Coca-Cola Co. reports strong Q2 earnings
ATLANTA Coca-Cola Co. reported a strong set of results during the second quarter 2009, with strong worldwide unit case volume growth of 4% in the quarter and 3% year-to-date.
Coca-Cola Co. attributes their results to their Open Happiness campaign, which caused global volume and value share gains amongst most key markets and categories.
“We continue to deliver solid operating performance,” said Muhtar Kent, Coca-Cola Co.’s chairman and CEO. “In the first half of the year, we delivered volume and profit results in line with our long-term growth targets, despite very challenging global economic conditions. We outperformed the nonalcoholic ready-to-drink industry in most of our key markets and drove further global volume and value share gains. And, with our disciplined approach to productivity initiatives, we remain on track to achieve our $500 million target in annualized savings by 2011 and expect to deliver more than half of the savings by the end of this year.”
Sunsweet introduces its new Philippine Pineapple
YUBA CITY, Calif. Sunsweet Growers presents its Philippine Pineapple, the latest addition to its dried-fruit line.
Unlike other brands, Philippine Pineapple is grown in elevated regions of the Phillippines, ranging from 2,000 ft. to 3,000 ft. The cooler temperatures add moisture to the product, making it an ideal location for growth.
“People are searching for healthy snacking alternatives and dried fruit is a treat that’s always smart to eat,” said Steve Harris, VP of marketing at Sunsweet Growers. “Not only is Philippine Pineapple great for a quick and convenient snack, it really does satisfy the most serious sweet tooth!”
Philippine Pineapple is now available at major retailers nationwide in a 6-ounce resealable bag for $3.99.
Two top bread brands return to the market after almost two years
IRVING, Tex. After a nearly two-year hiatus, two of the top sellers in breads are making their way back into retailers throughout the Southern California market, according to Interstate Brands Corp., the baker of both breads.
Before the two-year production pause, Home Pride was renowned as the best selling brand of premium white bread and everyday wheat bread; and Wonder, the No. 1 brand of white bread in the nation, was also amongst the top sellers in Southern California.
To kick off the reintroduction, IBC has offered to donate 5,000 loaves of bread to the San Diego Food Bank, as well as the Los Angeles Regional Food Bank, to support their missions of providing food to people in need.
IBC also announced that its new Nature’s Pride bread, the first brand of 100% natural bread available nationwide, has expanded its west coast distribution and is now sold throughout Southern California.
“Today marks an exciting day for IBC, our union employees and management team, our wonderful retail partners and the scores of loyal Southern California consumers who spoke up, made their voices heard and urged us to bring back their favorite breads,” said Mark Walsh, SVP and general manager of IBC’s California business unit. “With a successful restructuring now behind us, we are a stronger company with a revamped cost structure, which now enables us to respond to consumer demand and distribute our breads in an efficient, profitable way.”