Anheuser-Busch Buys Majority Stake in BeatBox RTD Brand
Anheuser-Busch acquires 85% of BeatBox, a fast-growing ready-to-drink beverage brand, for up to $490M to expand its Beyond Beer portfolio with bold Party Punch flavors.
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#Consumer Staples↓
Kroger Lowers Sales Forecast Amid Intense Grocery Competition
Kroger cuts 2025 sales outlook to 2.8-3% growth as budget-conscious shoppers trade down and competitors slash prices. Stock falls 7% despite beating profit expectations.
Dollar General Raises 2025 Outlook as Budget Shoppers Boost Sales
Dollar General increases full-year profit forecast to $6.30-$6.50 per share after strong Q3 performance, benefiting from consumers seeking value amid economic uncertainty.
P&G Warns of Sharp US Sales Drop as Consumer Spending Weakens
Procter & Gamble reports significant October sales decline in the US, signaling potential holiday season challenges as consumers pull back spending amid economic uncertainty.
Beyond Meat Stock Surges on Heavy Call Options Trading Activity
Beyond Meat shares jump as traders pile into call options, with over 200,000 contracts traded. The stock shows renewed speculative interest despite recent declines.
Argus Upgrades Herbalife to Buy, Sees Growth Ahead
Argus upgrades Herbalife to Buy with a $15 target, citing strong Q3 results, improved EPS forecasts, and new products driving 2025 revenue growth.