Sales Drop for Jose Cuervo Producer in Q2
The owner of Jose Cuervo reported a drop in net sales in Q2, after volume declined in the U.S. and Canada.
Headlines
BevNET & NOSH Community Calls This August: Crowdfunding, Financial Insights With a CPG Investor, Getting on Thrive Market
This month, we’re introducing two Insider-only Community Calls where we’ll dive into financial insights with a CPG investor and talk with Thrive Market about how the retailer curates brand partners.
Coffee Connection: Equator Teams With Swiss Dairy Giant on Premium RTD Cold Brews
Equator Coffee is teaming with Swiss dairy giant Emmi AG on a joint venture that kicks off with the launch of four-SKU line of premium refrigerated cold brews this summer.
Oatly: Forecasts Slashed After Asia Slowdown
Oatly is pushing to simplify and streamline its operations after a disappointing quarterly earnings report saw the Swedish oat product maker slash its 2023 revenue forecast range from 23% to 28% to a dire 7% to 12%.
Taste Radio: Gen Alpha & A Holy Grail Sweetener. Oh, And, Canada!
Reports and CPG roundups from the Pacific Northwest regions of both the U.S. and Canada, the controversy surrounding children and caffeine and whether honey truffle could be a gamechanger for the food and beverage industry.
This Week’s New Products: Powdered Kombucha, The Weeknd Coffee and Slaughter Berry Iced Tea
In this week’s new products roundup, AdvoCare creates a new way for consumers to enjoy kombucha on the go, Blue Bottle teams up with singer/songwriter The Weeknd and CBD-infused soda maker Mary Jones launches its first crossover flavor release with Jones Soda Co.
How The Bourbon Industry is Coping with a White Oak Barrel Shortage
The current national farm bill, a once-every-five-year piece of legislation that includes a hodgepodge of agricultural and nutrition policy, is set to expire at the end of September. Jason Meyer, executive director of the White Oak Initiative (WOI), is hoping the legislators working on the new bill are bourbon drinkers.
Monster Move: Coke Confirms Bang To Join Distro Network
According to a letter to distributors viewed by BevNET and Brewbound, Tony Short, CEO of Monster-owned beer maker CANarchy Craft Brewery Collective, confirmed previous reports that The Coca-Cola Company has begun the process of onboarding Bang within its national red-truck distribution system, marking the brand’s second go-round with one of the country’s largest beverage suppliers.
KDP: RTD Beverages Drive Q2 Growth, Year-End Guidance Raised
Keurig Dr Pepper (KDP) raised its full year net sales outlook from 5% to 6% growth following a strong Q2 performance in its quarterly earnings report this morning.
Are Kids Kombucha’s Next Key Consumer?
Kombucha already has a hill to climb in winning over the tastebuds of many adult consumers – why make things any harder by targeting kids? Ask Tim Tam Tummy, a new brand offering a take on the traditional functional beverage, aimed at the pint-sized consumer group.
Better Booch “Scratches An Itch” With Sparkling Tea Line
Kombucha company Better Booch launched Cha, a 4-SKU line of prebiotic, sparkling teas, that capitalize on the growing market for gut-healthy beverages with functional benefits.
Kate Farms Founder Laver Returns with Lucky F*ck Energy
Scheduled to launch online August 2, the 38th anniversary of the Delta Air Lines Flight 191 crash he survived, Lucky F*ck is a line of functional, zero sugar energy drinks made with Maca, Beta-Alanine, and 200 mg of caffeine per 19.2 oz. cans.
Campari: Sales Grow in First Half of 2023 Despite Slow Q2
Campari reported 14% organic growth in the first half of the year— boosted by aperitifs, premium bourbon and tequila— but margins were affected by cost inflation.
Coke: Full-Year Outlook Raised As Q2 Earnings Surpass Forecasts
The Coca-Cola Company surpassed analyst forecasts in its Q2 2023 earnings report today, announcing 6% net revenue growth in the quarter ending June 30.