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Western Digital's shares declined despite reporting strong Q4 earnings that topped expectations, as its margin outlook and broader memory market selloff, influenced by peer results, tempered investor enthusiasm. Other companies like Keurig Dr Pepper and Alvopetro also reported earnings, with Keurig Dr Pepper rising after its first earnings report including JDE Peet's.
A unique coffee tasting experience was had at the L'OR Masterclass at JDE Peet's Coffee Masters Campus, featuring a two-hour seminar filled with strong flavors and interesting knowledge.
Keurig Dr Pepper has outlined its financial targets for 2026, aiming for low double-digit EPS growth and revenues between $25.9 billion and $26.4 billion, driven by JDE Peet's integration.
Heineken has announced the appointment of Rafael Oliveira as its new CEO, marking the first time the brewing giant has hired an outsider for the top leadership role. Oliveira previously served as a director at JDE Peet's.
Keurig Dr Pepper is reportedly set to absorb JDE Peet's before splitting into two separate companies, indicating a major corporate restructuring.
Heineken has named Rafael Oliveira, the current chief of JDE Peet's, as its new CEO. Oliveira is the first outsider to lead the brewing giant and is tasked with turning around sliding beer sales.
JDE Peet's, the parent company of coffee brands like Douwe Egberts and L'OR Espresso, has become fully owned by its American competitor, Keurig Dr Pepper, which announced the acquisition of 96 percent of JDE Peet's shares.