AGP Executive Report
Last update: 12 hours agoMarket Watch: PepsiCo’s third-quarter revenue rose 5.6% to $25.27 billion, beating expectations as global snack volumes grew 4%. North American Frito-Lay volumes were flat and beverage volumes fell 2%. Foodservice Deal: Uber agreed to buy workplace catering platform ezCater for $2.3 billion, targeting corporate meal orders. Beverage Moves: Constellation Brands is acquiring sports-drink-inspired RTD brand SpikedAde for $75 million. Oddlygood is launching a limited-edition caramel-waffle oat barista drink in the UK, tapping demand for flavored coffee. Food Safety: Around 260 people reported illness after eating gimbap at a South Korean festival; authorities are investigating. Consumer Pressure: U.S. SNAP enrollment fell 13% by June compared with a year earlier, while food prices rose nearly 3%.
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