Latest news with #JDEPeets
Yahoo
07-07-2025
- Business
- Yahoo
JDE Peet's share buyback periodic update July 7, 2025
PRESS RELEASE Amsterdam, July 7, 2025 JDE Peet's (EURONEXT: JDEP), the world's leading pure-play coffee and tea company, today announced that it has repurchased 8,673 shares in the period from June 30, 2025 up to and including July 4, 2025. The shares were repurchased at an average price of EUR 24.43 per share for a total consideration of EUR 0.2 million. These repurchases were made as part of the EUR 250 million share buyback programme announced on March 3, 2025. The total number of shares repurchased under this programme to date is 3,782,223 ordinary shares for a total consideration of EUR 71.3 million. More details on the progress of the buyback programme are available here. This press release is issued in connection with the disclosure and reporting obligation set out in Article 2(3) of the EU Regulation 2016/1052 that contains technical standards for buyback programmes. # # # Enquiries MediaKhaled Rabbani+31 20 558 1735Media@ Investors & AnalystsRobin Jansen+31 6 1594 4569IR@ About JDE Peet's JDE Peet's is the world's leading pure-play coffee company, serving approximately 4,400 cups of coffee per second in more than 100 markets, with a portfolio of strong iconic brands including Peet's, L'OR, Jacobs, Douwe Egberts, Kenco, Pilao, OldTown, Super and Moccona. In 2024, JDE Peet's generated total sales of EUR 8.8 billion and employed a global workforce of more than 21,000 employees. Read more about our journey towards a coffee for every cup and a brand for every heart at Attachment jde-peets-SBB-periodic-update-july-7-2025Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-07-2025
- Business
- Yahoo
JDE Peet's announces new strategy to boost growth
Speciality coffee roaster and café chain JDE Peet's has introduced its "Reignite the Amazing" brand-led strategy to boost growth and for sustainable value generation. The reveal took place during its Capital Markets Day held in Amsterdam, the Netherlands on 1 July 2025. The brand shared a comprehensive plan to enhance performance and define its long-term trajectory. The latest approach prioritises three core brands known as the Big Bets: Peet's, L'OR and a group of 10 regional brands led by Jacobs These brands were chosen for their capacity to meet existing and evolving consumer demands, ensuring sustained expansion and market significance. The transformation process is supported by a three-stage strategic framework aimed at simplifying portfolio and organisational structure while enhancing operational efficiency and productivity. JDE Peet's plans to deliver €500m ($588m) in net savings, with more than half of these expected by the close of 2027. 50% of the savings will be redirected into high-growth initiatives and targeted capability enhancements, with the other half used to improve profitability. JDE Peet's has also established ambitious medium-term financial goals. The company's strategy to drive value creation is backed by a capital allocation framework and focussing on organic growth for the three Big Bets organically. It will reallocate productivity savings, strengthen the balance sheet with a target net times two leverage ratio, and increase shareholder value through consistent dividend increases and share repurchases. The company will also shift its merger and acquisition focus, moving away from debt-heavy deals towards asset-light opportunities. JDE Peet's CEO Rafa Oliveira stated: 'JDE Peet's is a fantastic company with strong foundations. As the world's largest pure-play coffee company, we are uniquely positioned to capture the long-term opportunities this resilient and vibrant coffee category offers". "JDE Peet's announces new strategy to boost growth" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-07-2025
- Business
- Yahoo
JDE Peet's to 'simplify' portfolio to boost growth
Hot-drinks group JDE Peet's wants to 'simplify' its product portfolio with a focus on ten brands including L'Or and Jacobs. The Netherlands-based group is also targeting €500m ($590.8m) in savings in its cost of goods sold and SG&A expenses. 'JDE Peet's is a fantastic company with strong foundations,' Rafa Oliveira, the CEO of JDE Peet's, said today (1 July). 'As the world's largest pure-play coffee company, we are uniquely positioned to capture the long-term opportunities this resilient and vibrant coffee category offers.' In 2024, JDE Peet's saw its sales and earnings rise but the company has faced criticism from analysts over some of its decisions, including moves to expand its coffee-machine business in the US. The JDE Peet's share price fell by more than 30% in 2024. In May, JDE Peet's announced it had sold its tea business in Turkey to Efor Holding as part of efforts to 'optimise resource allocation' and 'simplify' operating models. The company also said it would discontinue the roll-out of its L'Or Barista machines in the US. Oliveira, who joined JDE Peet's as CEO last November, outlined the group's plans at an investor day today alongside CMO Ricard Barri Valentines and CFO Yang Xu. The company has devised a new strategy it has dubbed Reignite the Amazing. Oliveira said the initiative is 'brand-led and centred around three big bets: Peet's, L'Or and a strategically selected set of ten iconic brands, led by Jacobs'. He added: 'Our new strategy provides a clear framework consisting of an ambitious and focused plan to unlock sustainable, profitable growth and drive strong cash generation by combining the scale and expertise of an industry leader with agility, creativity and the innovative mindset of a start-up.' JDE Peet's wants to simply its range, including by brand and product SKU. The company is aiming to extract half the targeted savings by the end of 2027. Xu said around 35% of the €500m in savings would come from 'portfolio simplification', with 30% from 'continuous improvement', a quarter from 'synergies by way of working' and around 10% from reviewing the company's routes to market. The JDE Peet's finance chief said around 80% of the group's gross profit came from 12 brands. Together, 33 brands generate less than 5% of the company's gross profit, she said. Around half the savings would be put into what JDE Peet's calls 'high-potential growth initiatives and selective high-impact capabilities' and the other half to 'strengthen profitability'. The expenditure on growth includes increasing spending on A&P and production capacity. The company is planning to spend €30-50m more a year on capital expenditure, it said. In the period from 2026 to 2027, JDE Peet's is targeting a 1-3% rise in gross profit compared to 2024, a growth rate it is aiming to accelerate to 4-7% in the period 2030 to 2032. "JDE Peet's to 'simplify' portfolio to boost growth" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-07-2025
- Business
- Yahoo
Jacobs coffee maker JDE Peet's unveils brand-led strategy, sets mid-term targets
(Reuters) -Coffee and tea company JDE Peet's unveiled a new strategy on Tuesday that aims to simplify its portfolio and organizational model under its new CEO. The group, which sells coffee, tea and hot chocolate under more than 50 brands globally, targets 500 million euros ($589 million) of net productivity savings, with more than a half of them to be achieved by end of 2027. "Our 'Reignite the Amazing' strategy is brand-led and is centred around three Big Bets: Peet's, L'OR and a strategically selected set of ten iconic brands, led by Jacobs," CEO Rafael Oliveira, who took the role in late 2024, said in a statement ahead of the company's investor day. JDE Peet's said the "big bets" were selected because of their ability to meet both current and emerging consumer needs, driving long-term growth and market relevance. Jefferies analysts wrote ahead of the strategy announcement that the company under its former management team between 2022 and 2024 had made costly strategic decisions, exposing it to poor capital discipline, most notably on U.S. machine expansion which lacked scale and strategic fit. The group has also been affected by a rise in coffee bean prices that has bit into its margins. It said in February it was not expecting the green coffee prices to come down in the near future. It set financial targets for 2030-2032 and beyond, expecting its gross profit to grow between 4% and 7% and adjusted operating profit to rise by 5% to 8%, with a cumulative free cash flow of at least 3.5 billion euros during the period. ($1 = 0.8490 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
01-07-2025
- Business
- Reuters
Jacobs coffee maker JDE Peet's unveils brand-led strategy, sets mid-term targets
July 1 (Reuters) - Coffee and tea company JDE Peet's ( opens new tab unveiled a new strategy on Tuesday that aims to simplify its portfolio and organizational model under its new CEO. The group, which sells coffee, tea and hot chocolate under more than 50 brands globally, targets 500 million euros ($589 million) of net productivity savings, with more than a half of them to be achieved by end of 2027. "Our 'Reignite the Amazing' strategy is brand-led and is centred around three Big Bets: Peet's, L'OR and a strategically selected set of ten iconic brands, led by Jacobs," CEO Rafael Oliveira, who took the role in late 2024, said in a statement ahead of the company's investor day. JDE Peet's said the "big bets" were selected because of their ability to meet both current and emerging consumer needs, driving long-term growth and market relevance. Jefferies analysts wrote ahead of the strategy announcement that the company under its former management team between 2022 and 2024 had made costly strategic decisions, exposing it to poor capital discipline, most notably on U.S. machine expansion which lacked scale and strategic fit. The group has also been affected by a rise in coffee bean prices that has bit into its margins. It said in February it was not expecting the green coffee prices to come down in the near future. It set financial targets for 2030-2032 and beyond, expecting its gross profit to grow between 4% and 7% and adjusted operating profit to rise by 5% to 8%, with a cumulative free cash flow of at least 3.5 billion euros during the period. ($1 = 0.8490 euros)
