Jones Soda turned around roughly 18 months of declining sales this fall, with revenue up 17% to $3.5 million according to the company’s Q3 earnings report this week. Gross profit as a percentage of revenue grew 430 basis points to 46% in the quarter, compared to 21.7% in Q2, while net loss improved to $450,000, compared to $476,000 previously.
In the dust of the HPP juice trend’s decline, two pioneering brands in the space have closed up shop. Last month, the parent companies of BluePrint and Daily Greens announced the two brands would be discontinued in decisions that now appear to be final.
Olaf Zachert has been named interim CEO of beverage portfolio company Brands Within Reach (BWR) following its $15 million acquisition by Zachert Private Equity in September.
Cannabis-infused beverage brand Cann announced last week that it has received investments from a roster of high profile backers including Goop founder Gwyneth Paltrow; actors Rebel Wilson, Ruby Rose and Darren Criss; NBA point guard Baron Davis; singer Tove Lo and YouTuber Casey Neistat.
The new products include non-perishable versions of the brand’s existing SKUs, including Original Bananamilk, Unsweetened Coconut Oatmilk, and original and vanilla bean versions of its Unsweetened Almondmilk. The milks retail for $4.33 per 1 liter carton while the creamers, available in Banana Nut, Oats ‘n’ Creme and Vanilla Bean flavors, sell for $3.74 per 11 oz. Tetra Pak.
Keurig Dr Pepper (KDP) reported a 5.8% increase in net sales in the third quarter, an encouraging performance that saw the company strengthen its full year guidance The company.also announced this week an agreement with The Honickman Companies that will see the beverage company assume sales and distribution of several of its core CSD brands in New York and New Jersey.
Sparkling yerba mate beverage brand CLEAN Cause announced today that it has named former Red Bull executive Chad Peffer as its president and chief commercial officer, a move with an eye toward helping the brand scale operations in the coming months.
ROAR Organic Expands in 7-Eleven; Harmless Harvest Launches Ecommerce; Jèn Collagen + Aloe Vera Drinks Grows Footprint; Lemon Perfect Enters Wegmans; Tractor Beverage Company Adds B.GOOD Locations
Slumping on-premise accounts “more than offset” an increase in retail sales for The Coca-Cola Company during Q3 of this year, according to a company earnings report released today. Global case unit volume fell 4% in the quarter, while net revenues declined 9% year-over-year. Organic revenues fell 6% and operating income was down 8%
Vertosa, a California-based cannabis infusion company specializing in emulsion technology, this month announced a slate of partnerships to develop THC-infused drinks with multiple beverage companies this fall, including beer maker Pabst Blue Ribbon (PBR) and sessionable tonic maker Cann.
Bulletproof 360 is launching redesigned packaging and a new line of cold brew lattes as the company targets nationwide, omnichannel retail expansion. The new packaging is aimed at streamlining the brand’s look and feel across all products, including beverages, food and supplements
After six years of bootstrapping, cocktail mixer and cannabis beverage maker 18.21 Drinks is targeting rapid growth through a rebranded product portfolio rolling out now.
A slate of low calorie, functional products bearing the hallmarks of classic sodas has begun hitting the shelves nationwide. Generally focused on promoting gut health through the addition of pre- and probiotics, these products are still young and not wholly proven, but strong sales momentum and institutional interest suggest they may have the potential to become a viable new subcategory.
CBD sparkling water maker Sweet Reason is expanding its platform as a relaxation-driven beverage brand with today’s launch of Evening Blend, a new line of adaptogen-infused beverages containing 30 mg of broad spectrum hemp CBD per bottle.
