Financials & Economy
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Coca-Cola HBC reports 28.3% net sales rise in FY2022, plans for price hike
SWITZERLAND – World’s third-largest Coca-Cola anchor bottler, Coca-Cola HBC AG, has reported double-digit growth in the full year 2022 net sales to €9.2 billion (US$9.87bn),…
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PepsiCo reports double-digit revenue growth in AMESA division in FY2022
AMESA – Multinational food and beverage corporation, PepsiCo, has reported a Full Year 2022 net revenue rise of 8.7% to US$86.39 billion with the AMESA…
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RCL Foods issues profit warning as load shedding associated costs impact on margins
SOUTH AFRICA – RCL Foods Ltd, a food processor and milling company in South Africa, has issued a profit warning on account of the persistent…
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Befitting sendoff: Unilever’s annual turnover exceeds US$64B in Alan Jope’s last year as CEO
UK – Multinational consumer goods giant Unilever has delivered yet another impressive growth with annual turnover jumping 14.5% to €60.1 billion (US$64.78 Billion) in what…
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Mondelēz International posts 9.7% FY2022 revenue rise boosted by strong performance in emerging markets
US – Snacks giant, Mondelēz International, has reported a 9.7% net revenue rise for the Full Year ended December 31, 2022, driven by Organic Net…