Convenience Retail Traffic Slows in July, But Energy Drinks Still Surging
Convenience store foot traffic declined sequentially by approximately 133 bps year-over-year in July vs. June, with all categories besides energy drinks decelerating.
Martín Caballero
Managing Editor, BevNET
Martín writes news articles and feature stories covering the non-alcoholic beverage industry for BevNET. A graduate of Boston University, Martín's previous work has appeared in USA Today, The Boston Globe and The Boston Herald.
Posts by Martín Caballero
Celsius Sales Surge 84% in Q2; Alani Nu’s ‘Breakout’ Adds $301M
Celsius’ billion-dollar bet on Alani Nu is paying dividends, as the female-leaning energy drink brand added $301 million in revenue in Q2 and helped Celsius’ North America achieve 41% growth through the first six months of the year.
Flying High: Drippy Bringing THC Drinks to the Skies With Virgin Airlines
The THC-infused soda brand announced on Wednesday that it has partnered with Virgin Airlines to become the first (official) THC-infused drink to be part of the in-flight beverage program on a major airline.
Danone Is Trying To Buy Lifeway, Again
The clock is ticking on a potential acquisition by Danone of kefir category leader Lifeway, as the French dairy giant is pressuring company leadership to again discuss a deal that has already been attempted twice in the past year.
Premier Protein Powers BellRing in FY Q3, Though Outlook Narrows
Premier Protein’s stronger-than-expected ecommerce performance helped drive growth at BellRing Brands in FY Q3, as net sales increased 6% to over $540 million, according to an earnings statement from the company released Tuesday morning.
PRIME Lawsuit Dismissed; ‘Smidgen’ More Caffeine Immaterial, Judge Rules
A New York Southern District court judge’s ruling last week dismissed a class action suit against Prime alleging the brand’s energy drinks contained more than the listed 200 mg of caffeine per 12 oz can.
Brazil Prepares for 50% U.S. Tariffs Next Week; Coffee, Açaí Under Pressure
Already facing headwinds from global drought, Brazil’s coffee industry has been sweating the prospect of losing its biggest trading partner for weeks, as a 50% tariff would effectively “shut down” that business.
Danone Sues Chobani, La Colombe Over Trademark Claims
French dairy giant Danone is taking its U.S.-based rival Chobani to court over claims that the latter company’s La Colombe Coffee brand has been infringing upon its “Bright & Mellow” trademark, described as the latest attempt to “unfairly compete with Danone and copy Danone's product packaging.”
Distribution: Pressed’s Pack Strategy Expands At Costco
Pressed continues to make progress in expanding its wholesale business, which is rolling out its next grocery-exclusive multi-pack -- this time at over 550 Costco locations nationwide -- this month.
Milo’s is ‘Scaling With Purpose,’ Targeting $1B in Sales by 2027
The Alabama-based brand let its intentions be known this morning, announcing its projection to exceed $1 billion in retail sales by 2027 on the back of significant investments in manufacturing infrastructure over the past three years.
Non-Alc Beverage Volume Falls, But Sales Growth Still Positive
Higher beverage prices covered for falling volume as growth trends remained positive during the two-week period ended July 12, including the July 4th holiday, according to an analysis of NielsenIQ data by Goldman Sachs.
Coke: Pricing Saves Q2 Volume Slide, Costa Coffee Stalls
The soda giant reported a 1% increase in operating revenue against a 1% drop in volume and a 6% bump in pricing during the quarter.
Survey: Convenience Retailers Raise Growth Forecast As Energy Drinks Surge
Positive beverage sales trends have U.S. convenience retailers feeling optimistic despite this year’s economic shockwaves, with growth outlook rising 3.4% according to a Goldman Sachs survey representing around 25% of the channel.
Pepsi Announces New Prebiotic Cola Launching Online This Fall
Months after acquiring poppi, PepsiCo is launching Pepsi Prebiotic Cola, a new two-SKU line featuring three grams of prebiotic fiber per 12 ounce can that is set to launch on Black Friday in November.