Financials & Economy
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Soft drinks giant Coca-Cola records 11% drop in revenues as global beverage industry takes a hit from Covid-19
US – The Coca-Cola Company, one of the largest beverage manufacturers in the world, has recorded an 11% decline in net revenue for the full-year…
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Burger King India reports 28% decline in Q3 revenues as US unit launches loyalty program
INDIA – A few months after its listing at the BSE, fast food chain restaurant Burger King India has given its first quarterly earnings announcement,…
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Heineken full year profits dip 35.6% prompting 8,000 job cuts globally
NETHERLANDS –Dutch multinational brewing company, Heineken has reported a full-year operating profit of €2.42 billion (about US$2.93 billion), representing an organic decrease of 35.6% .…
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Ingredion’s 2020 full year profits drop 16% due to Covid-19
US – 2020 was not an easy year for many food companies and global food ingredients manufacturer Ingredient was not an exception. The Westchester, Illinois…
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Carlsberg’s 2020 revenues plunge as Covid-19 takes toll on major revenue streams
DENMARK – Danish multinational brewer, Carlsberg has posted an 8.4% decline in organic revenue in its 2020 results, following significant impact to its on-trade channel…