Non-alcoholic beverage sales accelerated slightly over the two-week period ending August 26, with volume sales picking up pace against slowing pricing increases, according to the latest analysis of NielsenIQ data by Goldman Sachs Equity Research. Dollar sales in U.S. retail rose 7.9% in the two-week period, compared to +7.3% in the four-weeks and +7.8% in the 12-weeks.
Molson Coors Beverage Company’s faith in Dwayne Johnson-backed energy drink brand ZOA is rock solid. The beverage conglomerate “will strengthen its investment” in ZOA as part of its overall Beyond Beer non-alcoholic beverage growth strategy.
It’s an international brand, and now, with cash in hand, it’s time for international growth. That’s the way Icelandic Glacial CEO Reza Mirza categorized this week’s news that the brand had received new equity funding from a group of new and existing investors.
We caught up with Weller CEO John Simmons to learn more about the brand’s experience in both Erewhon and Minnesota in order to learn more about how hemp-derived THC is breaking out into the mainstream and how the brand, which had previously established itself in the CBD category, is using the opportunity to reach new consumers.
Although M&A activity may have slowed amid economic uncertainty over the past year, it’s hardly an anomaly. However, a new report from Rabobank, titled “The New Deal Environment,” says that slowdown means potential buyers and sellers may have to significantly rethink how they approach deals going forward.
Non-alcoholic beverage sales decelerated in the two-week period ending August 12, according to the latest analysis of NielsenIQ data by Goldman Sachs Equity Research. Total retail dollar sales in tracked channels was up 6.7% in the two-week period, compared to +7.4% in the four-weeks and +8.3% in the 12-weeks.
Sketch comedian. Ghostbuster. Vodka entrepreneur. It’s all in a life’s work for Dan Aykroyd. The co-founder of iconic spirit brand Crystal Head Vodka, Aykroyd spoke about the company’s adherence to business fundamentals and premium positioning, what makes him an effective salesman and the limited impact of his celebrity on the brand’s success. He also explained what postal work has to do with the ownership team’s harmonious relationship and answered an infamous question with a “little g.”
Yerbaé has raised over $4 million in the “first tranche” of a new funding round backed by a variety of athletes and entertainers, the Arizona-based plant-based beverage brand announced yesterday.
Organic juice brand Sol-ti has named former Pressed Juicery chief Pawan Kalra as its new president and CEO, who steps into the role as Sol-ti founder Ryne O’Donnell shifts to the role of chairman and “Chief Vitality Advocate.”
In a push to grow awareness for the infused beverage category, the Cannabis Beverage Association (CBA) and the Cannabis Media Council (CMC) are ringing in what they hope will become an annual THC tradition: “820”, aka National Drink Cannabis Day.
Despite making headway on reducing expenses, Reed’s, Inc. reported net sales fell to $10 million in Q2, compared to $13.7 million in the same period last year, during its quarterly earnings call last week.
G Fuel has long focused on selling better-for-you alternatives to mainstream energy drinks through its gamer-centric branding. Now, the company is looking to trade on its authentic reputation in the gaming community by applying that same focus to snacks with its first food product: G Fuel Protein Puffs.
Celsius Holdings reported record high Q2 revenue of around $326 million, up 112% from $154 million in 2022, during its latest earnings report this week.
Boba tea, with its signature tapioca pearls consumed via straw, was once considered to be a cumbersome and impractical product for ready-to-drink formats. But now, sales of the Taiwanese drink in bottles and cans are bubbling up – and fast.
