Coffee and Tea
Search documents
New Strong Sell Stocks for Nov. 7
ZACKS· 2025-11-07 10:56
Group 1 - DraftKings Inc. (DKNG) has been added to the Zacks Rank 5 (Strong Sell) List, with a 22.1% downward revision in the consensus estimate for its current year earnings over the last 60 days [1] - Farmer Bros. Co. (FARM) is also on the Zacks Rank 5 (Strong Sell) List, experiencing a 7.3% downward revision in the consensus estimate for its current year earnings over the last 60 days [1] - Golden Entertainment, Inc. (GDEN) has seen a 16.2% downward revision in the consensus estimate for its current year earnings over the last 60 days, and is included in the Zacks Rank 5 (Strong Sell) List [2]
US private-label coffee maker FreshBrew buys branded assets from White Coffee
Yahoo Finance· 2025-10-15 11:30
Core Insights - FreshBrew has acquired the branded coffee licensed division of White Coffee, enhancing its position in the coffee industry [1][3] - The acquisition includes a portfolio of licensed bagged coffee and K-Cup lines, along with multiple licenses for development and marketing [1][2] - FreshBrew aims to scale production to approximately 150,000 pounds of coffee per day following the acquisition [2] Company Overview - FreshBrew is described as one of the largest private-label coffee and tea roasters in the US, serving retail and foodservice sectors [3] - White Coffee, founded in 1939, is based in Long Island City, New York, and has partnerships with notable clients such as Mars and Diageo [4] Strategic Implications - CEO Al Ansari emphasized that the acquisition strengthens FreshBrew's capabilities and diversifies its customer base, presenting a rare opportunity for growth [3] - The deal ensures the continuation of White Coffee's legacy of quality and care in the coffee industry, as stated by Carole White, president of White Coffee [4]
JDE Peet’s share buyback periodic update June 2, 2025
Globenewswire· 2025-06-02 12:00
Group 1 - JDE Peet's has repurchased 21,765 shares from May 26, 2025, to May 30, 2025, at an average price of EUR 23.41 per share, totaling EUR 0.5 million [1] - The total number of shares repurchased under the buyback program to date is 3,668,535 ordinary shares for a total consideration of EUR 68.6 million [2] - The share buyback program is part of a larger EUR 250 million initiative announced on March 3, 2025 [1][2] Group 2 - JDE Peet's is the world's leading pure-play coffee and tea company, serving approximately 4,400 cups of coffee or tea per second [3] - The company operates in over 100 markets with a portfolio of over 50 brands, including L'OR, Peet's, Jacobs, and Douwe Egberts [3] - In 2024, JDE Peet's generated total sales of EUR 8.8 billion and employed more than 21,000 employees globally [3]
JDE Peet’s on track to achieve 2025 outlook with solid Q1 progress; Rob de Groot proposed for appointment to JDE Peet’s Board.
Globenewswire· 2025-05-08 06:00
PRESS RELEASE Amsterdam, May 8, 2025 JDE Peet's (EURONEXT: JDEP), the world's leading pure-play coffee company, today provided an interim update on its year-to-date business and financial performance and proposes the appointment of Mr. Rob de Groot as non-executive member of the Board of the Directors. Strategic Review Update Proposal to appoint non-executive member to JDE Peet's Board of Directors JDE Peet's Board of Directors (the Board) proposes the appointment of Mr. Rob de Groot as non-executive member ...