Celsius continues to put distance between itself and the chasing pack, as the number-three ranked energy drink brand reported a 104% revenue increase to $385 million in its Q3 earnings report this morning, up from just $188 million in the same period last year.
BlueTriton Brands has named Joey Bergstein as its next CEO, effective November 28. Bergstein assumes the role from interim CEO Dean Metropoulos.
Montreal-based manufacturing and tech company Relocalize has the capacity to operate over 100 fully autonomous micro-manufacturing facilities within the next three years, said co-founder and CEO D. Wayne McIntyre.
Rising prices and a slight dip in guest traffic have contributed to falling spirits sales in the on-premise channel over the last year, according to a new report from market research firm NIQ’s on-premise data arm CGA.
Dirty Hands is expanding its range of client services in brokerage, merchandising and sales support with the acquisition of CPG sales consultancy firm Burgess Strategic Advisors.
Volume growth within the U.S. alcoholic RTD market has moderated since last year, but the category rose rapidly by value and is expected to continue to grow from $18.2 billion to $21.1 billion by 2027, according to a new report from IWSR Drinks Market Analysis.
Why is a century-old apple orchard and cider company betting big on the future of cannabis? Eddie Brennan, the fifth-generation owner of New York-based Beak & Skiff, discussed its foray into the cultivation of cannabis and production of THC drinks. Also in this episode: the hosts’ take on a new line of zero-sugar juice and what Travis Kelce, Michael Bublé and Matthew McConaughey now have in common.
Those looking for more clarity on Monster Energy’s plans for Bang during the company’s Q3 earnings call yesterday got only a small taste of how the business is approaching its new acquisition.
In this week’s new products roundup, Tribucha Kombucha rocks out with Greta Van Fleet, G.O.A.T. Fuel launches two new exclusive flavors with The Vitamin Shoppe and ZOA, Poppi, Red Bull and Milk Bar unveil festive seasonal offerings.
Monster Energy’s acquisition of Bang, including the purchase of existing inventory, led to a small drag on gross profit during Q3 2023, according to the company’s latest earnings report today.
Milk punch cocktails have made a resurgence at upscale cocktail bars lately, but recreating the milk-wash technique at scale for a ready-to-drink product is no easy task.
Ready-to-drink cocktail Dirty Shirley is moving into several new states and has launched two new flavors, the company announced today, setting the stage for the brand to move a budding cocktail call into the canned world.
After closing a $1.3 million funding round, functional beverage startup Evermind is thinking big as it launches online direct-to-consumer sales. Based in Pennsylvania, Evermind produces a line of plant-based “cognitive elixirs” intended to support brain function and mental energy.
Non-alcoholic beverage sales remain healthy but decelerated sequentially in the two-week period ending October 21 primarily reflecting softer pricing, according to the most recent analysis of NielsenIQ data by Godman Sachs Equity Research.
