“For The Folks”: Black-Owned Brands Take On Hard Seltzer
Two brands are taking two different approaches to expansion as they vie to be the "first" hard seltzer brand launched for and by Black people.
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Bestselling author and podcast host Jay Shetty joined Taste Radio for a conversation about his fast-growing adaptogenic tea brand Juni and how it fits into his purview for mental health and physical wellness. He also spoke about how the intersection of human behavior and continued evolution of social media impacts consumer habits and what he means when he says that happiness is “overrated.”
BevNET & Nosh Community Calls This March: SPINS Reveals Plant-Based Category Trends and Bob Burke Shares Advice on How Brands Can Conserve Capital
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JuneShine Acquires Flying Embers in All-Stock Deal
San Diego-based hard kombucha and canned cocktail (RTD) maker JuneShine will acquire beyond beer brand Flying Embers in an all-stock transaction, the company announced today.
Whole Foods to Open Mini “Daily Shop” Stores in New York
The Amazon-owned grocery chain announced today that it will begin opening up new “small-format” stores, called Whole Foods Market Daily Shop, for quick trips in several urban markets, beginning with a Manhattan location this fall.
Taste Radio: When (And Why) New Is Better Than The Original
Natural and organic brands are increasingly developing products that taste remarkably similar to familiar items consumers have long stocked in their refrigerators and pantries. The hosts highlight several such products in this episode and why flavor, texture and mouthfeel (ironically) make all the difference.
New Products: Rowdy Mermaid’s Lunar Berry, Plus GoodBelly, Guayaki and More
In this week’s new products roundup, Rowdy Mermaid grows its core line of canned kombuchas, GoodBelly extends its presence into the seltzer set and Topo Chico makes its first foray into the mixer category.
“What is the purpose of a cocktail?”: Six Questions with Greenbar Distillery
If it’s weird, it must be Greenbar. That could be the tagline for Los Angeles’ first post-prohibition era distillery, Greenbar Distillery, according to its owner.
Celsius: Energy Co. Passes $1B In Full-Year Revenue For First Time
Celsius posted 100% revenue gain in both its fourth quarter and FY2023 earnings report today as it topped $1.32 billion in full year revenue.
SunOpta: Rising Revenue in Q4 Helps Stem More Losses
SunOpta is trending positive despite another year of double-digit revenue declines, beating analysts’ expectations by posting $11.7 million in losses for Q4 2023 and $181.6 million for the year in its latest earnings report.
Monster: Q4 Sales Up Double-Digits amid Lower Freight, Higher Pricing
Though finishing slightly below some analyst expectations, Monster Beverage Company reported strong double-digit growth in its Q4 and full year 2023 earnings report yesterday, as improved expenses boosted gross profit even as headwinds from its alcohol business and Bang acquisition impacted results.
Distribution: RTD Dirty Shirley Partners with SGWS, Expands to New Markets
Ready-to-drink cocktail Dirty Shirley has partnered with Southern Glazer’s Wine & Spirits (SGWS), the company announced today, as it expands the reach of the nostalgic brand into new territories.
Zevia: Sales, Volume Growth Returns in Q4 After Long Slump
After months of struggling sales amid supply chain disruptions, stevia-sweetened soda maker Zevia reported a return to growth in its Q4 and full year 2023 earnings report yesterday. Net sales in Q4 grew 6.9% to $37.8 million, ending a period of consecutive quarterly declines. Full year earnings rose 2% to $166.4 million.
Campari Sales Up 8%; Optimistic for 2024
Campari announced today a +8.2% rise in net sales on a reported basis to $3.1 billion (€2.9 billion) in FY 2023 with a strong end to the year in Q4, driven by aperitifs, tequila and bourbon.