Custom Travel Solutions (CTS), a leading provider of private-label travel services, is experiencing a surge in international growth, with 63% of its transactions now originating outside the United States. This growth reflects a global shift towards travel subscription models and CTS’s strategic focus on catering to diverse consumer needs across the world.
Aurora Cannabis has partnered with Vectura to launch a CBD lozenge, providing an alternative consumption method for medical cannabis patients. The company also reports strong international sales growth and improved financial performance, showcasing its commitment to innovative products and expansion.
PepsiCo reported strong earnings and revenue in the first quarter of 2024, exceeding analysts’ forecasts. Excluding a recall of Quaker Foods products, the company’s adjusted earnings per share reached $1.61, compared to the projected $1.52. Net sales rose 2.3% to $18.25 billion, and organic revenue grew by 2.7%. However, PepsiCo faced volume pressure with a 0.5% decline in its food division and flat volume in its beverage segment. The Quaker Foods recall resulted in a 22% drop in volume for the North American division. Despite these challenges, PepsiCo’s international operations showed positive growth, with snacks and beverages in the Asia Pacific region experiencing a 12% and 7% volume increase, respectively. The company remains optimistic about its 2024 outlook, anticipating at least 4% organic revenue growth and 8% EPS growth in constant currency.
