The meteoric rise of weight loss drugs means consumers’ nutritional needs are “shifting” which provides new opportunities for food companies, Nestle CEO Mark Schneider told CNBC. Investors were initially concerned […]
Daily marijuana use surpasses alcohol consumption, new study finds. Here's what it means for the booze business
A recreational marijuana smoker indulges in smoking weed on April 14, 2020 in the Bushwick section of the Brooklyn borough of New York City. Bruce Bennett | Getty Images Americans […]
Walmart says more diners are buying its groceries as fast food gets pricey
Getty Images (L) | Reuters (R) Forget the drive-thru. Walmart wants diners to find a value meal in its grocery aisles. As fast food gets pricier, the nation’s largest grocer […]
McDonald’s is working to introduce a $5 value meal
A McDonalds located on Santa Monica Blvd in Los Angeles, California, April 1, 2024. Robert Gauthier | Los Angeles Times | Getty Images McDonald’s is working to introduce a value […]
Sweetgreen shares soar 34% after company beats revenue expectations
People dine outside a Sweetgreen in Manhattan. Jeenah Moon | The Washington Post | Getty Images Sweetgreen shares surged nearly 34% on Friday after the company topped Wall Street’s revenue […]
Starbucks gets a price target cut after a brutal quarterly miss and light guidance
Starbucks shares plummeted Tuesday evening by roughly 11.5% after the coffee giant delivered a much weaker-than-expected quarter. The company also cut its outlook for fiscal 2024, leaving little room for […]
PepsiCo earnings beat estimates but product recalls, weaker lower-income consumer hurt U.S. sales
PepsiCo on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations, despite weaker U.S. demand caused by Quaker Oats recalls and backlash to higher prices for its drinks and snacks. Shares […]
Denver and its craft breweries embrace nonalcoholic beer, spirits
Denver Beer Co. Courtesy: Denver Beer Co. This story is part of CNBC’s new quarterly Cities of Success series, which explores cities that have been transformed into business hubs with […]
Gatorade enters new categories — even unflavored water — as competition to hydrate consumers ramps up
As Gatorade approaches its 60th birthday, the brand is staying spry, branching out into new categories from unflavored water to energy drink mixes. Since its founding in 1965, Gatorade has […]
Danone CEO downplays threat of weight loss drugs on food producers: 'We see ourselves as extremely complementary'
Pots of Activia yoghurt, manufactured by Danone SA, sit on display. Bloomberg | Getty Images The CEO of French consumer goods giant Danone downplayed the threat of obesity drugs on […]