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Beverages/Soft Drinks & Alcoholic: Matthew Reilly, Morningstar, Inc.
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Outlook for Beverages: Alton Stump, Longbow Research
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Beverages/Soft Drinks & Alcoholic: Lauren Torres, HSBC
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CEO Interviews (average 2,500 words): Top management from 3 sector firms examine the outlook for their firm and sector. Firms interviewed include: Corby Distilleries Limited, Drinks Americas Holdings, Ltd., Pyramid Breweries Inc.
Topics covered: Beverage companies performance - Special situations - Volumes - Price increases - Cost inflation in aluminum and corn syrup - Declining soft drink volumes - Strong growth in most non-carbonated segments - High commodity costs of beer - Consumers drinking less domestic beer - Incremental volume and profit growth opportunities in non-carbs - Diversified product mixes - US and Mexican brewers
Companies covered: PepsiCo (PEP), Coca-Cola (KO), PepsiAmericas (PAS), Hansen (HANS), Anheuser-Busch (BUD), Molson Coors (TAP), Grupo Modelo, FEMSA (FMX), Coca-Cola FEMSA (KOF), AmBev (ABV), Diamond Foods (DMND), Cott (COT), Brown-Forman (BFB), Constellation Brands (STZ) and Cadbury-Schweppes (CSG).
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