Top Food & Beverage Companies Announce 2019 Earnings Reports

SARASOTA, Fla., February 11, 2020 (Newswire.com) - ​Three major food and beverage companies will release their 2019 earnings reports the week of Feb. 10, 2020. Molson Coors Beverage Company (TAP) will release their earnings report on February 10, Coca-Cola Co. (KO) on February 12, and PepsiCo Inc. (PEP) on February 13. With a combined total market cap of over 450 billion, these companies represent some of the largest, most prominent food and beverage companies in the industry.

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products in the United States, Canada, Europe, and internationally. Last month, Molson Coors recently acquired its first craft brewery in four years, purchasing Atwater Brewery of Detroit. Under the new leadership of CEO Gavin Hattersley, company officials believe the acquisition represents a strategic shift in priorities towards diversifying its portfolio to feature premium beverages from independent breweries as well as non-beer alternatives.

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide and is headquartered in Atlanta, Georgia. In January, The Coca-Cola Foundation and the Benioff Ocean Initiative at the University of California Santa Barbara’s Marine Science Institute recently entered into a partnership, announcing $11 million in funding to clean up rivers and oceans, in addition to developing innovative solutions to combating the plastic crisis. The partnership highlights The Coca-Cola Foundation’s commitment to global change through cutting-edge technology, behavioral change and outreach.

Founded in 1898 and headquartered in Purchase, New York, PepsiCo, Inc. operates as a food and beverage company worldwide. The company made headlines last month, announcing its switch to 100% renewable electricity for its U.S. operations starting later this year. The move is part of its goal to cut 20% of its greenhouse gas emissions by 2030, eliminating an estimated half-million metric tons of emissions per year.

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Source: Newswire