“What is the purpose of a cocktail?”: Six Questions with Greenbar Distillery
If it’s weird, it must be Greenbar. That could be the tagline for Los Angeles’ first post-prohibition era distillery, Greenbar Distillery, according to its owner.
Headlines
Celsius: Energy Co. Passes $1B In Full-Year Revenue For First Time
Celsius posted 100% revenue gain in both its fourth quarter and FY2023 earnings report today as it topped $1.32 billion in full year revenue.
SunOpta: Rising Revenue in Q4 Helps Stem More Losses
SunOpta is trending positive despite another year of double-digit revenue declines, beating analysts’ expectations by posting $11.7 million in losses for Q4 2023 and $181.6 million for the year in its latest earnings report.
Monster: Q4 Sales Up Double-Digits amid Lower Freight, Higher Pricing
Though finishing slightly below some analyst expectations, Monster Beverage Company reported strong double-digit growth in its Q4 and full year 2023 earnings report yesterday, as improved expenses boosted gross profit even as headwinds from its alcohol business and Bang acquisition impacted results.
Distribution: RTD Dirty Shirley Partners with SGWS, Expands to New Markets
Ready-to-drink cocktail Dirty Shirley has partnered with Southern Glazer’s Wine & Spirits (SGWS), the company announced today, as it expands the reach of the nostalgic brand into new territories.
Zevia: Sales, Volume Growth Returns in Q4 After Long Slump
After months of struggling sales amid supply chain disruptions, stevia-sweetened soda maker Zevia reported a return to growth in its Q4 and full year 2023 earnings report yesterday. Net sales in Q4 grew 6.9% to $37.8 million, ending a period of consecutive quarterly declines. Full year earnings rose 2% to $166.4 million.
Campari Sales Up 8%; Optimistic for 2024
Campari announced today a +8.2% rise in net sales on a reported basis to $3.1 billion (€2.9 billion) in FY 2023 with a strong end to the year in Q4, driven by aperitifs, tequila and bourbon.
![Vita Coco: Price Hikes Don’t Slow Q4, FY 2023 Sales & Volume Gains [Updated]](https://dg6qn11ynnp6a.cloudfront.net/wp-content/uploads/2024/02/28112916/bevnet_vitacoco_public_thumbnail-150x150.jpeg)
Vita Coco: Price Hikes Don’t Slow Q4, FY 2023 Sales & Volume Gains [Updated]
The Vita Coco Company reported solid growth in both net sales and volume during Q4 2023 and FY 2023, as a focus on driving the company’s flagship coconut water into more occasions continues to drive profitability.
Marketing: Olipop Lists ‘Dream Job’ for Content Creating Besties; ZOA Wants Consumers to Channel Their BDE
If you’ve been searching for a way to get paid for traveling around the country alongside your bestie, OLIPOP has you covered. The prebiotic soda brand is hiring two Senior Soda Consultants to travel to four major cities this spring and summer to share their love of OLIPOP with locals.
Hard MTN Dew Moves to Beer Network, Going to All 50 Markets as Blue Cloud Changes Course
Hard MTN Dew is transitioning to Boston Beer Company’s beer distributor network and will expand to all 50 states, outgoing Boston Beer CEO Dave Burwick said on Tuesday during the company’s full-year and Q4 earnings report.
Taste Radio: ‘When You Try To Quantify The Magic, That’s When It Stops.’
Kevin Lee, the co-founder of fast-growing better-for-you ramen brand immi, explained how an emphasis on community building has paid off, why the company doesn’t stress about a financial return on its investment in social media and why monthly strategy calls end with urgency about the unknown.
BFG Continues “Patient” Approach With Fund III Launch
BFG Partners has launched Fund III and has already raised about 70% to its goal of $125 million to provide capital growth to better-for-you food, beverage and personal care brands.
BLK & Bold Expands Charitable Mission with New Non-Profit Foundation
The Des Moines, Iowa-based brand announced the new 501(c)(3) non-profit today, which will be run by BLK & Bold co-founder and Chief Values Officer Rod Johnson. The company currently donates 5% of gross proceeds to a group of 14 different organizations as part of its For Our Youth (FOY) Initiative.
With Thinking Tree Acquisition, Heritage Distilling Reaches Deeper into Regional Growth
In a move foreshadowing one way in which consolidation in the craft spirits world may potentially evolve, Heritage Distilling Co last week announced the acquisition of fellow Eugene, Oregon-based spirit company, Thinking Tree Spirits.