Convenience store retailers were excited about energy drinks but had a “slightly more pessimistic outlook” for beer trends in Goldman Sachs’ Q2 Beverage Bytes survey, citing “broader economic pressures/fears of recession [and] impacts from cooler weather."
As Damar Hamlin prepares to suit up and return to the field for the upcoming NFL season, he’s bringing that “don’t quit” attitude to, well, Don’t Quit! The protein and energy drink brand announced today that Hamlin has officially joined the company as an equity partner, marking the athlete’s first official beverage brand partnership.
KDP announced this morning that it is investing $300 million in Philadelphia-based coffee company La Colombe, making it the second largest investor in the brand with a 33% equity stake and strengthening its ambitions of moving deeper into the RTD coffee category.
Since its founding in 2020, better-for-you energy drink startup G.O.A.T. Fuel has known it wanted to establish a base in the pro sports world. Now, as its footprint has surpassed 10,000 retail accounts nationwide, the brand is ready to go all in by trademarking the phrase “Sports Energy.”
PepsiCo bested analyst expectations in its Q2 2023 earnings report today, announcing net revenue growth of 10.4% in the quarter and 10.3% year-to-date. Organic revenue growth in the quarter was up 13% and the company raised its full-year outlook to 10% organic revenue growth, up from 8% earlier this year.
Last week Slate published an ode to Worcester, Massachusetts-based sparkling water brand Polar Seltzer, guest written by comedy writer Josh Gondelman. We spoke with him to learn more about his homegrown love for Polar and to get a creative consumer’s insight into why the 141-year-old brand resonates so deeply with New Englanders.
Bossa Nova may be falling victim to its own success, founder and CEO Alton Johnson told BevNET last month. According to Johnson, the functional sparkling water brand has struggled to secure the necessary financing to maintain its business despite good margins and high velocities at its natural channel retail partners.
Non-alcoholic beverage sales stabilized in the two-week period ending July 1, as volume declines slowed against more moderate pricing action, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
As a pro fighter, Logan Paul has gone up against Damian Priest, Floyd Mayweather, and even his own PRIME co-founder KSI. But could his next public bout be with the senior Senator from New York?
After rebranding and reformulating its line of powdered beverages, SOS Hydration is sending a new message to consumers around daily wellness.
Last week, Boylan announced a rebranding and new format for MASH, moving the product from proprietary 16 oz. plastic bottles to 12 oz. slim cans. As well, the products have been reformulated to remove artificial coloring and the line has been reduced from six flavors to four.
As volume declines worsened against stable pricing growth, non-alcoholic beverage sales decelerated sequentially in the two-week period ending June 17, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
Functional latte maker Taika has secured the celebrity partnership it’s been dreaming of since the day it took its name, as Oscar-winning actor and filmmaker Taika Waititi has joined the company as Chief Creative Officer.
Several electronic devices owned by Bang Energy manufacturer Vital Pharmaceuticals (VPX) have been placed on “lockdown” by a Florida federal bankruptcy court after former CEO Jack Owoc was accused last week by VPX’s attorneys of extracting and sharing privileged corporate information, following his termination from the beverage company in March.
