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.
News
Monster: Muted +2.5% Sales Growth Reflects ‘Unprecendented’ U.S. Situation; Alcohol Tumbles -31.9%
Monster Beverage Corp. struggled to overcome weak sales growth for its energy drinks in Q2, while its nascent beverage-alcohol division also took a step back.
NielsenIQ: Non-Alc Beverage Sales Worsen in Second Half of July
Non-alcoholic beverage sales growth decelerated as slightly stronger pricing growth was more than offset by weaker volumes in the two-week period ending July 27.
Insider Benefit: BevNET Exclusive Data Reports in Partnership with CGA
As part of our exclusive data series for BevNET & Nosh Insiders, we’re partnering with CGA by NIQ, a trusted On Premise measurement, insight & research consultancy to food & drink businesses across the globe, empowering growth & shaping On Premise strategies for success.
Insider Daily Briefing: Olipop Steps Out Of The Cold Case
In today’s Insider Daily Briefing, Olipop makes its long-awaited move to the middle aisle, while Celsius and Premier Protein maker BellRing Brands deliver quarterly earnings.
BellRing: Premier Protein Drives Double-Digit Q3 Growth As Powders Move Towards Mainstream
BellRing Brands – the producer of Premier Protein and Dymatize brands – reported 15.6% net sales growth to $515.4 million in its Q3 earnings report this morning as the company works to build up demand and household penetration for its shakes and powders.
GrubMarket Acquires Good Eggs
Food tech company GrubMarket has acquired distressed online grocery platform Good Eggs in the latest example of a highly competitive market for ecommerce food delivery companies.
Taste Radio: Recess (R)evolution. How This Pivot Helped Build A Relaxation Empire.
Ben Witte, the founder and CEO of Recess, talks about how he navigated a shift toward a product mix that realizes his vision of a relaxation beverage platform, how the company built a thriving online business and why consumer feedback is the key to its sales and marketing efforts.
Celsius: Record Revenue in Q2, But Gains Slowing Down
Celsius reported a 23.4% rise in revenue in Q2 2024, as the energy drink maker’s growth continued to slow after a prolonged period of significant gains, according to the quarterly earnings report released this morning.
Sober Festival Goers Seeing New NA Options
The functional and THC beverage categories are seizing the opportunity at live music festivals to build brand awareness and recontextualize the overall festival experience while giving promoters a revenue boost among a growing base of consumers moderating their alcohol intake.
The Guys Making PRIME Glow: Label Tech Player CTI Scaling Under New Leadership
For 31 years, Colorado-based Chromatic Technologies Inc. (CTI) has been a leader in beverage packaging innovation, pioneering temperature-sensitive thermochromic inks for products like Coors Light’s famous color-changing cans. Now, under new leadership for the first time since its founding in 1993, the firm is working to scale operations and keep its innovation pipeline full.
Refresco Files $67M Lawsuit Alleging PRIME Maker Congo Brands Backed Out of Production Deal
Refresco Beverages is asking for at least $67 million in damages after accusing former client Congo Brands of backing out of a long-term production agreement for sports drink PRIME, according to a lawsuit filed last week in the Court of Chancery in Delaware.
Insider Daily Briefing: Is AI Marketing Backfiring?
Also in this edition: this week's new products, an exclusive interview with Eric LeGrand Bourbon, why Missouri has tamped down on "unregulated" cannabis products and distribution news from around the industry.
Taste Radio: Is Capital Starting To Flow Again? Plus, A New ‘Fast Track’ Emerges.
Does the announcement of a new $135 million fund offer any indication about the flow of new capital in food and beverage? The hosts discuss and also highlight a Poppi-infused snack, Walgreens’ private label prowess and some “notable” folks. We also feature an interview with five entrepreneurs who are drawing upon their experience and networks to support emerging brands via a new venture.