Monster: Q3 Yields Best-Ever Net Sales of $1.25B
Monster Energy Corp. saw net sales of $1.25 billion during the third quarter of 2020, a new company record, according to an earnings report released by the company on Thursday.
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
Costa Coffee Acquires, Rebrands Briggo Machine as BaristaBot
Last week, Coca-Cola announced that it had acquired and rebranded Briggo, makers of an app-controlled, full-service robo-barista kiosk, as Costa Coffee BaristaBot.
Distribution Roundup: Silly Juice, APRCH Expand On West Coast
In this Distribution Roundup, kids juice drink Silly Juice and CBD-infused sparkling water APRCH each expand their respective distribution footprints on the West Coast. Elsewhere, WellWell builds off a successful pilot launch with Walmart, while Flow Alkaline Water enters Sam's Club.
“Cocktail Whisperer” Crafts Cannabis Mocktail Line Klaus
Author and mixologist Warren Bobrow’s new venture — a line of premium THC-infused craft mocktails called Klaus, set to debut at licensed California dispensaries in the Los Angeles area in Q1 2021— is his attempt to supply the cannabis RTD space with injection of real ingredients and complex flavors.
KDP: Q3 Sales Rise, While Honickman Deal Reshapes NY/NJ Distro
Keurig Dr Pepper (KDP) reported a 5.8% increase in net sales in the third quarter, an encouraging performance that saw the company strengthen its full year guidance The company.also announced this week an agreement with The Honickman Companies that will see the beverage company assume sales and distribution of several of its core CSD brands in New York and New Jersey.
Saucey, Emjay Merge to Form Data-Rich “Amazon of Regulated CPG”
In the first step towards its goal of scaling a “best-in-class vertically integrated vice platform,” the newly formed Pacific Consolidating Holdings (PCH) announced today its acquisition and merger of two pioneering companies in the alcohol and cannabis delivery space: Saucey and Emjay.
The Naked Market Targets Breakfast For First Beverage Launch
San Francisco-based CPG company The Naked Market is ramping up for an aggressive new brand launch scheduled over the next 12 months with the debut of its first beverage product, a nutrition shake to be released under the Project Breakfast banner.
Chai Maker Dona To Spinoff RTD Sister Brand Ouli
Brooklyn, New York-based chai maker Dona is spinning off its ready-to-drink portfolio under a new brand called Ouli, a move that the company hopes will attract investors and support its long-term growth ambitions.
Report: Dunkin’ Brands In Sale Talks
Dunkin’ Brands has confirmed that it is in negotiations for a sale to Inspire Brands in a potential $8.8 billion deal, according to a report on Sunday in The New York Times.
Goldman: Coke Q3 Performance Encouraging
The Coca-Cola Company’s performance in Q3 has left Goldman Sachs Equity Research analysts encouraged by what they saw, with better-than-expected organic sales growth indicating a path to recovery in the months ahead.
Propel Immune Support Launch Kicks Off Year of Innovation for Brand
Now on the cusp of its 20th anniversary, Propel is preparing for its biggest year of innovation thus far. First up is the launch of Propel Immune Support, a two-SKU line of flavored waters that contain 100% of the daily value of Vitamin C and at least 30% of the daily value of zinc in each 20 oz. PET bottle.
Proper Wild Raises $3M Funding Round Ahead of C-Store Launch
The New York City-based brand, which markets a three-SKU line of natural energy shots featuring caffeine from green tea, is set to enter 12,000 c-store locations in Florida via DSD distribution over the course of the next six months, starting with a launch in 1,000 stores in November.
As E-Commerce Booms, Iris Nova Eyes Opportunities to Evolve
Somewhere in the overlap between digital disruption and good old fashioned beverage sales, Iris Nova founder and CEO Zak Normandin is seeking the path to long-term profitability.
Coke To Discontinue Tab In Next Round of SKU Cuts
Sugar-free soda Tab, the first diet cola released by The Coca-Cola Company, is the latest brand to be discontinued as part of the company’s ongoing purge of underperforming ‘zombie’ brands.