Non-alcoholic beverage sales growth accelerated in the two-week period ending November 5, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research. Total beverage retail dollar sales were up around 15% in the two-week period, picking up pace compared to 13.7% for the four-week period and 12.7% for the 12-week period.
Espresso martinis have made a comeback at bars, but can their canned counterparts revive the hard coffee segment? Just a few years ago, hard coffee drinks burst into the scene as major brands like Jameson, Jäegermeister, and Pabst Blue Ribbon brought together cold brew and alcohol in bottled or canned form.
As the holiday season approaches, some RTD cocktail brands are leaning into winter-inspired flavors while others are holding onto an eternal summer. Check out this gallery for the latest launches from brands like Spirited Hive, Cutwater Spirits and Dewey Crush.
Dario Wolos, the founder and CEO of fast-growing Mexican-inspired restaurant chain Tacombi and consumer brand Vista Hermosa, spoke about his vision to share Mexican culture through authentic food, hospitality and experience, how the journey of building a business has come to define who he is as an entrepreneur and a leader, and his decision to align with acclaimed restaurateur Danny Meyer.
After years of research and development, sustainable beverage company Cove is introducing its biodegradable bottled water next month in Erewhon stores in California. Since 2018, California-based Cove has been working to develop a truly revolutionary innovation with the potential to address systemic sustainability and recycling challenges: a plastic-free, biodegradable bottle.
Oatly announced it will lay off staff and transition the business to an “asset-light” hybrid production model after reporting a net loss of $107.9 million, with revenue growth falling short of analysts’ expectations, in its Q3 earnings report today.
Poppilu, maker of organic ready-to-drink lemonade for kids, has been acquired by American Beverage Corporation for an undisclosed fee, the company announced today.
A judge from Washington State has extended the temporary block on a $4 billion payout to Albertsons’ shareholders in an effort to halt the cash dividend until the grocery giant’s proposed merger with Kroger can be fully reviewed by federal regulators. Judge Ken Schubert of King County Superior Court last week extended the temporary restraining order (TRO), now effective until Nov. 17.
Trade groups across beer and spirits continue to fight over whether spirits-based, ready-to-drink canned cocktails (RTDs) should be taxed at the same as malt-based alternatives. The argument came to a head this month when Public Sector Consultants (PSC) released a study claiming decreased excise tax rates for spirits-based RTDs have cost consumers more on shelf.
Nova Scotia-based Cove Kombucha unveiled a new look for its line of canned kombuchas this week, ahead of an upcoming U.S. launch. Cove, founded in 2016 by brothers John and Ryan MacLellan, is currently sold in around 1,000 stores across Canada.
In this week’s roundup of new products, Owen’s Craft Mixers teams up with Folds of Honor in honor of Veterans Day, Cove Drinks unveils revamped packaging for its line of kombuchas and Essentia celebrates the holidays early with its Water + Wine Box.
In this episode, the hosts explained why founders regularly attend industry events are often better positioned to support their brands than those who don’t, riffed on the impact of sleek and clever packaging and marveled at a sparkling water brand’s latest LTO. This episode also features a conversation with Michael Lewis, the founder of oomph, a new brand of low-sugar, functional candy.
After announcing a $5.7 million net loss in Q3, Laird Superfoods’ executive team laid out the company’s plans to rebound from a challenging year during its quarterly earnings call on Thursday.
The distribution partnership between Celsius Holdings Inc. and PepsiCo is already paying dividends as the performance energy drink maker beat analysts’ net revenue expectations for Q3 2022, reporting 98% year-over-year growth to $188.2 million in its latest earnings report this week.
