PepsiCo announced today in its Q1 earnings call that it has entered an exclusive U.S. distribution agreement with Bang Energy, the performance energy drink brand produced by Vital Pharmaceuticals, furthering the conglomerate’s goal of becoming a competitive player in the global energy drink market.
Keurig Dr Pepper (KDP) weathered headwinds from the COVID-19 global pandemic to deliver growth across all four product segments during Q1 2020, with Packaged Beverages helping drive net sales up 4.4% ($2.61 billion), according to an earnings report released Monday.
As the world prepares to enter the third month of the COVID-19 pandemic, the CPG industry is still working to adapt to a radically altered marketplace. Last week, three new reports from market research firms IRI, Datassential and Blue Chip, shone light on how consumer behavior has changed since March and what the industry should anticipate as the crisis eases and a new normal for consumer buying habits emerges.
New Hampshire-based NOBL Beverages, working with a group of private equity investors, has acquired defunct energy drink brand MATI for an undisclosed sum and plans to relaunch the organic drink line this year, the company announced today.
BevNET and NOSH’s new interactive streaming video series, Office Hours, will take place on Tuesdays at 3pm ET. The one-hour live call-in show aims to help food and beverage professionals connect with industry experts for helpful guidance and strategic insights during a time of uncertainty.
The food and beverage industry continues to step up and lend support to those in need during the COVID-19 pandemic. In this roundup, we highlight brands’ efforts to give back, including a Giving Back Giveaway featuring ten food and beverage brands and donations being made to support marginalized communities in New York City.
Minneapolis-based startup Friendship Beverages is rolling out its first two brands — sparkling energy water Chirp and enhanced water Juni — at Target stores across the state this month.
Lee Robinson, Director of Dairy & Beverage at Whole Foods Market, discussed best practices for engaging with retail buyers, why he urges entrepreneurs to be transparent about their business and innovation strategies, how he evaluates disruptive concepts, his perspective on the future of plant-based food and setting expectations for communication with buyers amid the current crisis.
Since participating as a semifinalist in New Beverage Showdown 16 two years ago, Ashi Jelinek, founder and CEO of kids beverage brand KidsLuv, has managed to stay busy. From expanded distribution to new product positioning and refreshed packaging to a new flavor rolling out next month, KidsLuv has been focused on growing across the board.
Laird Superfood has secured a $10 million investment from Danone Manifesto Ventures, the company announced today. The Sisters, Ore.-based brand, founded in 2015, markets a variety of “superfood” products, including creamers, coconut water, nutrition powders, drink mixes and plant-based sugars.
Pernod Ricard announced a 2.1% decline in sales for the first nine months of fiscal year 2020 and a 14.5% drop for the quarter in its Q3 earnings report yesterday, as the impact of the COVID-19 pandemic has begun to hit the spirits conglomerate’s bottom line.
Donna Hockey is the founder of Surreal Brewing Company, an early stage non-alcoholic craft beer brand that offers innovative brews with 0g of sugar, 17-50 calories per can, and reduced gluten, in a variety of styles. The brewery is serving the non-alc movement, reaching consumers that don’t want to compromise their health goals, while still enjoying happy hour.
Colorado-based New Age Beverages was one of a number of publicly traded companies to have claimed loans under the Paycheck Protection Program (PPP), according to research by the investment bank Morgan Stanley.
The eighth round of interviews with food and beverage brands includes WithCo Cocktails, O2 Recovery, Brainiac Kids, Cuvee Coffee and more. This week's special co-host is Darren Rovell of Tastemaker Capital, who will offer an investor's perspective and provide feedback for each brand.
