beverages

Molson Coors Beverage Co. will run at least one commercial during Fox’s Super Bowl broadcast in 2023, marking the first time in more than 30 years that the maker of Coors Light and Miller Lite beer has advertised in the game.The company’s re-entry comes after Budweiser brewer Anheuser-Busch said last month that it would give up its long-running exclusive rights to advertise alcohol during the Super Bowl. Anheuser Busch, part of Anheuser-Busch InBev, remains the NFL’s exclusive beer and hard…

Amazon.com Inc. AMZN 0.21% has started drastically reducing the number of items it sells under its own brands, and the company has discussed the possibility of exiting the private-label business entirely to alleviate regulatory pressure, according to people familiar with the matter. Amazon’s private-label business, with 243,000 products across 45 different house brands as of 2020, has been a source of controversy because it competes with other sellers on its platform.…

U.S. stores are still struggling to stock baby formula despite monthslong efforts by manufacturers and the Biden administration to boost supplies.Availability of powdered formula products in U.S. stores earlier this month dropped to the lowest level so far this year, with about 30% of products out of stock for the week ended July 3, according to the market-research firm IRI. While availability improved slightly last week, out-of-stock levels remain higher than in recent months, and shortages remain acute in states…

Consumers are continuing to buy treats like soda and chips at rising prices, even as their pocketbooks get more squeezed by inflation. PepsiCo Inc. PEP 0.16% reported a 5.2% increase in revenue in the latest quarter from a year earlier, as prices on average rose 12% and the company benefited from strong sales of its snacks and packaged foods. “Unlike things like cars and houses and durable goods like washing machines, we’re just sort of an affordable treat, even when…

SPRINGDALE, Ark.— Tyson Foods Inc. TSN -2.28% has fallen behind competitors in the business it has long dominated: chicken.Tyson Chief Executive Donnie King said he is committed to fixing the nation’s largest chicken operation, which produces roughly one-fifth of the U.S. supply. The effort now faces a test, as profits from Tyson’s beef business are projected to decline this year from record levels, while the company has committed millions…

Starbucks said the quality issue that led it to pull a breakfast sandwich from its menu ‘would not lead to foodborne illness.’ Photo: Aleksander Kalka/Zuma Press…

Federal prosecutors failed for a third time to convict five chicken-company officials of allegedly conspiring to fix prices, dealing a blow to the Justice Department’s antitrust division and its efforts to rein in the meat industry.Jurors in a Denver federal court on Thursday evening acquitted all five defendants, who had been accused of illicitly coordinating among themselves what their companies would charge restaurant buyers. It was the third trial attempt by the Justice Department in its high-profile case against…

UnileverPLC said it has sold its Ben & Jerry’s business in Israel to the local licensee, seeking to end a controversy that has buffeted the company since last year, when the brand said it would stop selling its products in Jewish settlements located in the Israeli-occupied West Bank and contested East Jerusalem.The move is the latest development in a public rift between the ice-cream brand’s independent board and its corporate parent. It could relieve pressure Unilever has faced from politicians and investors over…

Unrelenting inflation is increasing pressure on restaurants and supermarket brands as they compete for increasingly price-conscious consumers, executives said.As prices climb on restaurant menus and grocery-store shelves, some packaged-food makers see more Americans making meals at home to save money, while restaurant operators are changing their offerings to cope. U.S. consumers this year are dealing with the steepest food inflation in over 40 years, as well as concerns over a possible recession. Unrelenting inflation…

CHICAGO—Beyond Meat Inc. is preparing to launch a sliced-steak product, expanding the company’s lineup of plant-based meat alternatives as it works to boost languishing sales.The California-based company plans to launch the steak product this year in retail stores and eventually in restaurants, Chief Executive Ethan Brown said Tuesday at The Wall Street Journal’s Global Food Forum. The sliced steak is intended to replicate whole pieces of meat, versus the company’s existing products that mimic sausages, tenders, burger…