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Food Industry Financials: Surging Commodities, Coca-Cola, and more

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Food Industry Financials: Surging Commodities, Coca-Cola, and more

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Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: unemployment benefits, global debt, surging commodities, restaurant reservations, Coca-Cola (COKE), and more

Trending Economic News

More than 300,000 jobless people are getting cut off from extended unemployment benefits prematurely because of an outdated method used to determine who qualifies for aid. Benefits are automatically extended when jobless rates hit certain thresholds, but some states aren’t taking into consideration new programs created during the pandemic. Alabama, Maryland, and Minnesota are among states that have been most affected.

Central banks around the world continued to pour money into their economies despite a sharp rebound in global economic growth. ECB kept interest-rate at -0.5%, Japan at -0.1%, and U.S. at 0.25%. Brazil and Russia are among the very few countries that plan to cut back on borrowing. Total global debt reached an all-time high of $281 trillion at the end of 2020, and 2021 is expected to set new records.

Corn, soybeans, and wheat surged on Chinese demand. A drought in Brazil, a cold snap in the U.S., and dry soil in western Europe all led to higher commodities futures. Combined with worries about global food inflation and strong Chinese consumer demand, commodities prices are seen rising to new records.


Upcoming Economic Release

Forecast Previous
4/29/2021 GDP (Q1 est annualized) 5.0% 4.3%
4/30/2021 Personal income (Mar) 20.0% -7.1%
4/30/2021 Consumer spending (Mar) 3.8% -1.0%
4/30/2021 Consumer sentiment index (Apr) 86.5 84.9

Source: Bloomberg, CNBC, Trading Economics, The Conference Board, Food Institute

>> For more information on CPI/PPI and Retail Sales, go to Food Institute Economic Benchmarking.


Select Food & Beverage Industry Data Points

Restaurant Industry

Beverage Industry

See Also
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Coca-Cola reported Q1 2021 results on 4/19

  • Net Revenue: $9.0 billion (+5% vs. last year)
  • Operating Income: $2.72 billion (+9% vs. last year)
  • Operating Margin: 30.2% vs. 27.7% last year
  • Net Income: $2.25 billion (-19% vs. last year)

Key Takeaways:

  • Unit case volume remained flat, with strength in at-home channels being offset by coronavirus-related pressure in away-from-home channels
  • Business Segment Performance:
    • Sparkling soft drinks grew 4%
    • Nutrition, juice, dairy and plant-based beverages grew 3%
    • Hydration, sports, coffee, and tea declined 11%
  • New products launched focus around leveraging existing brands such as smartwater® and adding functional variants
  • Hard seltzer is also a potential growth area with the Topo Chico™ Hard Seltzer brand
  • Near to medium term growth is contingent upon the reopening of the foodservice sector

Earnings Calendar of Select Companies

Announce Date Company EPS Estimate Previous Quarter EPS
4/26/2021 J & J Snack Foods Corp (JJSF)  $                0.12  $                0.09
4/27/2021 Archer-Daniels-Midland Co (ADM)  $                1.05  $                1.21
4/27/2021 Starbucks Corp (SBUX)  $                0.53  $                0.61
4/27/2021 Mondelez International Inc (MDLZ)  $                0.69  $                0.67
4/28/2021 Yum! Brands Inc (YUM)  $                0.86  $                1.15
4/28/2021 Brinker International Inc (EAT)  $                0.78  $                0.35
4/28/2021 Pilgrims Pride Corp (PPC)  $                0.35  $                0.25
4/28/2021 Cheesecake Factory Inc (CAKE)  $               (0.08)  $               (0.32)
4/28/2021 Wingstop Inc (WING)  $                0.31  $                0.18
4/29/2021 Amazon.com Inc (AMZN)  $                9.48  $              14.09
4/29/2021 Restaurant Brands International Inc (QSR)  $                0.50  $                0.53
4/29/2021 Molson Coors Beverage Co (TAP)  $               (0.04)  $                0.40
4/29/2021 Hershey Co (HSY)  $                1.80  $                1.49
4/29/2021 Mcdonald’s Corp (MCD)  $                1.81  $                1.70
4/29/2021 Kraft Heinz Co (KHC)  $                0.59  $                0.80
4/29/2021 Keurig Dr Pepper Inc (KDP)  $                0.31  $                0.39
4/29/2021 Domino’s Pizza Inc (DPZ)  $                2.93  $                3.46
4/29/2021 Texas Roadhouse Inc (TXRH)  $                0.57  $                0.28

Source: Bloomberg, CNBC, Yahoo Finance, Food Institute

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