Oatly: Gross Margin, Volumes Increase In Q3
Oatly made “solid progress” towards profitability showing double-digit revenue and volume gains in North America with total revenue of $208 million, in the third quarter.
Lukas Southard
Senior Reporter, BevNET & NOSH
Lukas Southard is a Reporter covering the food and beverage industries across BevNET and NOSH.
Posts by Lukas Southard
Black Rifle Coffee: Q3 Earnings Focus On Energy Launch
Black Rifle Coffee posted a sales decline in its cafe and direct-to-consumer businesses, reporting net revenue falling 2.3% to $98.2 million.
Game On: Inside Olipop’s Burgeoning Sports Sponsorship Strategy
Olipop is unlocking opportunities by bringing the brand to new consumers through sports sponsorships with a variety of teams from professional basketball to men's and women's soccer.
Generous Brands Repositions As “Dedicated Beverage Company”
Less than six months removed from splitting off of Bolthouse Farms fresh produce, Generous Brands is leveraging its Sambazon partnership and its scale to bring a number of new products to market as it transitions into a "dedicated beverage company."
Distribution: HappyPop Goes To Texas, Ketone Drinks Abound
In distribution news, HappyPop has ventured out of Southern California with a 10-store launch in Central Market locations in Texas while ketone and kava beverages have signed on with Sprouts.
Keychain Unlocks New Opportunities With Hershey’s Investment
Manufacturing B2B platform Keychain recently added $2.5 million from The Hershey Company, bringing the technology company’s total investment to $20.5 million in under a year.
Open Water Unveils ‘Optimistic’ New Packaging
Ten years after launching, Open Water has refreshed its packaging in an effort to highlight the brand's sustainability mission as it aims to increase its retail footprint.
PepsiCo: Food Sales Weigh Down Q3 Earnings
PepsiCo announced slow food brand sales dragged down its Q3 earnings as “business disruptions” internationally lowered its organic revenue growth outlook.
Betting On Breast Milk: Is Lactoferrin CPG’s Newest Functional Ingredient Obsession?
Bioactive protein lactoferrin used in supplements and infant formula is usually derived from cow’s milk but a number of precision fermentation companies are using innovative processes to create a less expensive and more sustainably sourced ingredient.
Barcode Posts Up New NBA Partnerships
Sports drink maker Barcode is now the official performance drink of both the San Antonio Spurs and the Miami Heat with five-year deals granting the brand marketing in-arena as well as additional distribution opportunities.
Another Round? How Adult NA Retailers Keep Customers Coming Back
Adult non-alc retailers are responding to growing demand and increased competition by focusing on experiential and community building retail strategies to keep consumers coming back for more.
Lucky Energy Closes $11M Funding Round
Lucky Energy (formerly Lucky F*ck Energy) has closed an oversubscribed Series A netting $11.75 million in a round led by Brand Foundry with additional capital from Imaginary Ventures, Sapphire Sport and Sugar Capital.
Low-ABV Brands Aim To Prove They’re More Than ‘Diet’ Wine
Low-ABV wine is trying to thread the needle between non-alc and moderating consumers by offering a product that assuages the health concerns of alcohol consumption while maintaining the flavor and experience of traditional wine.
Working It Out: Will THC Infused Sports Drinks Improve Category Performance?
After a lackluster adoption in the early 2020s, a second wave of CBD-infused hydration and sports drinks is building a new consumer base alongside the successful adoption of low-dose, hemp-derived cannabis beverages.