7UP brings holiday cheer with seasonal flavor
PLANO, Texas Just in time for the holiday season, 7UP is reintroducing a seasonal favorite, Pomegranate 7UP, now with antioxidant vitamin E. Pomegranate 7UP Antioxidant is a perfect blend of natural pomegranate flavor and the crisp, clean, refreshingly bubbly taste of America’s original lemon-lime soft drink.
“With its natural pomegranate flavor and deep burgundy color, Pomegranate 7UP has become a festive hit during the holidays,” said Dave Falk, director marketing for 7UP. “Consumers have responded so favorably to Cherry 7UP Antioxidant, we’re now giving them Pomegranate 7UP Antioxidant.”
The new Pomegranate 7UP Antioxidant includes 10% of the recommended daily intake of vitamin E per 8-ounce serving. Perfect by itself or as a holiday mixer, Pomegranate 7UP Antioxidant is available in both regular and diet versions. Like all 7UP products, it is 100% naturally flavored and caffeine free. Pomegranate 7UP Antioxidant is available for a limited time only this holiday season in 2-liter bottles and 12-packs.
Kraft Foods seeks to reel in Cadbury; bid rejected
NEW YORK Kraft Foods again launched a hostile bid for British confectionary Cadbury, according to published reports.
Kraft Foods said Monday it offered a $16.3 billion hostile takeover bid, the same price it offered Cadbury in September. Cadbury rejected the bid Monday.
“Cadbury is an exceptional standalone business,” said Roger Carr, chairman of Cadbury, in a statement. “Kraft’s offer does not come remotely close to reflecting the true value of our company, and involves the unattractive prospect of the absorption of Cadbury into a low-growth conglomerate business model.”
Carr added that, “The repetition of a proposal which is now of less value and lower than the current Cadbury share price does not make it any more attractive. As a result, [the board] has emphatically rejected this derisory offer and has strengthened its resolve to ensure the true value of Cadbury is fully understood by all.”
Kraft did not increase its bid for Cadbury before taking the matter to shareholders.
Dr Pepper Snapple Group notes rise in EPS in Q3
PLANO, Texas Dr Pepper Snapple Group Thursday reported third-quarter 2009 earnings of $151 million, or 59 cents per share, a 30.5% increase from the year-ago period.
The beverage maker also reported that its earnings per share were 54 cents, compared with 45 cents last year, excluding separation-related costs and restructuring items. Year-to-date, the company reported earnings of $1.73 per share, a 42.9% increase over the prior-year period. Year-to-date earnings per share were $1.53, compared with $1.46 excluding distribution agreement changes, separation-related costs, and restructuring items.
For the quarter, however, reported net sales were down 4% to $1.4 billion. The company noted that pricing action taken this year, coupled with 4% volume growth were offset by higher sales of carbonated soft drink concentrate and value juices.
Reported income from operations was $272 million, compared with $213 million in the prior-year period.
DPS president and CEO Larry Young said, “While the economy is showing some signs of recovery, it’s still too early to see this translate into higher beverage sales. For the quarter, liquid refreshment beverage trends remained negative. Against this backdrop, we once again demonstrated the power of our portfolio and the flexibility of our routes to market, posting solid top-line and strong bottom-line growth. A year and a half into our life as a public company, we’re proud of what we have accomplished so far. Our priorities and strategies remain unchanged and continue to support long-term sustainable growth.”