Sept. 18 - Coca-Cola eyes cannabis-infused drinks | General Mills' North American sales slide
2 months ago
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General Mills posts sales gains even as its North American business lags; It's still summer, but consumers are falling for pumpkin spice; Quaker Oats aims to heat up oatmeal sales by touting health; Tyson CEO Tom Hayes to step down
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| Sept. 18, 2018
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The soda maker and Aurora Cannabis are reportedly in talks to develop the drinks. A deal would follow major investments in the space by alcohol giants such as Constellation Brands and Molson Coors.
Sales in the division, which drives most of the food manufacturer's revenue, fell $2.1% to $2.39 billion as U.S. snacks, yogurt and meals and baking all declined during the first quarter.
It may be early in the season, but sales of food and drinks infused with the flavor are already up nearly 10%, and more than 7% in volume from the same time last year.
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Executives at PepsiCo found they can't just assume consumers know the popular breakfast staple is good for them, prompting the food and beverage company to do more to promote the product's benefits to shoppers.
Hayes will depart at the end of the month due to personal reasons, the company announced Monday. Noel White, the company's current beef, pork and international group president, will succeed him.
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