Jones Soda: ‘Momentum Is Building’ With Innovation-Packed Q2 Earnings
Jones Soda Co. increased revenue in Q2 on the back of a number of new product launches and partnerships across the beverage industry, even as immediate net losses widened.
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Reed’s: Net Sales Gain, Losses Fall in Q2 Earnings
Reed’s, Inc. continued to make strides in its turnaround efforts during Q2 2024, showing a double-digit increase in net sales and further reduction in operating losses in Q2. Net sales in Q2 were up 19% year-over-year to $11.9 million.
Elevator Talk: In Good Company, MADWOMAN, HYDR8, Ceybon AF, Platinum915
Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week's special co-host is Andrew Guard, the founder of Right Coast Brands, who shared his thoughts, questions and feedback with the participants.
Lifeway Reports Record Sales in Q2 As Family Drama Escalates
Lifeway Foods cited volume growth of its flagship drinkable kefir as the key driver of record sales in Q2 2024, according to the company’s latest quarterly earnings report released this morning.
Napa Wine Family Acquires Majority Stake in Dry Fly Distilling
A big name in Napa Valley wine is moving into craft spirits. Charlie Wagner of Caymus Vineyards has acquired a majority stake in Spokane, Washington-based Dry Fly Distilling, the distiller announced today.
Taste Radio: How Everlane’s Founder Is Fashioning Success In CPG
Michael Preysman, the founder of trailblazing fashion company Everlane and Magna, an upstart brand of sports wellness powders infused with magnesium, shares his perspective on differentiation, why Magna’s package draws inspiration from a cigarette brand, how he thinks about and implements a customer service strategy, and how to identify and work with mentors.
Dry Drinks Curator Sèchey Soaks Up New Funding from InvestBev
As it looks to expand its own branded line of NA wines in retail this fall, no- and low-alc drinks “curator” Sèchey announced last week it has received an investment from adult beverage-focused private equity firm InvestBev. Terms of the deal were not disclosed.
Taika’s New Formula for ‘Fueling Creativity’? More Matcha
Beyond a catch-all ‘functional cold brew,’ Taika has further defined itself as “fueling creativity”; it just so happens that ceremonial grade matcha appears to be the preferred octane.
Taste Radio: Simple Is So Powerful. Complicated, On The Other Hand…
A promising brand shut its doors this week, and its founder claimed that a confluence of factors led to its demise. Taste Radio’s hosts, however, wonder if the company’s problems stemmed from a single simple issue. They also riff on the ubiquity of “brat summer,” toss Twinkies and pop bottles of the NA variety.
After An Ugly Breakup, Boisson & Its Former Partners Look For the Way Forward
The adult non-alc industry was rocked in April when pioneering retailer Boisson shut its nine physical stores and filed for bankruptcy. Now, many non-alc brands are still asking questions about the closure, while others are finding opportunity in a growing landscape.
Betting On BLU: Spirulina Beverage Rebrands
FUL Foods has relaunched its sparkling beverage as BLUwater complete with a packaging refresh and reformulated recipe that leans into the functional benefits and color of its hero ingredient, blue spirulina.
New Products: Fanta Summons Beetlejuice, Plus Mooala, Recess, BIGFACE & More
In this week’s new products roundup, BIGFACE ventures into the ready-to-drink coffee space, Fanta summons the one and only Beetlejuice and Recess expands its lineup of Zero Proof mocktails.
Zevia: Sales, Volumes Fall in Q2 Though ‘Demand is Healthy’
Net sales and volumes were down for Zevia during Q2 reflecting a mixed recovery in on-shelf distribution by channel, including some temporary challenges in club, according to the brand’s quarterly earnings report released yesterday.
Laird: “Eye-Popping” Ecommerce Growth Leads Q2 Earnings
Laird Superfood showed “tremendous progress” in Q2 posting net sales of $10 million on the back of its DTC and ecommerce growth.