UNFI: ‘Lean Management,’ Efficiencies Fuel Q1 Gains
UNFI reported a net loss of $21 million despite increasing sales 4.2% year-over-year in its first-quarter earnings to $7.9 billion with adjusted EBITDA increasing 14.5% to $134 million.
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
A Drink With…Asheville Tea Co. Founder Jessie Dean
After Hurricane Helene pulled its production facility off its foundation, Asheville Tea Co. has used "unbridled optimism" as it rebuilds amid a challenging climate for raising new capital.
Mela Enlists NBA Star Josh Hart Amidst Push For Wide Appeal
With the help of new brand ambassador NBA star Josh Hart, watermelon water brand Mela is taking a broad distribution approach targeting independent convenience and mass retailers.
Bawi Closes $3.5M To Scale Operations
Agua fresca maker Bawi has raised a $3.5 million seed round led by a $1.5 million infusion from Brand Foundry as the Austin-based brand scales operations for a distribution push in 2025.
Jones Soda: Seeks New Leadership After ‘Disappointing’ Q3
Jones Soda reported "disappointing" third-quarter earnings Wednesday afternoon as the company experienced setbacks in its distribution and begins to restructure after key leadership losses.
FedUp Foods’ New Brew
FedUp Foods is using its new Wilmington, N.C. facility to move into to the cold brew category where it will be producing private-label, Regenerative Organic Certified coffee.
Weathering The Storm: Hurricane Helene’s Impact On CPG
In the wake of Hurricane Helene’s devastating impact, we spoke with a handful of brands from North Carolina to hear how they are rebuilding from loss through communal support and entrepreneurial resilience.
Oatly: Gross Margin, Volumes Increase In Q3
Oatly made “solid progress” towards profitability showing double-digit revenue and volume gains in North America with total revenue of $208 million, in the third quarter.
Black Rifle Coffee: Q3 Earnings Focus On Energy Launch
Black Rifle Coffee posted a sales decline in its cafe and direct-to-consumer businesses, reporting net revenue falling 2.3% to $98.2 million.
Game On: Inside Olipop’s Burgeoning Sports Sponsorship Strategy
Olipop is unlocking opportunities by bringing the brand to new consumers through sports sponsorships with a variety of teams from professional basketball to men's and women's soccer.
Generous Brands Repositions As “Dedicated Beverage Company”
Less than six months removed from splitting off of Bolthouse Farms fresh produce, Generous Brands is leveraging its Sambazon partnership and its scale to bring a number of new products to market as it transitions into a "dedicated beverage company."
Distribution: HappyPop Goes To Texas, Ketone Drinks Abound
In distribution news, HappyPop has ventured out of Southern California with a 10-store launch in Central Market locations in Texas while ketone and kava beverages have signed on with Sprouts.
Keychain Unlocks New Opportunities With Hershey’s Investment
Manufacturing B2B platform Keychain recently added $2.5 million from The Hershey Company, bringing the technology company’s total investment to $20.5 million in under a year.
Open Water Unveils ‘Optimistic’ New Packaging
Ten years after launching, Open Water has refreshed its packaging in an effort to highlight the brand's sustainability mission as it aims to increase its retail footprint.