News for food business professionals


Coke Turns In Strong 2nd Q Financials, Paints Rosier Growth Picture

Coca-Cola reported healthy second-quarter 2019 results, as earnings and sales beat Wall Street estimates. Shares were up five percent in morning trading after the company raised its revenue forecast; Coke now expects organic revenue growth of five percent rather than four percent. Second-quarter earnings of 63 cents a share beat the Zacks consensus of 62 cents. The bottom line also improved four percent from the year-ago period, driven by a focus on consumer-centric innovation, solid core brand performance, and improved execution in the marketplace. Currency translations negatively impacted earnings by nine percent. Revenues of $9.997 billion also surpassed consensus estimates and increased six percent year over year. Organic revenues grew six percent. The company raised its revenue forecast, after noting that concerns about economic uncertainty had faded. “We saw some clouds on the horizon, too,” CEO James Quincey said. “But the storm never arrived, so by sticking to our plan, by executing against our strategy, we’ve been able to deliver stronger momentum than even we were expecting.”[Image Credit: © THE COCA-COLA COMPANY]

100% Valvert rPET Bottle In Belgium Extends Nestlé’s Use of Recycled Plastic

Nestlé Waters’ natural mineral water brand, Valvert in Belgium, has introduced a new bottle from 100% recycled PET, It’s the company’s first 100% rPET bottle in Europe. The brand launched a 100% 150cl rPET bottle and a 50% 50cl rPET bottle, with the aim of making the smaller bottle entirely from rPET by the end of the year. In 2018, Nestlé Pure Life launched 100% rPET bottles in North America, and the US spring water brand Poland Spring says it will convert its packaging to recycled plastic by 2021.[Image Credit: © Nestlé]

McDonald’s UK & Ireland Makes Further Plastic Use Reductions

The McFlurry’s ice cream range at McDonald’s in the UK and Ireland will be sold without the single-use plastic lids from September this year. McDonald’s will also use 100% renewable and recyclable cardboard packaging for all main meals and side salads, replacing the plastic containers. The cardboard will contain 50% recycled content. The company says that the changes will reduce plastic waste by nearly 500 million tonnes a year. Its global commitment is to use only renewable or recycled packaging by 2025 and it has started replacing plastic straws with paper straws. [Image Credit: © McDonald's]

Aldi UK Replaces Plastic Checkout Bags With Paper Or Compostable Options

Aldi in the UK will from July this year replace plastic bags in half of its stores with paper bags, and biodegradable bags at the other half. After the trial, Aldo will choose the most popular. The Bioplast 100% compostable bags will cost 6p. Aldo is charging 19p for the paper bags. [Image Credit: © Aldi Stores Limited]

Coca-Cola In Belgium Asks Consumers Not To Buy Its Products Unless It Plans To Recycle Them

Coca-Cola in Belgium is trying an ambitious approach to raising awareness of the need to recycle plastic, with a summer campaign that asks consumers not to buy Coke products if they aren’t willing to help the company recycle. Some 85% of Coca-Cola packaging in the country is currently recycled, but the company says this rate is not high enough. The campaign is also being adopted in the Netherlands, on TV ads as well as activations in towns and at festivals. Although the campaign ends in September, it will be incorporated in other advertising.[Image Credit: © The Coca-Cola Company]
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