Beverage sales over Memorial Day weekend âbroadly met or exceeded expectationsâ of beer distributors and convenience channel retailers, according to the latest Beverage Bytes survey by Goldman Sachs Equity research.
In January 2022, having bounced back from a period of major revenue declines and operating losses, leading U.S. kefir manufacturer Lifeway Foods announced a new phase for the decades-old brand dubbed âLifeway 3.0â with a focus on growth and scaling.
Late last year, sparkling beverage maker Sound was facing an existential crisis. Social media had gone quiet and consumers seeking out its canned botanical and tea drinks online and in stores were met with months-long out of stocks.
In the military Jocko Willink led troops into battle in Iraq and in business heâs built a lifestyle media brand around leadership and discipline, but now â as he looks to expand his beverage platform Jocko Fuel â can he conquer the field of DSD? And more importantly, can he build a brand that can thrive beyond its namesake founder?
Sparkling beverage brand Sound is back in supply after its acquisition this month by operating partner Next in Natural, a New York-based private equity firm specializing in better-for-you CPG.
Non-alcoholic beverage sales remained stable across the two-week period ending May 4, 2024, as volume growth picked up while pricing moderated, according to the latest analysis of NielsenIQ scanner data by Goldman Sachs Equity Research.
Loom, the brainchild of Bill Butrymowicz, VP at Jersey Shore DSD house Seaview Beverage, is a new line of juice drinks that will begin rolling out to stores and online this summer. Butrymowicz will be leading the brand as CEO while also continuing to run the distribution business that was founded by his father, using Seaviewâs fleet as an immediate entry point into the market.
How do you educate consumers on the herbological origins of chocolate while theyâre standing in the store aisle, deciding whether or not to try their luck on a drink called âCacao Waterâ? Five years into his cacao products venture Blue Stripes, chocolatier Oded Brenner has yet to find the perfect answer. But heâs getting closer.
Donât call it a turnaround â at least that was the attitude of Laird Superfood CEO Jason Vieth during the nutrition brandâs Q1 2024 earnings call yesterday, declaring that the âturnaround story has officially become a growth story once again.â
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 brandâs âlargest customer,â which was beyond the companyâs 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 manufacturerâs 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 âconsideringâ 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 âChief FNSHerâ 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.
