiming at MJ sector — Part 1

(FinancialPress) — A former big alcohol high-level exec has transitioned into the cannabis space. Torsten Kuenzlen has quite the history, having participated in the ranks of Coca-Cola and Molson Coors. His impressive resume and knowledge of the markets make him lean towards one uncomfortable truth: alcohol companies should be cautious about the wave of marijuana legalization. Kuenzlen believes that legal mj holds an evident competitive…

Nationwide US cannabis legalization lawsuit movement scores an L

(FinancialPress) — The first legal battle held by the lawsuit levvied against the federal government, launched by cannabis legalization advocates, finds the plaintiffs on the losing side. Judge Alvin Hellerstein, who officiates for the U.S. District Court in the Southern District of New York, ruled that the plantiffs “failed to exhaust all administrative remedies“ to settle their request, and therefore granted the motion to dismiss…

IBM says blockchain is solution to track pot from “seed to sale“

(FinancialPress) —  Bluest-of-blue-chip tech company IBM is touting the blockchain to be the solution to tracking pot from it‘s inception to the point it reaches the final consumer. The New York-based company submitted a suggestion paper to the government of British Columbia this month, as the province had publicly requested feedback when preparing for the upcoming nationwide legalization of recreational marijuana use, in July. Using…

Pepsico barely beats revenue estimates in Q4 2017

(FinancialPress) — Frito-Lay chips paved the way for Pepsico Inc (PEP) to beat Q4 revenue estimates set by Wall Street. The Dorito and Lays maker posted revenue to the tune of $19.53 billion to cap off 2017 – a slight rise from the previous quarter. Analysts expected a lower revenue level of $19.39 billion. Even with the outperformance of the consensus, revenue was considered flat…

Phivida Signs Superheroes Sports & Malia Manuel

Ms. Malia Manuel, World Surfing League Gold Medalist Now Lead Brand Ambassador LOS ANGELES, CA, February 5th, 2018 — Phivida Holdings Inc. (“Phivida” or the “Company”)(CSE: VIDA; OTCMKTS: PHVAF) is pleased to report a partnership with Superheroes Management (SHM) sports marketing agency; and the signing of World Surfing League gold medalist, Ms. Malia Manuel as Phivida’s Lead Brand Ambassador.  Mr. Jaimeson Keegan is the founder of…

Amazon‘s apparel business could reach $85 billion in 2 years.

(FinancialPress)—Instinet analysts view Amazon.com Inc.‘s (AMZN) apparel retail business as a huge blockbuster – it could potentially already be positioned as the largest company in the sector, and could still reach sales between $45 billion and $85 billion by the end of the 2020 fiscal year. A team of said firms‘ analysts led by Simeon Siegel estimate sales for apparel and accessories overall at a…