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.
Headlines
![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.
Kroger/Albertsons vs The FTC: What Happens Next?
As speculated last week, the next challenge for the proposed $24.6 billion merger between Kroger and Albertsons is coming from the federal government.
Can Sacred Energy Take Yaupon Mainstream?
Sacred Energy was founded this year by Paul Frantellizzi, a CPG entrepreneur specializing in natural health and wellness foods and supplements, along with his wife and chief brand officer Pamela Peters and business partner Billy Brown, the owner of yerba mate products maker Sol Mate Beverage Group.
Spirits: Export Data Shows Scotch, French Spirits Down; Mezcal Decelerates
Exports of several global spirits slumped in 2023, what does new data say about headwinds facing rising spirits like Scotch whiskey and mezcal?
Taste Radio: ‘Shrooms, Magic & Otherwise, Are On The Rise. Plus, What’s BarTrending?
Mushrooms are having more than a moment. But how far can fungi go? The hosts discuss the potential for “magic” and functional forms of the trendy ingredient. We also speak with Amy Racine, the beverage director for JF Restaurants, about the evolution of on-premise drinking culture.
New Products: G Fuel’s Excellent Adventure With Bill & Ted, Plus Spindrift, Coca-Cola, and More
In this week’s new products roundup, G Fuel goes on an excellent adventure with Bill and Ted, Spindrift reimagines two familiar classics and Mooala introduces a new on-the-go format for its Bananamilks.
United Sodas of America Elects a New President
Election years are marked by major changes in leadership. But while the U.S.A. has until this November to decide their next representatives, United Sodas of America has already elected its new president.