American cane-sweetened Cokes are on the way, risking a boost in demand for a type of sugar US farmers can’t fully supply and is critically vulnerable to Trump-era tariffs https://t.co/M2MgNZgElb ...

图片来源：润田 出品｜搜狐财经 作者｜刘相君 这位网名"暴躁十亿姐"的账号简介显示："江西润田上市公司创始人老板娘，两个女儿的妈妈2015年创始酩媛护肤品牌，家中还有两家准上市企业"深圳秦沃 与深圳汉朔建元"爱老公爱女儿爱事业，生命不息，创业不止。" 视频出镜人是魏苗苗，自述是润田创始人黄安根现任妻子，同时发布多条"炸裂"言论："我老公结婚四次生了五个孩子，我给他生俩，很多人说你老公早晚 还得找，但是我这个婚我还真离不了，我要熬到我女儿继位为止。" 除了自曝"家丑"，魏苗苗还发布多条视频评价"卖水同行"娃哈哈近期的内斗事件："我老公和宗庆后一样卖水的，卖水的人那是赚钱的人，都是老婆多、孩 子多的"，她还称"我们家大女儿也是小宗馥莉，也按照同款宗馥莉培养"。 "我老公和宗庆后一样卖水的，卖水的人那是赚钱的人，都是老婆多、孩子多的"魏苗苗面对镜头说出这句话时，嘴角带笑。 她的丈夫黄安根是江西润田矿泉水创始人，四段婚姻五个孩子，年龄大她整整26岁。就在娃哈哈宗氏内斗席卷热搜之际，这位润田前老板娘突然空降舆论 场，将"家丑"转化为流量武器——老公与宗庆后同属饮用水行业，她更放言要把女儿培养成"下一个宗馥莉"。 当公众 ...

Coca-Cola (NYSE: KO), one of Warren Buffett’s long-standing investments, holds a bullish rating from Wall Street, with analysts anticipating further upside for the beverage giant.According to TipRanks, 18 analysts have rated KO stock a ‘Strong Buy,’ with 17 assigning a ‘Buy’ rating and only one opting for a ‘Hold.’ Notably, there are no ‘Sell’ ratings.The bullish sentiment is backed by an average 12-month price target of $79.50, implying a 14.13% upside from Coca-Cola’s current price of $69.66. Analyst fore ...

Core Viewpoint - Since July 17, the stock price of Nongfu Spring has risen for four consecutive trading days, recovering its market value to pre-controversy levels [1][3]. Market Performance - The total market capitalization of Nongfu Spring has returned to 500 billion HKD, reaching a new high of 510 billion HKD on July 22, with a stock price of 45.25 HKD per share [2]. - From April 8 to July 22, the stock price increased by over 42%, adding 144 billion HKD to its market value, with the controlling shareholder Zhong Shanshan's holdings increasing by approximately 120 billion HKD [2]. - In 2024, Nongfu Spring's stock price had previously halved to 23.04 HKD, resulting in a market value of only 259.1 billion HKD, reflecting a 23.4% decline throughout the year [2]. Leadership Changes - Zhong Shanshan, the chairman, has become more public-facing, engaging with media and stakeholders to restore confidence in the brand [4][5]. - He has made several public appearances and statements addressing market challenges and defending the brand's pricing strategy [5][7]. Financial Performance - In 2024, Nongfu Spring reported total revenue of 42.896 billion CNY, a slight increase of 0.54%, and a net profit of 12.123 billion CNY, which was nearly flat compared to the previous year [7]. - The gross profit margin decreased by 1.4 percentage points to 58.8%, influenced by promotional activities and rising raw material costs [8]. Water Business Challenges - The bottled water segment faced significant challenges, with revenue dropping by 4.31 billion CNY, a decline of 21.3% compared to 2023 [12]. - The market share of Nongfu Spring's bottled water products has been declining, with the revenue contribution from the water business shrinking from 47.5% to 37.2% in 2024 [13]. Product Strategy - In response to market pressures, Nongfu Spring launched a green bottle version of purified water, aiming to compete on price, with some products priced as low as 8.9 CNY for a pack of 12 [10][11]. - The company has also expanded its tea beverage offerings, with products like "Dongfang Shuyue" achieving significant revenue growth, compensating for the decline in the water segment [16]. Collaborations and Innovations - Nongfu Spring has increased collaborations with Sam's Club, launching various new products and leveraging the retailer's strong market presence [17][19]. - The company is exploring new product categories, including carbonated tea drinks and plant-based beverages, to capture market interest [17][20]. Market Trends - The non-sugar tea beverage market has seen rapid growth, with Nongfu Spring capturing over 70% market share in the second quarter of 2024 [20]. - However, the overall growth rate of the tea beverage segment has begun to slow, indicating a shift in market dynamics [20][21].

作为中泰建交50周年的纪念之作，"if茉莉香米味椰子水"采取限量发售策略，仅在中国大陆地区独家上 市，消费者可通过IF品牌线上旗舰店(天猫、京东、抖音)及指定头部零售商(包括华润万家、永辉、胖东 来、昌大昌、壹加壹、嘉荣、一本零食(佛山市的一本零食))购买。此外，该产品也面向政府机构、驻华 使领馆渠道特供，不仅凸显了其独特性与稀缺性，更体现品牌对于中国消费者的专属诚意。 推出这款限量纪念饮品的IFBH，是一家立足泰国的即饮饮料与即食食品企业，主要通过if和Innococo双 品牌布局。以零售额计，公司连续5年在中国内地椰子水饮料市场位居首位，超越第二大竞争对手七倍 以上，香港市场份额更高达60%。近年来，IFBH在聚焦中国这一高潜力市场的同时，持续拓展国际市 场，截至2024年12月31日，公司的分销网络已覆盖全球23个国家及地区，包括新加坡、台湾、澳洲及美 国，市场影响力不断提升。 2025年7月，是中泰两国正式建立外交关系50周年。值此重要历史节点，泰国天然饮品品牌IF母公司 IFBH(6603.HK)倾情推出一款融合两国文化精髓的特别产品——"if茉莉香米味椰子水"，作为一份致敬 中泰友谊、传递东方文化 ...

Core Insights - Coca-Cola reported Q2 2025 results with adjusted earnings per share (Non-GAAP) of $0.87, exceeding analyst estimates by $0.04, while GAAP revenue was $12.54 billion, slightly below the $12.57 billion consensus [1][2] - The company demonstrated solid profitability and brand strength despite challenges in sales volumes and increased cash flow volatility due to a major acquisition payment [1] Financial Performance - Adjusted EPS (Non-GAAP) increased by 3.6% year-over-year from $0.84 in Q2 2024 [2] - GAAP revenue grew by 1.5% year-over-year from $12.36 billion in Q2 2024 [2] - Operating margin (GAAP) improved significantly to 34.1%, up from 21.3% in Q2 2024, attributed to higher pricing and cost control [2][5] - Free cash flow (Non-GAAP) was negative at ($2.14 billion), a decline of $5.46 billion year-over-year, primarily due to a $6.1 billion contingent payment related to the acquisition of fairlife [2][10] Business Overview - Coca-Cola operates in over 200 countries, offering a diverse portfolio of nonalcoholic beverages, including sparkling soft drinks, juices, water, and coffee [3] - The company focuses on product innovation, particularly in low and no-sugar options, to adapt to changing consumer preferences and health trends [4] Operational Developments - Organic revenue (Non-GAAP) rose by 5%, driven by a 6% global increase in price/mix, despite a 1% decline in worldwide unit case volume [6] - In North America, net revenue increased by 3%, but unit case volume declined by 1%, with specific product lines like Coca-Cola Zero Sugar showing double-digit growth [7] - EMEA region experienced a 3% increase in unit case volume, while Latin America saw a 2% decline [8] Future Outlook - For fiscal 2025, Coca-Cola projects organic revenue growth between 5% and 6% and adjusted EPS growth of around 3%, with currency impacts expected to reduce EPS growth by about 5% [11] - Free cash flow (excluding the fairlife payment) is forecasted to reach $9.5 billion, with an increase in the effective tax rate from 18.6% in 2024 to an estimated 20.8% in 2025 [11]

Core Viewpoint - The beverage sector is entering a sales peak with the arrival of summer heat, and the company is advised to focus on competitive evolution and new product trends [1] Competitive Landscape - Since 2025, competition in the packaged water industry has eased year-on-year, with the company regaining market share after the impact of public events subsided [1] - The sugar-free tea market remains competitive, but the company has seen a slight increase in market share through its 1 yuan promotional activities [1][2] - The company is reallocating its marketing expenses, reducing subsidies for green bottle purified water while maintaining stable expenses for ready-to-drink tea [2] New Product Development - The company is increasing investment in NFC juice and has partnered with emerging channels like Sam's Club and Pang Donglai [1] - New products such as iced tea (carbonated tea) featuring "real tea, real lemon" have been launched [1] Profitability Outlook - The industry is expected to benefit from cost advantages in 2025, with key raw material prices remaining low, positively impacting the company's gross margin [2] - The company anticipates a year-on-year reduction in expense ratios, particularly in the packaged water segment [2] Long-term Growth Potential - The company is recognized as a relatively scarce platform enterprise in the soft drink sector, with a focus on consumer education and strategic sourcing for its packaged water business [3] - There is potential for increased penetration of sugar-free tea in lower-tier markets, supported by strong product and brand capabilities [3] - The company is also investing in high-concentration NFC juice to capture market share and is exploring opportunities in coffee and health-oriented water products [3] Earnings Forecast and Valuation - The company expects a recovery in packaged water revenue and continued growth in sugar-free tea, with an upward revision of earnings forecasts for 2025-2027 [3] - Projected EPS for 2025-2027 is 1.29/1.45/1.59 yuan, reflecting a 4% increase from previous estimates [3] - The target price is set at 53.59 HKD, based on a 38x PE ratio for 2025, indicating a premium valuation due to the company's strong market position [3]

Coca-Cola plans to introduce a version of its namesake cola made with cane sugar in the U.S. this fall, the company announced on Tuesday. In a news release announcing its second-quarter earnings Tuesday, Coke said the new product offering is “designed to complement the company’s strong core portfolio and offer more choices across occasions and preferences.” ...

Core Viewpoint - Coca-Cola will introduce a cane sugar-sweetened version of its flagship drink in the US, responding to consumer preferences and discussions with Donald Trump, who advocates for this change [1][2][3]. Product Launch - A new version of Coca-Cola made with US cane sugar will be available later this year, complementing the existing product line in the US [3]. - The initiative reflects Coca-Cola's strategy to expand its product range to meet consumer interest in differentiated experiences [4]. Consumer Preferences - The cane sugar version is often referred to as "Mexican Coke" in the US, as it has been imported from Mexico, where it is sweetened with cane sugar [5]. - Many consumers, including Trump, believe that the Mexican version tastes better than the US version made with high-fructose corn syrup [1][5]. Corporate Response - Coca-Cola's chairman and CEO, James Quincey, acknowledged the president's enthusiasm and emphasized that the new product aims to offer more choices to consumers [4]. - The company has not confirmed specific details about the product launch but indicated that more information would be shared soon [2][3]. Health Considerations - The Trump administration's MAHA initiative has encouraged food companies to reformulate products to remove certain ingredients, including high-fructose corn syrup, which has been linked to health issues [6]. - Despite taste preferences, the health impacts of cane sugar and high-fructose corn syrup are reported to be similar [7].

Core Insights - The Coca-Cola Company reported second-quarter 2025 results with earnings per share (EPS) exceeding estimates, while revenues fell short of expectations, indicating mixed performance [1][4] - Year-over-year improvements in revenues and EPS were driven by strong business momentum and enhanced pricing strategies [1][6] Financial Performance - Comparable EPS for Q2 2025 was $0.87, a 4% increase from the previous year, surpassing the Zacks Consensus Estimate of $0.83 [2][6] - Revenues reached $12.54 billion, reflecting a 1% year-over-year growth but missing the consensus estimate of $12.59 billion [3][6] - Organic revenues increased by 5% year over year, with growth across all segments except Bottling Investments [3][12] Volume and Pricing Analysis - Concentrate sales declined by 1% year over year, while price/mix improved by 6%, benefiting from pricing actions and a favorable mix [7][8] - Total unit case volume also fell by 1% year over year, with declines in key markets like Mexico, India, and Thailand [8][9] Segment Performance - North America and Asia Pacific reported a 3% revenue increase, while EMEA saw a 5% rise; however, Latin America and Bottling Investments experienced declines of 4% and 8%, respectively [12] - Organic revenue growth was notable in Latin America (13%) and North America (3%), while Bottling Investments saw a 2% decline [12] Margin Analysis - Operating income surged by 63% year over year to $4.28 billion, with a comparable operating income increase of 8.5% to $4.38 billion [13] - The operating margin expanded significantly to 34.1%, up from 21.3% in the prior year, indicating strong cost control and pricing strategies [14] Guidance for 2025 - The company reiterated its organic revenue growth guidance of 5-6% for 2025, with an updated EPS outlook reflecting a 3% growth from the previous year [15][17] - Comparable currency-neutral EPS is expected to rise by 8% year over year, with anticipated currency headwinds of 5% [17][18]