For decades, Vietnam’s coffee has fueled the world’s caffeine habits but rarely received the credit it deserves. That perception is beginning to change. A new generation of Vietnamese growers and roasters is transforming the country’s image from bulk exporter to origin of excellence, and the world is taking notice.

Among the recent achievements, Lacàph Phin Blend earned two stars at the Great Taste Awards, making it the first Vietnamese coffee to reach this level in the competition’s history. Meanwhile, BOLD84’s canned Milk Coffee and Black Coffee earned recognition at the World Taste Award for delivering “natural all-day energy” while preserving authentic Vietnamese flavor.

“Our mission is to share Vietnamese coffee and culture with curious people everywhere,” said Timen R. ter Meulen Swijtink, founder of Collective. “These achievements prove that our coffees, from farming to roasting, meet international standards. We hope to partner with consumers and businesses in the U.S. to bring these farmer-crafted products to new audiences.”

According to government data, Vietnam currently exports coffee to more than 80 countries, with export earnings exceeding USD 8 billion in 2025. Yet, specialty-grade coffee represents less than five percent of total exports — a gap that brands like Lacàph and BOLD84 are determined to bridge.

The international spotlight on Vietnamese coffee reflects a broader shift within the industry: the move from commodity-focused production to value-driven, origin-based storytelling. As more Vietnamese companies embrace this evolution, the country’s reputation as a coffee powerhouse may soon rest not only on volume but also on quality and craftsmanship.

Building on that momentum, Lacàph and BOLD84 are bringing their award-winning creations directly to international consumers. Both brands are now available on Amazon and through their official online stores, offering U.S. customers a new way to experience authentic Vietnamese coffee. To celebrate their U.S. debut, the brands are introducing a special 1+1 launch promotion and exclusive online offers. Coffee enthusiasts can also subscribe to the newsletter to receive updates, stories, and early access to upcoming releases from Vietnam’s most celebrated coffee innovators.

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Encouraged by the overwhelming response & customer feedback on the Roast & Ground Coffee brands, DMPL has just launched its popular 100% Pure Instant Coffee under the new brand, VINCOFE INSTANT COFFEE – PURE at Vintage Coffee Café, Navi Mumbai.

This brand will also be made available on select e-commerce and quick commerce platforms in India.

Speaking on the occasion, Mr. Balakrishna Tati, VCBL’s Chairman & Managing Director said, “Coffee consumption has been growing steadily in India.

Vintage Coffee has decided to introduce it’s popular Pure instant coffee blend, which is successful in markets across the world and has received overwhelming response in many developed countries and it’s time to introduce the special blend in India for Indian Coffee lovers through e-commerce platforms”.

The rich tasting instant coffee is made from green coffee beans sourced from shade-grown and sustainably produced coffee located in selected estates of prime coffee growing areas in Coorg, Chickmagalur and Hassan districts of Karnataka.

The coffee beans are carefully handpicked, cured, roasted, ground, extracted, evaporated and finally agglomerated in its state-of-the-art plant located near Hyderabad using finest technologies and equipment.

The resultant product delivers a cup rich in aroma and balanced taste, added with the artisanal touch of Vintage Coffee.

Mr. Balakrishna Tati further added “We have strong product and process expertise in coffee, and exporting superior-quality Instant Coffee across the globe.

We are excited to launch VINCOFE INSTANT COFFEE – PURE in India, which will be made available to all coffee lovers in India online on Amazon, Blink it, etc. We are working on curating unique & special blends for the discerning Indian consumer.”

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Both Nestlé and Morgan Stanley declined to comment. The Swiss multinational could also decide to sell the cafés (around 100 locations in the United States and Asia) while retaining the intellectual property rights to the brand in order to continue selling Blue Bottle-branded products, such as ground coffee and various accessories.

Analysts say this move is part of Nestlé’s new strategy, relaunched by the company’s new CEO, Philipp Navratil (formerly CEO of Nespresso), which aims to streamline the company’s portfolio by focusing on scalable, global brands rather than niche assets.

This approach includes the strategic review of certain vitamin supplement brands and the overhauling of the mineral water division, which includes the Perrier and San Pellegrino brands.

Blue Bottle was acquired eight years ago to capture the rapidly growing specialty coffee market, as a brand to complement Nescafé and Nespresso. Its sale would generate cash to reinvest in the core coffee business.

Bleu Bottle Coffee was established in 2002 in Oakland by James Freeman and opened its first store in San Francisco in 2005.

The company’s name is inspired by a famous historic Viennese café (Hof zur Blauen Flasche) founded in 1683 by Jerzy Franciszek Kulczycki, a hero of the Battle of Vienna.

News of the potential sale of Blue Bottle comes just weeks after rumours emerged that Coca-Cola might sell Costa Coffee.

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With thriving locations already established in San Clemente, Huntington Beach, and San Diego with a new flagship outpost location in the legendary Basham’s Surf Shop (home of Lost Surfboards), Sur Coffee is rapidly becoming the go-to alternative for locals tired of the “fast food” coffee experience.

“The expansion is not just about opening doors; it is a declaration that the era of impersonal, automated coffee service is ending. Sur Coffee is proving that a local brand can scale without losing its soul,” says the company.

“We aren’t just selling caffeine; we are rebuilding the local gathering spot with a sense of belonging that the big chains have abandoned,” says Mark Bell, Founder and CEO of Sur Coffee. “While the corporate giants are focused on drive-thru times and mobile order algorithms, we are focused on knowing your name and serving a cup of coffee that actually supports the farmer who grew it. We’re expanding because Southern California is asking for an alternative—they want a coffee shop that feels like home, not a factory.”

Unlike major chains that rely on automated machines and dark-roasted commodity beans, Sur Coffee controls every step of the process. From direct-trade partnerships with farmers in regions like Guatemala and Ethiopia to small-batch roasting in Southern California, the difference is palpable in the cup. The brand’s “Doing Good” initiative ensures that a portion of proceeds supports local and global non-profits, including clean water projects and youth mentorship programs—a stark contrast to the corporate model.

As Sur Coffee continues to scout new locations along the coast, the message is clear: the convenience of the big chains can no longer compete with the quality and community of a true local roaster. With a loyal following of surfers, locals, and coffee purists, Sur Coffee is poised to redefine the Southern California coffee landscape, one neighborhood at a time.

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At the core of the activation was a double-decker setup that combines indulgence and discovery.

• The Ground Floor is dedicated to serving chilled, Tata Coffee Grand Cold Coffee in 3 international flavours – Belgian Chocolate, French Vanilla and Swiss Caramel
• The Upper Deck transforms into a dedicated Chill Zone, offering visitors a relaxed space to unwind with friends while enjoying elevated views of the festival. Each guest can enter the lounge for a 30-minute slot, which guarantees an easy, smooth experience, literally making it “Too Cool To Have It Solo“

Speaking about the association, Partha Biswas, President & Head – RTD Business, Tata Consumer Products, said, “Horn Ok Please is one of Delhi’s most loved youth festivals and this partnership allows us to bring our brand’s young, energetic and refreshing spirit to life. Our experiential chill zone is crafted to help the festival lovers with great on-the-go cold coffee along with a place to pause, connect, and turn fleeting moments into stories they will remember.”

Enhancing the overall festival atmosphere, Tata Coffee Grand Cold Coffee also introduced limited-edition merchandise, giving attendees an opportunity to take home a tangible reminder of the coolest experience.

Complementing this was an Instagram and Snapchat worthy photo spot located opposite the booth. The space is crafted to seamlessly extend the brand’s “Ultimate Chill Zone” narrative, encouraging visitors to capture and share their moments while engaging with the activation.

To further drive engagement, visitors could take part in interactive features like a slot machine game, and meet the brand’s energetic Coffee Boys, a roaming crew carrying branded bags and offering cold coffee on the go, ensuring high visibility across the venue.

The activation aligns with the brand’s recent “Too Cool to Have It Solo” campaign, which celebrates how shared experiences, no matter how brief, can spark meaningful connections in urban settings.

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“We are incredibly proud of this achievement,” says Anders Fredriksson, CEO of Löfbergs. “It reflects our long-term commitment to great tasting coffee, sustainability, and pushing the coffee industry forward. I want to thank our employees for their passion, our customers for their trust, and our suppliers and farming communities worldwide who make it all possible.”

The honour further strengthens Löfbergs’ position as one of Europe’s leading coffee roasters and highlights the company’s ambition to continue driving a more sustainable and quality-focused coffee industry.

“Next year, Löfbergs celebrates 120 years of great-tasting coffee,” adds Anders Fredriksson. “Receiving an international honour like this at such a milestone is both inspiring and energising for the road ahead.”

Founded in 1906 and still family-owned, Löfbergs is one of the largest coffee roasters in the Nordics and a pioneer in sustainability within the global coffee community. The company began exporting coffee in 1993, and today around half of its sales come from markets outside Sweden.

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Throughout December, proceeds from purchases made through the Fire Department Coffee Club and Fire Department Shirt Club will help fund programs that directly support the men and women of Rockford Fire. These initiatives include mental health and wellness resources, peer support efforts, safety training and assistance for firefighters and families facing unexpected hardships.

For every Fire Department Coffee Club subscription purchased, $2 will be donated, and for every Fire Department Shirt Club purchase, $5 will be donated to programs that help strengthen mental and physical wellness for Rockford firefighters. A key focus includes supporting peer support services, an essential internal resource led in part by Randy James, Fire Department Coffee’s Director of Brand Relations and an active Rockford firefighter.

“This community shaped me as a firefighter and as a leader,” said Luke Schneider, founder and CEO of Fire Department Coffee. “Rockford Fire is where I learned the values of service, teamwork and resilience. Supporting these wellness and peer support programs is deeply personal for us, because they empower firefighters to take care of themselves and each other long after the call is over.”

Randy James, Firefighter/Paramedic at City of Rockford Illinois, added his support for the initiative, noting how local programs strengthen the broader fire service community. “Fire Department Coffee’s ongoing commitment to firefighter wellness is remarkable. Whether at the state level or right here in Rockford, their dedication helps ensure that firefighters and their families have access to critical safety, mental health and peer support resources. It’s the kind of leadership that lifts the entire profession.”

Fire Department Coffee, a veteran-owned and firefighter-run company based in Rockford, proudly roasts premium coffee in the U.S.A. and offers blends in ground, whole bean and coffee pod formats. Customers can participate in the December campaign at FireDeptCoffee.com beginning December 1, 2025.

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Financial results for the second quarter of fiscal year 2026 reflect the divestiture of certain Sweet Baked Snacks value brands on March 3, 2025, and the divestiture of the Voortman business on December 2, 2024.

Executive Summary

• Net sales was $2.3 billion, an increase of $58.9 million, or 3 percent. Net sales excluding the divestitures and foreign currency exchange increased 5 percent.
• Net income per diluted share was $2.26. Adjusted earnings per share was $2.10, a decrease of 24 percent.
• Cash provided by operations was $346.5 million compared to $404.2 million in the prior year. Free cash flow was $280.2 million compared to $317.2 million in the prior year.
• The Company updated its full-year fiscal 2026 financial outlook.

The J.M. Smucker Co. – Net Sales

Net sales increased $58.9 million, or 3 percent. Excluding $50.5 million of noncomparable net sales in the prior year related to divestitures and $1.6 million of unfavorable foreign currency exchange, net sales increased $111.0 million, or 5 percent.

The increase in comparable net sales reflects an 11 percentage point increase from net price realization, primarily driven by higher net pricing for coffee. Comparable net sales also reflects a 6 percentage point decrease from volume/mix, primarily driven by decreases for coffee, peanut butter, dog snacks, and lapping contract manufacturing sales related to the divested pet food brands in the prior year.

U.S. Retail Coffee

Net sales increased $144.9 million, or 21 percent. Net price realization increased net sales by 27 percentage points, primarily driven by higher net pricing across the portfolio.

Volume/mix decreased net sales by 6 percentage points, reflecting decreases for the Folgers and Dunkin’ brands, partially offset by an increase for the Café Bustelo brand.

Segment profit decreased $48.4 million, primarily reflecting higher commodity costs, tariffs, unfavorable volume/mix, and higher marketing spend, partially offset by higher net price realization.

Full-Year Outlook

The Company updated its full-year fiscal 2026 guidance, as summarized below.

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Alongside continued impressive growth in our international coffee business, led by the coffee JV in Brazil, we have reinforced our beloved brands in Israel through innovation.

Last month we inaugurated Michael’s Campus in the North of Israel, which includes a new plant-based dairy facility at an investment of approximately NIS 270 million—a strategic investment that creates jobs, develops the local economy, and brings innovative products to market.

Additionally, we launched the new ‘Tami4 Shabbat’ water bars and introduced the Cow-Free category, representing groundbreaking innovation in the dairy alternatives space. Today, Strauss stands in a position of strength, with growth engines in Israel and abroad, and a solid foundation for continued progress in the coming years.”

Note: NIS 1 = US$ 0.31

Quarterly Highlights

• Strauss Group: Significant sales growth reaching NIS 3.3 billion (US$1 billion), up 9.6%, improved operating profit and margin, mainly from Coffee International in addition to implementation of productivity initiatives. Pro-forma growth reached 16.3%.
• Strauss Israel: Growth in sales and market share alongside decline in profit and margin, primarily in the Health & Wellness segment.
• Coffee International: Significant growth in sales and operating profit, mainly due to pricing in the coffee JV in Brazil. The coffee companies in Central Eastern Europe have established their position as # 2-3 player in the market.
• Strauss Water: Continued revenue growth alongside decline in profit and margin, mainly due to reduced profitability in Haier Strauss Water in China following intense competition.
• Innovation and new launches: Inauguration of Michael’s Campus in the North of Israel, launch of Cow-Free and Tami4Shabbat.

Third Quarter 2025 Financial Highlights

• The Group’s sales grew approximately 9.6% to NIS 3,277 million (13.2% excluding FX).
• EBIT increased approximately 40.1% to NIS 312 million, representing 9.5% of sales, in comparison to NIS 223 million, 7.4% of sales.
• Net income attributed to shareholders increased approximately 42.7% to NIS 146 million, 4.4% of sales, in comparison to NIS 102 million, 3.4% of sales.
• Free cash flow of NIS 245 million, compared to negative free cash flow of NIS 98 million.

First Nine Months 2025 Financial Highlights

• The Group’s sales grew approximately 12.1% to NIS 9.3 billion (16.4% excluding FX).
• EBIT increased approximately 27.6% to NIS 738 million, representing 7.9% of sales, compared to NIS 578 million, 6.9% of sales.
• Net income attributed to shareholders decreased approximately 13.2% to NIS 299 million, representing 3.2% of sales, compared to NIS 344 million, 4.1% of sales.
• Negative free cash flow of NIS 339 million, in comparison to negative free cash flow of NIS 495 million.

Fun & Indulgence

Fun & Indulgence – Israel Coffee segment sales in Q3-2025 reached NIS 221 million, down 0.2%, while the segment’s EBIT increased by 4.3% to NIS 30 million (13.5% margin). Sales in 9M-2025 reached NIS 693 million, up 10.8%, y-o-y, with the segment’s EBIT increasing by 11.5% to NIS 92 million (13.3% margin). Sales in Q3-2025 reflected the divestment of Coffee-to-Go and lower volumes. 9M-2025 sales reflected higher pricing and volumes. EBIT was supported by pricing, which partially offset higher green coffee costs.

Strauss Coffee International

Strauss Coffee International sales in Q3-2025 reached NIS 1.6 billion (US$488.5 million), up 30.0%, and EBIT increased by 139.8%, reaching NIS 163 million (9.9% margin), or US$49.8 million. Sales in 9M-2025 reached NIS 4.6 billion, up 33.4%, EBIT increased by 91.3% to NIS 320 million (7.0% margin). Sales increased primarily due to higher pricing, while improving market share in most geographies. EBIT reflected higher pricing together with operational efficiencies.

Três Corações (JV in 50% terms) Q3-2025 sales reached NIS 1.1 billion, up 26.9%, while EBIT increased by 171.2% to NIS 129 million (11.3% margin). 9M-2025 sales reached NIS 3.3 billion, up 36.9%, y-o-y, while EBIT increased by 149.7% to NIS 247 million (7.5% margin). Sales increased primarily due to higher pricing and total volumes. EBIT reflected higher pricing together with operational efficiencies for the 9M-2025 period.

Central Eastern Europe (CEE) sales in Q3-2025 reached NIS 504 million, an increase of 38.1%, moderated by the impact of exchange rates. Sales in 9M-2025 reached NIS 1.3 billion, an increase of 32.5%. Sales were primarily supported by higher pricing and higher volumes mainly in Poland, where Strauss established #2 market position, leading the beans segment.

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“As a seasoned and forward-thinking CFO with deep expertise across food & beverage and consumer goods, Anthony is a natural fit for KDP,” said Tim Cofer, Chief Executive Officer. “He will play a crucial role in sustaining our Company’s strong base business momentum, while drawing on his significant M&A experience to facilitate the successful integration of JDE Peet’s and ultimate creation of two winning companies. Anthony will be a valuable partner in launching our next chapter.”

“KDP is a world-class company with a compelling growth strategy, iconic brands and a unique opportunity to transform the beverage industry and unlock shareholder value,” said DiSilvestro. “I’m excited to work with Tim and the Board, the management team and a strong bench of finance leaders to drive attractive results and help navigate this pivotal period for our company.”

Most recently, DiSilvestro served as Chief Financial Officer of Mattel, Inc. During his five years as CFO, he modernized and elevated the finance organization, fortified the company’s balance sheet and credit profile, and drove strong cost discipline and productivity across the enterprise. Prior to Mattel, he had a distinguished career at Campbell Soup Company, rising through a series of financial leadership roles over nearly 24 years and serving as Chief Financial Officer from 2014 to 2019. As CFO, he led a transformation of the company’s cost structure and oversaw major transactions, including multiple acquisitions and divestitures. DiSilvestro’s earlier career included 11 years at Scott Paper Company.

The CFO role transitions to DiSilvestro today from Sudhanshu Priyadarshi, the Company’s previous Chief Financial Officer and President, International, who will serve as a strategic advisor for the Company through April 7, 2026, to ensure a seamless process. Priyadarshi has been with the Company since 2022.

“Sudhanshu has been an integral part of KDP’s strategic evolution, accretive international contribution and strong financial performance during his tenure,” said Cofer. “I thank him for his service to the Company and wish him all the best on his future endeavors.”

As part of this leadership transition, the Company is also announcing expanded roles for two senior financial leaders.

George Lagoudakis, currently SVP Commercial Finance, is taking on the newly created role of Deputy CFO. In this role, Lagoudakis will assume additional responsibility to ensure the successful separation and establishment of the future Beverage Co.

Jane Gelfand recently took on the expanded role of SVP Strategic Finance and Capital Markets. In this role, Gelfand continues to lead Investor Relations and International Finance, while assuming additional responsibility related to transaction management and financing for the upcoming acquisition and separation.

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