Survey unveils favorite brands among youth
NEW YORK — In an annual study that tracks the brand preferences of Americans ages 8 to 24 years, it looks like Apple takes the cake.
Among 5,077 U.S. consumers ages 8 to 24 years — which presented 121 brands to 8- to 12-year-olds and 167 brands among 13- to 24-year-olds — Harris Interactive found that Apple brands ranked highest among the categories of computers, tablets, and mobile phones.
The survey also revealed that for food and beverages, certain brands stand the test of time. Oreo cookies, Hershey’s milk chocolate candy bars, Sprite, Cheerios, Minute Maid and Capri Sun were each ranked highest in their respective categories.
With young Americans expected to spend $211 billion in 2012, knowing which brands they favor will help corporate America prepare for the upcoming holiday season, according to the survey.
"Youth of today have spending power and they also have loyalty to brands," said Regina Corso, SVP for youth and education research at Harris Interactive. “Brands who tap into this loyalty when a consumer is a tween, and nurture it through the teen years, will have an extremely loyal customer by the time the customer is a young adult. Companies need to remember that consumers do not magically appear at age 18."
Harvest orange tomato soup joins Campbell’s lineup
CAMDEN, N.J. — Campbell’s new soup puts a spin on a classic favorite.
The soup brand said harvest orange tomato soup — developed by Thomas Griffiths, senior executive chef and director of Campbell’s Culinary and Baking Institute — features a blend of herbs and spices, including sage and rosemary and a touch of roasted garlic, which brings out the natural flavors of orange tomatoes. It is one of 35 new products being introduced by the company’s U.S. soup and simple meals business.
Campbell’s harvest orange tomato soup, which was available last year in select markets, now is available nationwide.
DPS reports Q3 results
HOUSTON — Earnings for the Dr Pepper Snapple Group rose to $154 million, or 71 cents per share, for third quarter 2011, the company announced Wednesday.
This compared with the year-ago period, where third quarter 2010 earnings totaled $144 million, or 60 cents per share.
Year-to-date net sales increased 5% for the company, while income from operations was $753 million, compared with $757 million in the prior-year period. Net income for DPS totaled $440 million, compared with $416 million in the prior-year period.
"As we continue to operate in challenging times, I remain pleased with the performance of our portfolio," DPS president and CEO Larry Young said. "Our teams are committed to executing our focused strategy with the goal of providing value to our customers while managing price, mix and productivity to offset higher input costs. The national launch of Dr Pepper TEN is bringing excitement and energy to the Dr Pepper trademark, and we are continuing to build per capita consumption with new fountain availabilities and cold drink placements. Our rapid continuous improvement efforts are gaining traction across the organization, and we’re beginning to experience meaningful results."