Beverages

Proposed KES15.5 billion safeguard and refrigeration conditions deepen regulatory standoff over East Africa’s major brewing deal.

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.

Strong growth from Alani Nu and Rockstar supported Celsius Holdings’ quarterly revenue despite weaker sales, shrinking margins and lower profit at its flagship brand.

Strong international demand and growth in Monster Energy drink sales helped the company deliver higher revenue, profit and operating income during the quarter.