PepsiCo: Quaker Foods Drags Q1 Amid Strong International Sales Growth
In its Q1 FY2024, PepsiCo reported moderate revenue growth driven primarily through its international business despite Quaker Foods pulling back on earnings.
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
Foxpocalypse? Foxtrot, Dom’s Kitchen & Market Shutter Stores Amidst Bankruptcy Rumors
Outfox Hospitality’s future is unclear today after growing reports indicate that the company has shuttered all its Dom’s and Foxtrot stores today with potential bankruptcy looming.
Once Upon A Coconut Makes Growth Leap, Adds Investors
Once Upon A Coconut has expanded its footprint by devoting resources to ramping up retail distribution and strategizing new ways to reach a broader audience on the back of support from new big name investors.
WTF: Lucky F*ck Energy Announces Rebrand, New Investment
Less than a year removed from its launch, Lucky Energy (formerly Lucky F*ck Energy) has landed a fresh $8 million investment as the energy drink rebrands itself to find new distribution opportunities.
Happy Products Launches RTDs, Targets Younger Coffee Drinkers
Happy products, the coffee brand launched by CPG entrepreneur Craig Dubitsky and Academy Award winner Robert Downey, Jr., has launched a four-SKU line canned coffee drinks less than two months after hitting the market.
“For The Folks”: Black-Owned Brands Take On Hard Seltzer
Two brands are taking two different approaches to expansion as they vie to be the "first" hard seltzer brand launched for and by Black people.
Celsius: Energy Co. Passes $1B In Full-Year Revenue For First Time
Celsius posted 100% revenue gain in both its fourth quarter and FY2023 earnings report today as it topped $1.32 billion in full year revenue.
BFG Continues “Patient” Approach With Fund III Launch
BFG Partners has launched Fund III and has already raised about 70% to its goal of $125 million to provide capital growth to better-for-you food, beverage and personal care brands.
Culture POP Raises $21M In New Investment
Probiotic soda brand Culture Pop raised $21 million from new investors which include Enlightened Hospitality Investments — the investment arm of restaurateur Danny Meyer — and a private investment by Howard Schultz.
Manufacturing Matchmaker: Keychain Uses AI To Bring “Transparency” To CPG Production
Keychain's AI-driven B2B digital tool aims to bring transparency and simplicity to the CPG landscape by streamlining matchmaking between brands and retailers searching for compatible manufacturing partners.
PepsiCo: U.S. Business Lags in Q4, Tempers 2024 Expectations
PepsiCo announced during its Q4 2023 earnings report relatively flat net revenue growth amid challenges in volumes and its North American Beverages and Quaker Foods businesses.
Redcon1 Goes “Prime Time” With Deion Sanders
Sport nutrition and energy drink maker Redcon1 announced today that Deion Sanders has joined the brand as a minority investor and will help build awareness and grow its beverage distribution into new retail channels.
Convenience Cocktails: Pernod-Ricard Goes Deeper In RTS/RTD
Pernod-Ricard is launching a slew of ready-to-serve (RTS) including two new Absolut Vodka varieties, Mojito and Raspberry Lemonade, and a line of Malibu Rum cocktails as it it positions towards convenience-oriented social drinking.
Distribution: Hi Seltzer Partners with Spec’s in Texas
Hi Seltzer, a Kentucky-based brand of infused seltzers made with hemp-derived delta-8 THC, has partnered with Spec’s Wine, Spirits & Finer Foods to distribute its products to on-premise accounts throughout Texas; also, Nguyen Coffee Goes To Texas; Cure Gets Outdoorsy with REI; and 100 Coconuts Gets Deeper With Publix.