Coca-Cola: Volume Rebounds in Q4 Amid Headwinds
Coca-Cola closed out FY2024 with organic revenue and operating margin up in double digits driven by higher pricing and moderating volume.
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
100 Coconuts Power Through Partnerships Approach
Amid the growing coconut water set, 100 Coconuts is using partnerships with recognizable properties like Disney and Inter Miami to drive trial and build repeat customers in the natural channel.
Hi-er Highs: Cannabis Beverages Chase THC Dosage
Hemp-derived THC drink brands and beverage-alcohol distributors are growing closer as they seek to open up new opportunities in higher-dose products as value becomes a more pressing metric for shoppers.
On the RIVR: SoCal Tribe Looks ‘Beyond The Reservation’ With Beverages
The Soboba Band of Luiseño Indians have become one of the first Indigenous groups to launch a beverage brand, bringing their unique identity and history to the functional and hemp-derived THC drink categories.
Feelin’ Free: Botanic Tonics Adds Capital, Invests In Supply Chain
Botanic Tonics, makers of Feel Free herbal supplement shot, has secured a $25 million internal investment to support its testing efforts and to secure its kava supply chain.
Riding The RTD Wave: Hiyo Secures Nearly $20M In Funding
Los Angeles-based adult non-alc brand Hiyo has announced a new $19 million investment which included Series A funds, prior convertibles and a “recapitalization."
ZICO Rising Closes Series B Round
Coconut water maker Zico Rising confirmed the closing of a Series B round that raised $9.1 million of an anticipated $9.5 million. The brand would not comment on the details of the investment round.
FDA Moves To Ban Red Dye 3
The Food and Drug Administration announced it has banned the use of the potentially cancer-causing Red Dye 3 in food and beverage using a 1958 provision of the Food, Drug and Cosmetic Act.
Via Carota Lands Investment To Scale Brand
Via Carota Craft Cocktails is on its way to closing a $17.5 million investment round with the goal of becoming a "category-defining" premium RTD mixed drink.
Magic Mind’s ‘Mental Performance’ Elixir Plots Retail Expansion
"Mental performance" shot brand Magic Mind is expanding its functional 2 oz. drinks into more retail doors this year on the back of a strong online subscriber base and a new investment secured last year.
‘The Other White Wine’: Arkansas Sake Maker Plots Future Growth
Arkansas-based Origami Sake is bringing craft sake to American drinkers by pairing its premium-positioned products with transparent packaging callouts, an NA variety and a new distribution partnership.
Saint James Tea Brews A Sports Arena Partnership
Saint James Iced Tea has signed a multi-year partnership at the Barclays Center offering advertising, activation and brand-building opportunities.
A Drink With…Sovereign Brands Founder Brett Berish
Sovereign Brands founder Brett Berish spoke with BevNET about his dynamic approach to brand-building, Pernod-Ricard’s minority investment and why connecting with music has led to a global reach for his brands.
Plant-Based Milk Startup Nutcase Goes All-In on Pro Poker Connections
Flavored cashew milk brand Nutcase is utilizing its ties to professional poker and celebrity streamers to build brand momentum as it opens a $2.5 million seed funding round.