SunOpta: Demand For Plant-Based Products Fuels Record Growth In Q2
SunOpta reported one of its strongest quarters in company history, posting a record $145.9 million in revenue on the back of a record 31% growth in plant-based food and beverage.
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
As Nespresso Joins, B Corp Faces Questions About “Integrity and Relevance”
In April, Nespresso announced it was now a B Corp certified company creating a backlash among other B Corps who say the B Lab's assessment process is "in serious need of repair" and the seal is being used to "greenwash" some companies.
Monster: Q2 Earnings Garners Gross Margins Miss
Monster Beverage Company reported a steep decrease in margins for Q2 2022 as the cost of materials and logistics weighed down record sales of $1.66 billion, a 13% increase from the same period last year. Yet those results were dampened by the soaring cost of sales, which jumped around 40% to $875.3 million.
Monster To Launch Flavored Malt Beverage “The Beast Unleashed”
Monster Beverage Company confirmed its long-rumored entrance into beverage alcohol during its Q2 2022 earnings call on Thursday, announcing that Monster Beast Unleashed, a four-SKU line of flavored malt beverages (6% ABV), will launch in late Q4 2022 with the goal of being nationally distributed by the end of 2023.
Vericast: Inflation Pushes Brands to Craft Marketing Around Generational Differences
Marketing firm Vericast explained in its “2022 CPG and Grocery TrendWatch” consumer report that brands who offer competitive pricing and promotions while optimizing the convenience of online shopping with the in-store experience are more likely to succeed across age groups during the current high inflationary period.
The Pandemic Boosted E-Commerce, What Happens Now?
The pandemic changed how consumers used e-commerce to get products delivered to their doors but the exponential growth of digital shopping platforms has subsided leaving CPG food and beverage companies to reevaluate how they strategize growth and reach consumers online.
Positive Beverage Brings Its Message Of Cleaner Hydration To The Energy Drink Category
The Newport Beach, California-based beverage company spent the pandemic developing its answer to the zero-sugar energy drink category with the release of Positive Energy in three flavors – Tropical Bliss, Watermelon Mania and Poppin’ Orange. The products launched at the beginning of the year with 160g of caffeine from green tea extract and 0 calories in each can, and is positioning itself to target not just traditional energy drink consumers but the whole family.
NielsenIQ: Volume Growth Boosts Non-Alc Beverage Sales
Volume growth improvement over the Fourth of July holiday helped fuel non-alcoholic beverage sales over the two-week period ending July 18, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
Coke: Strong Q2 Earnings Drive Up FY2022 Guidance
The Atlanta-based beverage company reported that net operating revenues were up 14%, $21.8 billion, in the first half of the year compared to the same period last year. The drink maker beat analyst expectations on adjusted earnings per share which were up $0.03 to $0.70 and revenue from $10.56 billion to $11.3 billion.
FDA Issues Misbranding Warning to H2 Beverages
In June, the Food and Drug Administration (FDA) sent a warning letter to H2 Beverages over misleading health claims and misbranded labels of the hydrogen-infused beverages.
Supply Chain Pressure Disrupts Recipes, Drives Inflation, According to Survey
Faced with unprecedented and extended supply chain disruptions, CPG brands are fighting back any way they can. In a June survey by ingredient-sourcing and management platform TraceGains, over 300 food, beverage, and dietary supplement companies reported having expanded their respective co-manufacturer networks and made recipe changes in order to remain agile and resilient during market disruptions.
100 Coconuts Graduates LA Libations SIP, Grows Into National Mainstream Distribution
After completing LA Libations SIP (SoCal Incubator Program) mentorship accelerator, coconut water brand 100 Coconuts has gone from having relatively no West Coast presence to preparing to hit 20,000 stores nationwide by the end of September with distribution deals in major retailers.
Ladder Nutrition Climbs Into Retail Distribution With Vitamin Shoppe
Nutritional sports supplement maker Ladder hopes that entering its first brick-and-mortar retail channel with 690 Vitamin Shoppe stores will broaden its appeal from its base of professional athletes and unlock “active” consumers.
Gym Weed Takes The Blueprint Of Muscle Milk’s Success Into The Social Age
The original founding team behind Muscle Milk is using a similar playbook of incremental distribution in gyms and specialty fitness retailers to grow a new hemp-infused, energy drink called Gym Weed.