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

Flow Water: Q3 Earnings Bounce Back From Q2 Poor Showing

Flow Beverage announced a reversal of fortune in its Q3 2022 earnings reporting a consolidated net revenue of CAN$12.7 million in Q3, a 79% improvement from the Q2 and 36% higher than Q3 2021.

Perfect Day Helps Nestlé Build Animal-Free Dairy Beverage

Nestlé's U.S. R&D Accelerator has partnered with animal-free dairy company Perfect Day to launch an alternative dairy "novel product" that will pilot in the U.S. market later this year.

Solving The Problem Of Investment For Food And Beverage Brands

Ryan Williams, the former VP of Finance and Ops at RISE Brewing Co., has created a tool called the Food and Beverage Investor Database (FABID) which aims to help new entrepreneurs in the food and beverage industry navigate the complicated world of fundraising.

Dan Bilzerian’s Cannabis Company Under SEC Scrutiny

Cannabis and vape company Ignite International Brands is being investigated by the U.S. Securities and Exchange Commission for making false or misleading statements in reporting its 2020 financial results.

NielsenIQ: Volumes Drag Down Non-Alc Beverage Sales

Growth of non-alcoholic beverage sales remains positive amid declining volumes and moderate pricing increases leading to decelerated overall sales in the two-week period ending August 27.

Equitea Aims To Open Wellness Space To Communities Of Color

What started as a way to treat mental health for a father and son has evolved into a wellness-focused tea brand with the support of Gwyneth Paltrow that offers both RTD cans and loose leaf blends targeting marginalized communities.

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.