BevNET Live Winter 2020 will feature Designer Speed Dating on Tuesday, December 8. For this round, brands have the opportunity to meet one-on-one with CPG designers. Speed Dating provides a virtual platform for brands to receive feedback on their packaging and create partnerships to do business.
Ginger beer maker Reed’s reported 21% increase in net sales to $10.6 million in the third quarter, according to the company’s latest earnings report, setting the company on track to project 19% growth for the year.
With its third line launch of the year -- a set of low-sugar fruit smoothies which are rolling out at retail now -- plant-based beverage maker Koia is seeking to grow its presence in the cold case. The Koia Smoothie line is available in four flavors: Magic Mango, Rise & Shine, Straw-nana Dream and Tropical Passion.
As the first in a slate of new products set to arrive over the next 18 months, Smart Cups’ Refreshers line -- which launched online today -- is set to help the company drive home its core message with a wider target demographic.
In this episode of Category Close-Up, we’ll be exploring the plant-based milk and creamer category from a variety of perspectives, starting today with our Expert Analysis panel discussion. Over the course of an hour, we’ll hear how this rapidly evolving space is presenting both opportunities and challenges to distributors, retailers and brands, as well as how the overall market dynamics and trends are shaping the outlook for industry analysts and investment bankers.
Sarah Frey, founder & CEO of Frey Farms, spoke about how she engineered her company’s remarkable turnaround despite having no formal business training, how she identified and utilized advantages her company had over larger competitors and how she navigated Walmart’s corporate culture. She also discussed how consumers’ relationship with food has evolved during the Covid era and what she’s learned about building a beverage brand.
NotMilk will debut in Whole and 2% Reduced Fat varieties, which will retail for $4.99 for a 64 oz. carton. Like NotCo’s other products, the milk was developed by matching the animal proteins found in traditional milk to their “ideal replacement” among “thousands” of plant-based ingredients.
With Thanksgiving just around the corner, this Spirts Gallery takes a look at a handful of the notable new spirit releases that we'll be toasting with at the dinner table this year, including a solera-aged rye from Maryland's Gray Wolf Distilling, the second expression in the Heaven's Door Bootleg Series, and a special benefit release from Widow Jane.
While many health brands focus on building a loyal consumer base before being adopted by professional sports teams, tart cherry juice maker CHERRiSH laid its foundation in the athletic channel. But after a year of disruption in the sports world, the Washington-based company is now making a broader pitch to the everyday consumer, repositioning its products as overall wellness drinks for all ages.
Next week BevNET’s New Beverage Showdown 20, the leading business pitch competition for the beverage industry, will feature the founders of the hottest new beverage brands, all competing virtually. The semi finalists have been chosen, as well as the expert judges, who will be providing feedback and ultimately choosing the winner. So let’s meet the players.
Jones Soda turned around roughly 18 months of declining sales this fall, with revenue up 17% to $3.5 million according to the company’s Q3 earnings report this week. Gross profit as a percentage of revenue grew 430 basis points to 46% in the quarter, compared to 21.7% in Q2, while net loss improved to $450,000, compared to $476,000 previously.
Filipp Chebotarev, co-founder of venture capital firm Cambridge SPG, spoke about what he learned from developing an unsuccessful food brand, effective strategies for initiating and cultivating relationships with investors, why he’ll review a 70-page pitch deck under the right circumstances and the general rules that predict success in food and beverage.
Monster Energy Corp. saw net sales of $1.25 billion during the third quarter of 2020, a new company record, according to an earnings report released by the company on Thursday.
In the dust of the HPP juice trend’s decline, two pioneering brands in the space have closed up shop. Last month, the parent companies of BluePrint and Daily Greens announced the two brands would be discontinued in decisions that now appear to be final.
