Financials & Economy
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Cold beverages drive Keurig Dr Pepper’s growth in FY 2021 but higher costs dent outlook
USA – A thirst for Keurig Dr Pepper’s cold beverage portfolio drove overall sales at the Plano-Texas-based company in 2021. Full-year net sales rose…
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AB InBev, Molson Coors full year results eclipse pandemic levels driven by recovering beer demand
BELGIUM – Alcoholic beverage giants AB InBev and Molson Coors have reported strong full year sales for 2021 mainly driven by premiumisation and recovery demand…
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Danone full year sales potential in 2021 curtailed by supply chain issues
FRANCE – Multinational food-products corporation Danone was adversely impacted by supply chain issues in 2021 leading to revenue losses and sometimes market share erosion. …
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High operating expenses, high tax eat into Nigeria Breweries’ full year profit earnings
NIGERIA – Nigerian Breweries, subsidiary of Heineken International, closed the year 2021 on a high reporting 29.7% rise in revenue in the year ended December…
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Botswana retailer Choppies reports top-line growth spearheaded by 89% revenue jump in other markets
BOTSWANA – Botswana based retailer, Choppies Enterprises Limited, has registered a 18.9% rise in interim revenue, in the six months ended December 2021 to BWP…