Top 100 North American Food & Beverage Companies of 2026 Released! PepsiCo Secures the No. 1 Spot; Coca-Cola’s Net Profit Rises by $2.5 Billion

Beyond robust product iteration, Kraft Heinz unveiled a major strategic move in September 2025, announcing plans to spin off into two independent publicly traded companies: Global Taste Elevation Co. and North American Grocery Co. This spin-off aims to fully unlock the group’s business and brand potential, simplify operational complexity, and enable both new entities to allocate resources more efficiently toward their respective strategic priorities—thereby enhancing overall performance. General Mills ranked No. 8 this year, with North American food revenue totaling $15.355 billion. According to General Mills’ 2025 financial report, the company’s net sales amounted to $19.5 billion—a 2% decline year-on-year—while operating profit stood at $3.3 billion, down 4%. Net sales in the North American retail segment fell 5% to $11.9 billion. However, net sales in the North American foodservice segment rose 2% to $2.3 billion. General Mills identifies restoring volume-driven organic net sales growth as its top priority for fiscal year 2026. The company plans to increase investments in consumer value, product news, innovation, and brand building. General Mills targets organic net sales growth for FY2026 within a range of -1% to +1% year-on-year. Keurig Dr Pepper surged into the Top 10, ranking No. 9, with North American food revenue of $14.429 billion in 2025. Based on Keurig Dr Pepper’s full-year 2025 financial results, the group’s net sales reached $16.6 billion—an increase of over 8%, driven jointly by its U.S. beverage business and international operations. By segment: U.S. beverage net sales rose 11.9% year-on-year; U.S. coffee net sales increased 0.6%; and international net sales grew 5.9%. This revenue growth was also aided by the acquisition of JDE Peet’s. On August 25, 2025, Keurig Dr Pepper officially announced its agreement to acquire JDE Peet’s for €15.7 billion. Upon completion, the group will be split into two independently operated entities: Beverage Co. and Global Coffee Co. The acquisition closed in April 2026. As a leading beverage company, Keurig Dr Pepper launched multiple new beverages in 2025. In February, leveraging brands including Dr Pepper, 7UP, A&W, and Snapple, the company introduced several new flavors—such as Dr Pepper Blackberry, 7UP Tropical, and Snapple Peach Lemon Tea. In July, its brand Vernors launched the new Vernors Boston Cooler, blending ginger and creamy vanilla notes. Anheuser-Busch InBev ranked No. 10 this year, with North American food revenue of $14.207 billion. According to Anheuser-Busch InBev’s 2025 financial report, reported total revenue for fiscal year 2025 was $59.32 billion—a 0.7% decline year-on-year.

Danone to Acquire MADE Group; TCM Terminates Pu Sheng’s Exclusive Distribution Agreement; Domino’s Appoints New CEO

On June 23, Domino’s Pizza (DPZ.US) announced that CEO Russell Weiner has informed the Board of his intention to retire. The Board has appointed current Chief Operating Officer and President of Domino’s Pizza USA, Joe Jordan, as the new CEO, effective October 1, 2026. Jordan will also join the Board upon assuming the role, the company stated in its official announcement. Domino’s noted that Jordan has been with the company for nearly 15 years, holding leadership positions across marketing, U.S. and international operations, technology, and franchisee support. Weiner will remain CEO through September 30, 2026. Starting October 1, he will transition to Designated Executive Chairman and become Executive Chairman following the company’s Annual General Meeting in April 2027. Current Executive Chairman David Brandon will retire after the 2027 Annual General Meeting and will not seek re-election to the Board. (Sina Finance) Editor’s Comment: This phased leadership transition sets a long-term governance benchmark for leading chain restaurants, smoothing power handover through gradual succession—and thereby hedging against external operational pressures such as overseas foodservice demand volatility and rising costs. Leadership Changes at Lee Kum Kee Sauce Business On June 19, Lee Kum Kee Group announced internally that current CEO of its sauce division, Jing Jie, will formally step down at the end of July. To ensure continuity and stability during this critical phase of business transformation, Dr. Xing Jun—who assumed the role of Chairman of the Sauce Division’s Board in April this year—will concurrently serve as Global CEO of the sauce division effective July 5, until further notice. Lee Kum Kee Sauce specializes in Chinese condiments, with core categories spanning oyster sauce, soy sauce, vinegar, sauces, soup bases, and convenient sauces—totaling over 300 SKUs. (Xiao Shidai) Editor’s Comment: Notably, this leadership change coincides with the condiment giant’s transition from Transformation Phase 1.0 to 2.0. The dual role of Chairman and CEO reflects a streamlined decision-making chain, addressing misalignment between strategy formulation and execution—and marks the full implementation of a modern governance model: family ownership coupled with professional management. Executive Changes at Wahaha Group Recently, Hangzhou Wahaha Group Co., Ltd. underwent multiple changes in key personnel registered with industrial and commercial authorities: Ye Yaqiong stepped down as director; Kou Jing was appointed director (previously serving as supervisor); and Luo Yangfan was newly appointed as supervisor. Notably, Luo Yangfan is a member of Zhejiang Fuliyi Charity Foundation and concurrently serves as supervisor of Hangzhou Jinrui Private Equity Fund Management Co., Ltd.—a firm ultimately controlled by Shi Youzhen, mother of Zong Fuli. Additionally, Kou Jing and Ye Yaqiong are associated with multiple Wahaha-affiliated companies and have collaborated extensively with Zong Fuli. (36Kr) Editor’s Comment: This personnel adjustment does not signify a consolidation of power, but rather establishes a tiered governance structure: family representatives participate in operations, while personnel from the family’s capital and philanthropy divisions assume supervisory roles. This arrangement safeguards shareholder rights boundaries and mitigates operational risks related to inheritance and investment. Simultaneously, the reshuffling of trusted senior executives aligns with Zong Fuli’s long-term strategy—namely, independent operation of Hongsheng’s proprietary brands alongside appropriate separation from Wahaha Group—ensuring stable internal governance at this iconic beverage conglomerate and alleviating market concerns about managerial friction or equity disputes.

Keurig Dr Pepper plans $2 billion stock offering to cut debt ahead of split

17 hours ago

Keurig Dr Pepper plans to raise $2 billion through a stock offering to reduce debt ahead of its planned split into two independent companies in early 2027. The company intends to use the net proceeds to repay about $2 billion of outstanding debt.

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Keurig Dr Pepper plans $2 billion stock offering to cut debt ahead of split

Keurig Dr Pepper plans $2 billion stock offering to cut debt ahead of split

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