Lukas Southard

Lukas Southard

Senior Reporter, BevNET & NOSH

Lukas Southard is a Reporter covering the food and beverage industries across BevNET and NOSH.

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Posts by Lukas Southard

Genius Juice Shifts Focus, Parts With KeHE

Genius Juice is taking a strategic shift away from growth at all costs seeing innovation as a way towards profitability after a tumultuous end to its distribution partnership with KeHE.

Coffee: Study Details Links To More Steps, Less Sleep, Heart Health

A recent study of 100 individuals published in The New England Journal of Medicine suggests that coffee consumption throughout the day increases physical activity while also negatively impacting a person’s sleep at night; yet, the impact of coffee on the heart are mixed.

Oatly: Supply Chain Strategy Shift Paying Off In Margins

On Wednesday's Q4 earnings call, Oatly announced $195.1 million in revenue, while also informing investors that it had secured $425 million in financing commitments that will allow the business to grow to "self-sufficiency.”

Devil’s Drink: Craft Soda Rises in Craft Beer Country

Devil's Foot Beverage Company has been building a loyal following for its low-sugar, craft sodas in the Western North Carolina region and recently upsized its production capacity to expand in retail across the Southeast.

Hiyo Builds on Non-Alc Trend, Hits Retail Shelves

Non-alcoholic drink brand hiyo increased sales tenfold last year and beat its total sales from January 2022 in the first two days of 2023 saying it could have doubled sales during the month if it had more supply to offer.

KDP: Q4 Net Sales Drive Full Year Double Digit Growth

Keurig Dr Pepper (KDP) expects gross margins will expand in the coming year as pricing and inflation moderate, especially in the company’s coffee segment. It finished 2022 with $14 billion in net sales, a 10.8% growth year-over-year compared to 2021.

Roar Organic Adds $6M To Build Out Sales Team

Roar Organic secured a $6 million capital infusion to expand its sales and marketing teams as it increases its grocery retail presence and prepares for fresh innovation in 2023.

PRIME Lands Multi-Year UFC Partnership

Logan Paul and KSI’s PRIME Hydration has signed a three-year marketing partnership to become the “Official Global Sports Drink of UFC”, replacing BodyArmor which has sponsored the UFC for the past five years.

Zico Rising Nets $14 Million Investment

Zico Rising has raised $14 million, according to an SEC Form D filing submitted on January 27. SEC documents also indicate the company closed a $4 million round in December marking the company's first capital raises since Mark Rampolla, the founder of Zico, purchased the company back from the Coca-Cola in early 2021.