KDP’s refreshment beverages and international businesses delivered strong growth, while weaker US coffee performance remained a drag on profitability during the quarter.
The spirits giant expects operating framework changes and supply chain initiatives to deliver major savings as it navigates weaker demand in key markets.
Stronger oilseed crushing margins, favourable US biofuel conditions and improving Nutrition operations drove ADM’s sharp second-quarter earnings increase and higher full-year outlook.
Rabobank and BBVA are advising the company as it assesses its options.
The company is also expanding its Beyond Immerse drinks through a new distribution deal in New York.