Coca-Cola Co

Ja Morant of the Memphis Grizzlies brings the ball upcourt during the game against the Los Angeles Lakers during Game Five of the Western Conference playoffs at FedExForum in Memphis, Tennessee, April 26, 2023.Justin Ford | Getty ImagesThe National Basketball Association suspended Ja Morant for 25 games after the Memphis Grizzlies star brandished a gun on a live video for the second time, the league said Friday.Morant's suspension will take effect at the start of the upcoming season. The NBA said Morant will have to meet…

A rendering of the Heinz Remix dispenserSource: Kraft HeinzFor more than 125 years, Heinz bottles have touted "57 varieties," a number completely made up by its founder with little to no real-life application.Now, Kraft Heinz wants to offer customers more than three times that number of condiment options through a new customizable sauce dispenser, created for food-service clients.The machine, called the Heinz Remix, is the latest example of Kraft Heinz leaning into its away-from-home segment to grow sales. The company has…

Prebiotic soda maker Olipop is set to cross $200 million in annual sales this year, just five years after it arrived on grocery store shelves.Founder and CEO Ben Goodwin said beverage giants PepsiCo and Coca-Cola have already come knocking. But he's not interested in cashing out just yet."Right now, my focus is on blowing business through the roof," Goodwin told CNBC.Coke and Pepsi didn't respond to requests for comment from CNBC.Olipop is on target to more than double its sales this year. The startup presents itself as a…

McDonald's customers are pushing back against higher prices in some markets and adding fewer menu items to their orders, CEO Chris Kempczinski said Tuesday.Shares of McDonald's fell slightly Tuesday, but the stock hit a new 52-week high. McDonald's is up about 10% so far this year.Kempczinski's comments come as consumer companies report mixed reactions to higher prices during the first quarter. For example, Coca-Cola saw a muted reaction to demand as it kept raising prices on its drinks. Rival PepsiCo, on the other hand,…

A pedestrian passes a Coca-Cola delivery truck in Mexico City, Mexico, on Wednesday, Jan. 25, 2023.Jeoffrey Guillemard | Bloomberg | Getty ImagesCoca-Cola is expected to report its first-quarter earnings before the bell on Monday.Here's what Wall Street analysts surveyed by Refinitiv are projecting the company to report:Earnings per share: 64 centsRevenue: $10.8 billionLike many consumer companies, the beverage giant has been raising prices to mitigate the impact of inflation. But consumers have begun cutting back their…

A package of Tyson Foods Inc. chicken is arranged for a photograph in Tiskilwa, Illinois.Daniel Acker | Bloomberg | Getty ImagesTyson Foods will close two chicken plants in May, affecting nearly 1,700 employees."While the decision was not easy, it reflects our broader strategy to strengthen our poultry business by optimizing operations and utilizing full available capacity at each plant," Tyson said in a statement to CNBC.In its latest quarter, Tyson's chicken business underperformed expectations as its operating income…

IOC executive board member Angela Ruggiero attends the Medal Ceremony on day six of the PyeongChang 2018 Winter Olympic Games at Medal Plaza on February 15, 2018 in Pyeongchang-gun, South Korea.Alexander Hassenstein | Getty ImagesFor four-time Olympian and gold medal-winning ice hockey star Angela Ruggiero, pushing for more media attention and sponsorship dollars for women's sports comes naturally.During her playing days and her stint as the chairperson of the International Olympic Committee Athletes' Commission, she got…

Grace Cary | Moment | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.U.S. inflation is starting to bite again. But stocks mostly shrugged it off.What you need to know todayJanuary's U.S. consumer price index rose 0.5%, higher than the 0.4% forecast by economists. On a year-over-year basis, prices increased 6.4%, compared with…

Vita Coco water.Tim P. Whitby | Getty ImagesFor nearly two decades, Vita Coco has sold its coconut water to health-conscious consumers as a fresh way to hydrate. This year, it's changing the pitch.The beverage company is pushing its namesake brand into new use cases and occasions, partnering with Diageo on a canned cocktail and marketing the drink as a hangover aid.Co-founder Mike Kirban compared Vita Coco's transformation to that of Ocean Spray, the agricultural cooperative that sells cranberry products."Ocean Spray is a…

U.S. egg prices jumped by two to three times in January.Fatih Aktas | Anadolu Agency | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.U.S. inflation is starting to bite again. But stocks mostly shrugged it off.What you need to know todayJanuary's U.S. consumer price index rose 0.5%, higher than the 0.4% forecast by economists.…