Don’t call it a turnaround – at least that was the attitude of Laird Superfood CEO Jason Vieth during the nutrition brand’s Q1 2024 earnings call yesterday, declaring that the “turnaround story has officially become a growth story once again.”
Speaking to investors and analysts on an earnings call this morning, Celsius CEO John Fieldly noted that first quarter revenue was negatively impacted by inventory movements by the brand’s “largest customer,” which was beyond the company’s control, and warned that future inventory fluctuations are expected to occur through subsequent quarters.
Monster Beverage Corporation reported double-digit net sales growth in Q1 2024, rising +11.8% to over $1.9 billion, according to the energy drink manufacturer’s latest earnings report this week.
Monster Beverage Corporation chief executive Rodney Sacks laid out a likely succession plan Thursday that will eventually see co-CEO Hilton Schlosberg taking over the role entirely, as Sacks is “considering” reducing his day-to-day duties sometime next year.
In the punishing marathon of growing a startup beverage company, the majority of brands, sadly, never make it to the finish line. But Jay Williams, the founder and “Chief FNSHer” of bottled water brand FNSH Hydration, has been preparing for this run for a long time.
Congo Brands, the Kentucky-based company behind beverage brands Alani Nu, PRIME and 3D Energy, announced today it has hired former Red Bull executive Mark Rappaport to serve as its first Chief Commercial Officer.
Specialty Vietnamese coffee brand Nguyen Coffee Supply is heading to the mass market with a launch into 500 Target stores across the country, a move that will grow the brand’s footprint for its RTD robusta bean coffees to over 300% since the start of the year.
Good Food Holdings has kicked off a bold new era for the company with its adoption of new in-store technology at all five of its banners, adding amenities like digital item tags, smart shopping carts, and apps with A.I. capabilities.
Non-alcoholic beverage sales in U.S. retail decelerated in the two-week period ending April 6, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research, as “softer volumes” combined with slower pricing action and an “unusually early Easter” combined to reduce year-over-year growth.
C-store beverage sales remain in good health, but decelerated on a sequential basis in Q1 2024, according to the latest Beverage Bytes survey of convenience channel retailers by Goldman Sachs Equity Research this week.
The beverage brand, founded in 2020 by entrepreneur Lance Collins and spearheaded by a partnership with TikTok breakout star and singer Dixie D’Amelio and her family, is rolling out revamped versions of its functional sodas into retail stores nationwide this month, with its updated hydration drinks slated for release this summer.
In between the grandiose visions of the A.I. future that have dominated the discourse, and the heaps of investment dollars flooding the sector, these programs are already being integrated into many aspects of life and business.
Why is a performance energy and protein brand expanding into the breakfast set? Ghost Lifestyle co-founder, CEO and self-described “cereal aficionado” Daniel Lourenco said “that’s the easiest question of all.”
Hemp-based beverage brand Flyers Cocktail Co. announced this week that it closed a Series Seed funding round led by cannabis-focused investment firm Delta Emerald Ventures. Now the brand’s co-founder and CEO Craig “Lewie” Lewis says the company is off the ground and cruising.
