INSIDER
PepsiCo raises 2023 profit expectations as price hikes offset falling sales volume
Read full article: PepsiCo raises 2023 profit expectations as price hikes offset falling sales volumePepsiCo saw lower demand for its drinks and snacks in the second quarter but higher prices continued to boost its bottom line.
Jason Carr: The things that made Saturday mornings so great
Read full article: Jason Carr: The things that made Saturday mornings so greatI feel bad for the youths of today. Who didnโt get to experience the joy of Saturday morning cartoons. The entire reason for existing in the late Seventies and early Eighties.
Nonprofit to provide more than 1,000 back-to-school supplies for Metro Detroit students, COVID vaccinations
Read full article: Nonprofit to provide more than 1,000 back-to-school supplies for Metro Detroit students, COVID vaccinationsMostyn Community Development is providing more than 1,000 back-to-school supplies for Metro Detroit students, including 150 free basketballs donated by the Detroit Pistons
The Weeknd to perform at Pepsi Super Bowl halftime show
Read full article: The Weeknd to perform at Pepsi Super Bowl halftime showThe NFL, Pepsi and Roc Nation announced Thursday, Nov. 12 that the three-time Grammy winner will perform at the 2021 Pepsi Super Bowl Halftime Show on Feb. 7 at Raymond James Stadium in Tampa, Florida. (Photo by Rob Grabowski/Invision/AP, File)LOS ANGELES โ The Weeknd will bring his popular falsetto vocals to the 2021 Pepsi Super Bowl Halftime Show. โWe all grow up watching the worldโs biggest acts playing the Super Bowl and one can only dream of being in that position,โ the singer said in a statement. This is an extraordinary moment in time and the Pepsi Super Bowl LV Halftime Show is going to be an extraordinary experience with an extraordinary performer.โRoc Nation and Emmy-nominated producer Jesse Collins will serve as co-producers of the halftime show. โWe are thrilled to have The Weeknd join us in Tampa Bay on the Pepsi Halftime Stage,โ said Brian Rolapp, the NFLโs chief media and business officer.
Beverage companies aim to get bottles recycled, not trashed
Read full article: Beverage companies aim to get bottles recycled, not trashedEvery year, an estimated 100 billion plastic bottles are produced in the U.S., the bulk of which come from three of America's biggest beverage companies: Coca-Cola, Pepsi and Keurig Dr Pepper. Through matching grants, municipal funds and private investors, the fund says it can triple the beverage companies' investment to around $400 million. Right now, only around 6% of U.S. bottles are made from recycled plastic, according to The Recycling Partnership. Pepsi wants 33% of its beverage bottles to be made from recycled material by 2025; Keurig Dr Pepper wants them in 30% of its packaging by 2025. The three beverage companies are looking at new ways to sell drinks.
Small cans resulting in big sales for Coca-Cola
Read full article: Small cans resulting in big sales for Coca-ColaThe company reported sales that topped forecasts, thanks in part to a double-digit increase in volume for its 7.5-ounce mini cans. The company also said that its Coca-Cola Zero Sugar brand posted double-digit sales growth. Coke changed the name of its Coke Zero product to Coca-Cola Zero Sugar a few years ago. The company said Friday that Coca-Cola Energy and Coca-Cola Energy Cherry will be available in the US in January and that there will be zero-calorie versions of them as well. Coca-Cola Energy debuted in Spain and Hungary earlier this year and the company said it is now available in more than 25 countries.
Pepsi's latest product: Water in a can
Read full article: Pepsi's latest product: Water in a canPepsi's plan to reduce plastic waste includes ditching plastic bottles for cans. The company said Friday that its Aquafina-brand water will soon be sold in aluminum cans at US fast food and restaurant chains beginning as soon as next year. "Tackling plastic waste is one of my top priorities and I take this challenge personally," PepsiCo CEO Ramon Laguarta said in a statement. The company said Bubly, its line of flavored sparkling water, will now only be offered in cans. Pepsi said it has committed to using only recyclable, compostable or biodegradable packaging by 2025, and it's pledged to make new plastic bottles using 25% recycled material.