Buoyed by strong third quarter earnings results this week, Keurig Dr Pepper (KDP) has raised its 2021 net sales growth guidance from 7% to 8% for the year as the company benefits from increased consumer mobility and approaches the end of its three-year post-merger period.
The Coca-Cola Company is in the closing stages of completing its acquisition of sports drink brand BodyArmor at a valuation of around $8 billion, according to media reports.
Following Hattersley’s narrative for the company’s Q3, an analyst asked him to define what success now means for the company in the U.S. Hattersley replied that “the quality of our revenue and changing the shape of our portfolio is what is important to us now.”
The Coca-Cola Company reported “strong” double-digit revenue growth in its third quarter earnings results this week, leading to higher year-end projections as volume sales surpassed 2019 levels amid an “asynchronous” pandemic recovery.
In this week's distribution roundup: Zen Hemp Infusions expands through PFG; KeHE signs new contract with Erewhon; Alkaline88 partners with Ohi and GNC and Woke Up! Energy signs on with Mr. Checkout Distribution.
Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week's special co-host is Adam Louras, a partner with Mercenary, who will share his thoughts, questions and feedback with the participants.
Citing recent supply chain challenges, Credit Suisse lowered expectations for the company’s sales performance ahead of the release of its Q3 2021 earnings report next month. The revised coverage has decreased expected 2021 revenue for the Swedish oat milk maker from $694 million to $685 million.
Aiming to expand outside of the Midwest, Wisconsin-based craft brewery Sprecher Brewing Co. has acquired the brand portfolio of regional soda maker WIT Beverage Co. (WBC) for an undisclosed sum.
Two of the world’s leading beverage companies -- The Coca-Cola Company and PepsiCo -- were named among the world’s top plastic polluters for the fourth year in a row, according to the latest global Brand Audit report from Break Free From Plastic (BFFP), released yesterday.
Omsom co-founder/CEO Vanessa Pham spoke about the company’s vision to break long-standing barriers in the ways ethnic food is perceived and sold, and how the brand became one of the most publicized startups in recent memory. We also feature an interview with Caroline Cotto, co-founder/COO of Renewal Mill, an upcycled food brand that markets ingredients and finished products.
General Mills has expanded its presence in functional kids products with the launch of Doolies, a new line of snacks and beverages containing fiber and probiotics to help prevent and treat occasional constipation in children.
Nearly a year after it was passed into law, recycling-related legislation in California is poised to have a significant impact on bottle production in the country’s biggest economy.
In the spirits space there’s premium, and then there’s premium. Now, as the alcohol industry embraces RTD formats, pre-mixed cocktails are receiving the luxury treatment. The Gold Fashioned is available online and in select retail locations and sells for $150 per 750 mL bottle. Each bottle also comes packaged in a blue and gold box featuring details about the sourcing of each ingredient.
Halloween isn't yet upon us, but this week saw some beverage companies getting into the spirit of the holiday early by embracing of chocolate and mocha flavors (not to mention the ubiquitous pumpkin spice).
