Debra Crew elevated to PepsiCo Americas Beverages president
PURCHASE, N.Y. — The president of PepsiCo’s Western Europe business has been given a new role.
The company said Debra Crew has been named president of PepsiCo Americas Beverages and will oversee PepsiCo’s Gatorade and Tropicana business in North America, its Latin America Beverages business, as well as the company’s North America warehouse sales organization and Beverage Growth Ventures Group. She will report to PepsiCo Americas Beverages CEO Al Carey and be based in Chicago. Sarah Robb O’Hagan, who had served as president of Gatorade, is leaving PepsiCo to pursue other opportunities.
"Debra is a highly respected executive within PepsiCo and I’m delighted to have her move into this critically important role," PepsiCo chairman and CEO Indra Nooyi said. "She brings strong leadership and diverse experience across multiple food and beverage categories to her new position and will be a driver of continued growth across the businesses she’ll be overseeing."
Crew joined PepsiCo in April 2010 as president of PepsiCo’s Western Europe business, based in Geneva.
Walmart plows forward in Q2
BENTONVILLE, Ark. — A fourth consecutive quarter of same-store sales growth at Walmart’s U.S. business helped the company achieve a slightly better than expected profit performance.
Walmart said second-quarter earnings grew 8.3% to $1.18 per share, one cent better than the consensus estimate of analysts and at the top of the company’s forecast range of $1.13 to $1.18 per share. Total company sales increased 4.5% to $113.5 billion, and net income increased 5.7% to slightly more than $4 billion. The key driver of the improved performance was continued strength of the Walmart U.S. business, where same-store sales increased 2.2% within the company’s guidance range that called for an increase of 1% to 3%.
"I’m really pleased with the continued momentum we see in our Walmart U.S. stores, and this now marks three consecutive quarters of positive comp traffic and four quarters of positive comp sales," Wal-Mart Stores president and CEO Mike Duke said. "There’s such a clear focus among the leadership team to drive the strategy of broad assortment and price leadership. We continue to win back customers and attract new ones. We will not let up on our passion to reduce operating expenses so that we can invest in lower prices. This is the promise that our customers expect from Walmart and what drives greater loyalty."
Sales at U.S. stores grew 3.8% to $67.4 billion, while operating profits increased 5.3% to $5.25 billion.
"Customers are responding to our continued focus on providing the right assortment at everyday low prices," Walmart U.S. president and CEO Bill Simon said. "During the quarter, our average comp traffic increase was equal to serving on average, 80,000 additional customers every day of the 13-week period."
At Sam’s Club, sales increased 3.8% to $14.2 billion and same-store sales, excluding fuel, increased 4.2%, on top of a prior-year increase of 5%. Operating profits grew at a much faster pace, advancing 10.1% to $536 million.
"We believe that the improvements in our quality and overall merchandise offerings are key to driving these results," Sam’s Club president and CEO Rosalind Brewer said. "In fact, member engagement scores continue to achieve record levels. We’re also investing in price to deliver greater value on top of these quality improvements."
Buoyed by a solid second-quarter showing, Walmart increased by a penny and narrowed its full year profit forecast to a range of $4.83 to $4.93 per share from a prior range of $4.72 to $4.92 per share.
Study: Many consumers turn to at-home options for whiter teeth versus the dentist chair
CHICAGO — There’s good news for retailers and manufacturers of at-home teeth whitening solutions, as new research indicates that most consumers seeking a brighter smile will tend to opt for at-home options compared with professional whitening services.
According to new research from Mintel, only 10% of those looking for whiter teeth took a seat in the dentist chair for a professional whitening service.
Slightly more than 4-out-of-10 respondents (41%) have tried to whiten their teeth in the last 12 months using toothpaste, while 17% have given it a whirl with at-home mouthwash and 15% with at-home whitening strips.
“Some of the key growth drivers in the oral care market include an increased interest in whitening capabilities and products that deliver multiple benefits,” stated Gabriela Mendieta, home and personal care analyst at Mintel. “Also, many consumers are becoming more aware of how oral care affects their general health, and marketers can use this opportunity to push products that not only help with teeth and gums, but also one’s overall well-being.”
The majority of people (73%) are looking for toothpaste that prevents cavities, while some 70% of Americans look for toothpaste that boasts tartar control. A product that promises whiter teeth is the third most popular attribute with 66% of people, followed by 56% who are looking for a product to strengthen their enamel.
“The list goes on and on. … Whether it’s gum disease, tooth sensitivity or dry mouth, there is a toothpaste or mouthwash product out there for you,” Mendieta said. “Oral care products that feature multiple attributes are expected to do well with consumers in the coming years, as it is more cost-effective to buy one product that helps with several needs.”
The relation between oral health and general health may be a selling point for marketers to drive sales and encourage users to widen their oral care repertoires and regimens. In fact, the floss/accessories/tools segment increased by more than 2.8% in sales from 2010 to 2011, more than any other oral care segment, according to Mintel. The research suggests that this could grow further if marketers create ads that highlight the link between oral bacteria and the potential for risk in other areas of the body.