Ripple Foods Reports $49M Funding Raise in SEC Filing
Plant-based dairy alternative brand Ripple Foods has raised $49 million in a new funding round, according to an SEC filing this week.
Brad Avery
Posts by Brad Avery
Coke Wins NARB Appeal for Powerade Electrolyte Claims Over Gatorade
The Coca-Cola Company will be able to challenge Gatorade’s electrolyte content on Powerade labels after the National Advertising Review Board (NARB) favored the company in a decision this week regarding Powerade’s claim to have “50% more electrolytes vs. the leading sports drink.”
Beliv Bursts into Gut Health Soda Segment with Mighty Pop
Latin American CPG portfolio company Beliv is continuing its U.S. expansion, this time with a new in-house brand targeting the emerging functional soda category: Mighty Pop.
Humanitea Makes Mission, Sustainability Its Focus in Growing Tea Set
After acquiring the small startup brand in 2020, the owners of RTD tea maker Humanitea are getting ready to pour gas in the tank, beginning with a slate of three new flavor innovations.
BellRing Brands: Premier Protein Fuels Strong FY 2023 Earnings
As it moves to discontinue its PowerBar brand business in North America, protein products portfolio company BellRing Brands announced full fiscal year 2023 net sales over $1.6 billion, up 21.5%, in an earnings report this week.
BioSteel Finds New Owner Through Court-Supervised Sale
After announcing it would drop its flailing sports drink brand BioSteel earlier this summer, Canopy Growth announced Friday it has found two buyers for the brand’s assets through a court-approved agreement.
Circana: Food and Beverage Volumes Expected to Rise in 2024
Food and beverage volume sales are expected to improve in 2024 as several of the major headwinds facing the industry are on pace to ease in the coming months, according to a new report by market research firm Circana.
Celsius: Revenue +104% in Q3 As Energy Brand Dominates Online
Celsius continues to put distance between itself and the chasing pack, as the number-three ranked energy drink brand reported a 104% revenue increase to $385 million in its Q3 earnings report this morning, up from just $188 million in the same period last year.
BlueTriton Brands Names Sabra Dipping Chief Joey Bergstein as CEO
BlueTriton Brands has named Joey Bergstein as its next CEO, effective November 28. Bergstein assumes the role from interim CEO Dean Metropoulos.
Monster: Potential for Bang Only Slightly Clearer After Q3 Earnings
Those looking for more clarity on Monster Energy’s plans for Bang during the company’s Q3 earnings call yesterday got only a small taste of how the business is approaching its new acquisition.
Monster: Growth Remains Strong, But Bang Expenses Impact Earnings
Monster Energy’s acquisition of Bang, including the purchase of existing inventory, led to a small drag on gross profit during Q3 2023, according to the company’s latest earnings report today.
Brain-Boosting Brand Evermind Raises $1.3M, Launches Online Sales
After closing a $1.3 million funding round, functional beverage startup Evermind is thinking big as it launches online direct-to-consumer sales. Based in Pennsylvania, Evermind produces a line of plant-based “cognitive elixirs” intended to support brain function and mental energy.
KDP: Beverage Grows, But Coffee Drags on Q3 Earnings
Keurig Dr Pepper (KDP) reported a 5.1% increase in net sales to $3.81 billion during the Q3, according to an earnings statement released this morning highlighted by the news of its distribution agreement with sports drink brand Electrolit.
L.A. Libations Launches ‘Taste Tomorrow’ In-Store Cooler Program
A new in-store cooler program launched this year by L.A. Libations is leading to national expansion for Saint James Iced Tea and Hawaii Volcanic Water. The new merchandising initiative, dubbed Taste Tomorrow, began in July.