“Unreasonable Innovation”: Tip Top Cocktails on 2024 Lineup and Strategy
If Tip Top Proper Cocktails had the resources, it would’ve released 11 new styles of canned cocktails this year.
Headlines
Blue Stripes Wants Consumers to Sweeten Up to Cacao Water
How do you educate consumers on the herbological origins of chocolate while they’re standing in the store aisle, deciding whether or not to try their luck on a drink called “Cacao Water”? Five years into his cacao products venture Blue Stripes, chocolatier Oded Brenner has yet to find the perfect answer. But he’s getting closer.
Taste Radio: Is Superfood Still Relevant? And, Why Is ‘Rampage’ On A Kick?
Dates, consumed for millenia, are having a modern moment. But can the superfood maintain its momentum, particularly among mainstream consumers? And, while we’re asking: has “superfood” lost its luster? Taste Radio’s hosts have their say. We also sit down with MMA icon Quentin “Rampage” Jackson, who is a partner with upstart beverage brand F3 Energy.
New Products: Collabs From Alani Nu and C4; Naked Launches Lower Sugar
This week’s new product gallery reads a bit like a superhero team-up comic, thanks to a few eye-catching collaborations from C4, Alani Nu, and Gatorade. Plus, Bones Coffee takes coffee drinkers to a galaxy far, far away.
Spirits: On-Premise Sales Steady, Vodka Finds Promise in Fine Dining
Spirits sales at restaurants and bars are mostly steady, with recent data from WSWA’s SipSource and NIQ’s CGA revealing more optimism for the year but still pointing to lower growth levels than in past years. In other happenings on-premise, March Madness was a slam dunk for bars and vodka may find more possibilities in fine dining.
SunOpta: ‘Broad-Based’ Demand Fuels Double-Digit Revenue Growth in Q1
SunOpta reported double-digit gains in both revenue growth and gross profit in its Q1 2024 earnings report released yesterday, with the plant-based milk supplier feeling “encouraged by the progress of our capacity investments,” per CEO Brian Kocher.
Zevia: Net Sales, Volumes Drop In Q1; DSD Launching in Pac NW
Soft top-line numbers overshadowed progress made in recovering from temporary distribution losses and a forthcoming move into DSD, according to Zevia’s Q1 2024 earnings report released after market close yesterday.
Laird Superfood: Q1 Earnings Marks Return to “Growth Story”
Don’t call it a turnaround – at least that was the attitude of Laird Superfood CEO Jason Vieth during the nutrition brand’s Q1 2024 earnings call yesterday, declaring that the “turnaround story has officially become a growth story once again.”
Black Rifle: Q1 Revenue Gains Fueled By +51% Wholesale Growth
Black Rifle Coffee Company (BRCC) reported a robust 51% y/y wholesale growth in the Food, Drug and Mass (FDM) market, despite softening performance from its brick-and-mortar cafes.
Not Another ‘Keto’ Product: Ketone RTDs Seek Place Within Emerging Functional Set
Ketone-enhanced beverages have been slowly making their way off the supplement shelves and into functional drinks sets positioning as energy, non-alcoholic alternatives and mental clarity options.
Elevator Talk: Bollygood, Bear Maple, Blaze n Chill, Vitaminis, Perfect Energy
Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week's special co-host is Paul Beaupre, the founder of BoPray Consulting, who shared his thoughts, questions and feedback with the participants.
Campari Sales Dip -0.7% in Q1 As U.S. Sales Decline
Campari remains optimistic about its 2024 performance despite a lag in sales, as it joins other spirits suppliers facing a downward period after pandemic-boosted growth.
Celsius: Q1 Revenue Jumps 37% as Gross Profit Hits New Company Record
Speaking to investors and analysts on an earnings call this morning, Celsius CEO John Fieldly noted that first quarter revenue was negatively impacted by inventory movements by the brand’s “largest customer,” which was beyond the company’s control, and warned that future inventory fluctuations are expected to occur through subsequent quarters.
Spirits: New RTD Cocktail Releases From OTR, Dogfish Head, Jim Beam & More
With summer quickly approaching, we’re rounding up the newest ready-to-drink cocktail releases. In this gallery, major players like On The Rocks, Jim Beam and Dogfish Head drop new flavors, High Noon makes its first foray into hard tea and Crystal Head capitalizes on the Espresso Martini craze.