11/23/2023 0 Comments Body armour drink stockInstacart Confirms Raises IPO Pricing Target to $28-$30 a ShareĬarrefour sticks price warnings on food to shame suppliersĪNALYST RECOMMENDATIONS : Apple, Progressive, Mondelez, Pepsico. (Reporting by Uday Sampath and Deborah Sophia in Bengaluru Editing by Shinjini Ganguli)Ĭanada's warning of new taxes on top grocers may not lower food inflation - analysts PepsiCo has even said it has had to deal with a shortage of Gatorade bottles. The deal comes as Coca-Cola and rival PepsiCo face immense supply chain bottlenecks, forcing the companies to raise prices to counter higher freight and raw material costs. 2 position in an attractive category".Ĭoca-Cola, which had first acquired a 15% stake in BodyArmor in 2018, said the brand's co-founder Mike Repole will stick around after the deal to advise on the marketing and packaging of products.Īt the time Coca-Cola took its initial stake, BodyArmor was valued at $2 billion, according to a Sunday Wall Street Journal report. However, Boylan believes the massive deal would only "give Coke a solid No. It's a nice premium brand that has opportunity for expansion over time," Edward Jones analyst John Boylan said about BodyArmor that gained popularity after basketball star Kobe Bryant backed it in 2013. "It gives Coke a strong stable of products in the rapidly growing sports hydration category. The deal, which values BodyArmor at about $6.59 billion, is Coca-Cola's largest for a single brand It comes about three years after the company bought British coffee chain Costa for $5.1 billion.īodyArmor, which markets itself as electrolyte-filled energy recovery drink for athletes, currently makes about $1.4 billion in annual retail sales and has a 50% growth rate, Coca-Cola said. ![]() ![]() The deal marks a shift in strategy for the world's largest beverage maker after it spent the last year offloading or discontinuing brands, including its own energy-drink brand, to focus on Coca-Cola sodas.
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