KDP reported today a 5.2% year-over-year net sales increase to $4.1 billion in Q4, driven by segment growth in U.S. refreshment beverages and international markets despite dragging from an ongoing decline in U.S. coffee sales.
Celsius is riding high after posting a record $1.36 billion full-year 2024 revenue and announcing its acquisition of Alani Nu in its earnings report yesterday, but it also revealed some challenges in recent months.
The energy drink market just got a little smaller, as Celsius Holdings announced today it has agreed to acquire competitor Alani Nu for $1.8 billion, comprising a mix of cash and stock.
Actor and singer Hailee Steinfeld is the latest celebrity seeking to make a splash in the RTD cocktail space, announcing today the launch of Angel Margarita in partnership with Jordi Zindel and Rodrigo Hernandez of Premium Beers Group.
Seeking to take a bigger bite swig out of the U.S. beverage industry, global flavor and fragrance solutions provider Symrise announced in December the relaunch of its beverage incubator under the new bWorks brand name, pivoting to focus overall on packaged beverage development for companies of all sizes.
PepsiCo will spend the year ahead restoring consumer demand for snacks and drinks in North America after facing revenue declines in Q4 2024, CEO Ramon Laguarta said in an earnings report today.
Pinhook Bourbon has pulled in $10.5 million from undisclosed private equity and family office investors to support the expansion of its sales and marketing teams and strengthen consumer engagement through experiential marketing.
Brown-Forman, the leading exporter of U.S. spirits to the world, announced today plans to cut 12% of its global workforce of 5,400 employees, seeking to position the company for future…
Despite strong order demand from its retail partners, ginger beer producer Reed’s saw sales and profit declines in Q3 due to “repetitive” production limitations and short shipments, according to the company’s latest earnings report.
Forty-five-year-old vertically integrated beverage manufacturer Trilliant Nutrition, whose portfolio includes brands like Victor Allen, Aspen Ridge and Study Fuel, is looking for growth opportunities beyond the coffee category with the launch of Nurri ultra-filtered protein milk shakes, exclusively available at Costco.
Keurig Dr Pepper (KDP) today posted a 2.3% year-over-year increase in net sales to $3.89 billion in Q3, fueled by segment growth in U.S. refreshment beverages and international markets that was weighed down by a continued decline in U.S. coffee sales.
Blue Stripes, the brainchild of renowned chocolatier Oded Brenner, is aiming to generate brand awareness, drive sales and roll out new marketing efforts to support its whole cacao products with the support of a recent $20 million Series B funding round led by Zintinus.
Blue Stripes, a purveyor of sustainable cacao fruit-based food and beverage products, announced today it has raised $20 million in a Series B funding round intended to help the brand advance its whole cacao process technologies, develop new products and expand distribution.
The 76-year-old brand today unveiled a refreshed visual identity that leans into its origins in the foothills of the Tennessee mountains while placing a new emphasis on “energizing refreshment” and togetherness. The refresh spans all elements of Mountain Dew branding – from its logo to its color scheme to its label callouts.
