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

Reed’s: Ginger Beverage Maker Reports A Nearly $5 Million Loss

Reed’s Inc. leadership is optimistic that a recent infusion of capital and moving deeper into RTD beverage alcohol will help offset anemic net revenue growth in Q1 2022, as revealed in its quarterly earnings report published on Tuesday.

Agua Bonita is Mad AF at Coca-Cola’s New Aguas Frescas Product Line

Last week, Kayla Castañeda, CEO and co-founder of Hanford, Calif.-based startup and BevNET New Beverage Showdown 21 champion Agua Bonita, posted an Instagram story highlighting how Coca-Cola-owned Minute Maid’s recently launched Aguas Frescas feature marketing similar to her company’s “Real AF” advertising campaign.

FDA Addresses Safety of Foreign Food by Issuing Draft Guidance for Third-Party Certification Program

The U.S. Food and Drug Administration (FDA) in late April announced draft guidance for the Accredited Third-Party Certification, a voluntary program within the Food Safety Modernization Act (FSMA). The guidance aims to encourage more organizations to participate in the Accredited Third-Party Certification Program (also referred to as the Third-Party Program or TPP) which would expedite regulatory approval of foreign food and beverage into the U.S.

Monster: Sales Soar But Costs Cut into Bottom Line in Q1

Monster Beverage Corp. posted strong topline numbers in its Q1 2022 earnings report on Thursday, as net sales rose 22.1% to over $1.5 billion. Yet increased pricing in aluminum and continuing supply chain obstacles pushed distribution costs up by nearly 50% and operating expenses north of $377 million for the quarter, driving a 6.7% drop in net income for the energy drink company.