PepsiCo US woes, Nestlé in India, Heineken Europe sales – Just Drinks' week in data [Yahoo! Finance]
Diageo plc (DEO)
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Source: Yahoo! Finance
This week Heineken noted damp consumer confidence in Europe as it released its first-quarter results, while Nestlé announced plans to launch Nespresso coffee in India. In the US, Hawaiian rum producer Kuleana Rum Works touted the potential for premium rums while PepsiCo's volumes continue to falter in the country. PepsiCo US woes continue PepsiCo's North America drinks volumes slid in its first quarter but CEO Ramon Laguarta this week insisted he was “feeling good” about potential for margin expansion and profitable growth. The Mountain Dew brand owner's PepsiCo Beverages North America (PBNA) division saw volumes fall 5% in the opening quarter of the financial year, following a weak finish to last year Speaking to analysts during an earnings call this week , Laguarta hinted at potential disposals to ensure profitability. “We're making choices in PBNA in terms of making sure that we deliver profitable growth... emphasising the parts of the portfolio where there is a better
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