Headlines

Vita Coco: Pricing, Volume Gains Drive +23% Net Sales Gain

We may be heading into the winter season, but it's sunny skies above Vita Coco as the coconut water maker continued to grow in Q3, fueled by a fortuitous combination of pricing and volume increases alongside reduced transportation and supply chain costs.

Taste Radio: Expand Your ‘Luck Surface Area.’ It Helped Austin Cocktails Land Big-Time Partners.

Austin Cocktails co-founders Kelly Gasink and Jill Burns explained how being okay with being uncomfortable and striving to expand their "luck surface area” helped them secure partnerships with Madison Square Garden and Constellation Brands, the latter of which led to an acquisition of their company, and how an unorthodox sampling strategy unlocked new retail and distribution opportunities.

Analysis: Why NACS Left Us Hyped on Energy+

As expected, this month's National Association of Convenience Stores (NACS) trade show was a major showcase for the latest and greatest in the still-evolving "energy+" category, which has seen functional ingredients and fitness trends converge with product innovation (and some familiar candy flavors) to create a dynamic new force within the beverage market. BevNET contributor Joshua Schall tracked developments within the space at this year's show.  

Taste Radio: What’s Generating Deal Flow & Investment? Plus, New Collabs We Love.

Why are some investors writing checks while others are content to stay on the sidelines? The hosts discussed a new survey that examines the dynamics of contemporary deal flow. They also spoke about opportunities for entrepreneurs to spotlight their brands at BevNET’s Winter 2023 events and highlighted two food brands that developed new snacks in collaboration with beverage companies.

Gnubees Locks In Coremark As It Eyes U.S. C-Stores

Gnubees believes its better-for-you, juice-adjacent kids drinks have a path towards capturing a significant piece of the category, and it is eyeing the convenience channel as its route to get there.

Campari: Weaker Q3 Amidst Market Normalization

Fueled by robust pricing and strong performances from its aperitifs, tequilas and bourbon, Campari reported 10.5% organic growth in its first nine months of FY 2023, though that news was tempered by weaker results in Q3, the company reported during its earnings presentation today.

KDP: Beverage Grows, But Coffee Drags on Q3 Earnings

Keurig Dr Pepper (KDP) reported a 5.1% increase in net sales to $3.81 billion during the Q3, according to an earnings statement released this morning highlighted by the news of its distribution agreement with sports drink brand Electrolit.