Peet's Coffee & Tea, Inc.
) has introduced a new iced coffee, Baridi Iced Coffee Blend, for
coffee lovers to beat the heat this summer. Baridi Iced Coffee
Blend is the perfect name for the new refreshing drink, as 'Baridi'
means 'cold', and the coffee is blended using Peet's selected
premium East African coffees to get the aromatic juicy flavor.
The company offers a variety of iced espresso beverages, iced
teas, and seasonal tea coolers to beat the summer heat. Besides
Baridi, Peet's provides other blended coffees like Caffè Freddo,
Mocha Freddo, Light Freddo and Coffee-Free Freddo. Baridi will be
provided in all Peet's retail locations.
Recently another global brewer
Molson Coors Brewing Company
) announced a new range of products especially for the summer
season, to enhance its premium brands of Coors Light, Miller Lite,
Molson Canadian and Carling. Among its new products, Coors Light
Iced T has a light and refreshing blend of natural tea and lemon
flavors with a sweet tinge of Coors Light, which is Canada's
favorite light beer. Another summer drink Carling Zest was
introduced to tap the customers in U.K. and Ireland, which provides
a light citrus flavor and contains 2.8% beer. For the U.S.
consumers, Blue Moon Brewing Company, an arm of Molson Coors, has
planned to introduce a new beer-based brew, Caramel Apple Spiced
Ale that will deliver a crisp and refreshing taste by then end of
Though Peet's offers premium quality coffee backed by superior
price position in the market, the higher cost inflation and
difficult macro-economic environment keep us on the sidelines with
a Neutral rating. Currently, Peet's currently holds a Zacks #3 Rank
(short-term 'Hold' rating).
PEETS COFFE&TEA (PEET): Free Stock Analysis
MOLSON COORS-B (TAP): Free Stock Analysis
To read this article on Zacks.com click here.