Campari Sales Dip -0.7% in Q1 As U.S. Sales Decline
Campari remains optimistic about its 2024 performance despite a lag in sales, as it joins other spirits suppliers facing a downward period after pandemic-boosted growth.
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Celsius: Q1 Revenue Jumps 37% as Gross Profit Hits New Company Record
Speaking to investors and analysts on an earnings call this morning, Celsius CEO John Fieldly noted that first quarter revenue was negatively impacted by inventory movements by the brand’s “largest customer,” which was beyond the company’s control, and warned that future inventory fluctuations are expected to occur through subsequent quarters.
Spirits: New RTD Cocktail Releases From OTR, Dogfish Head, Jim Beam & More
With summer quickly approaching, we’re rounding up the newest ready-to-drink cocktail releases. In this gallery, major players like On The Rocks, Jim Beam and Dogfish Head drop new flavors, High Noon makes its first foray into hard tea and Crystal Head capitalizes on the Espresso Martini craze.
Taste Radio: What Keeps Emma Chamberlain Up At Night? It’s Not The Coffee.
Chamberlain Coffee founder Emma Chamberlain and CEO Christopher Gallant join us for a conversation about the brand’s growth strategy and why its identity is anchored by love and modernity. We also unpack Albertsons’ merchandising strategy with Buster Houston, its VP of national merchandising.
NIQ: As RTDs Become Mega Category, FMBs, Spirits-Based RTDs Grab Shelf Space
With changing demographics and drinking habits, and as inflation and desire for convenience shifts shopping patterns, suppliers should view ready-to-drink (RTD) offerings as a unique mega category, according to a new report from NIQ.
Bolthouse Restructures, Creating New CPG Division Generous Brands
Los Angeles-based private equity firm Butterfly is restructuring Bolthouse Farms, separating its produce segment from its fresh juice and salad dressing business.
Super Coffee Founder Jordan DeCicco Named Interim CEO
Super Coffee’s new CEO is a familiar face: founder and chief operating officer Jordan DeCicco has been named interim chief executive as Tyler Ricks departs.
Jimbo’s Pulls Best-Selling GT’s Kombucha After Organic Ingredient Pivot
Organic ingredients may not be a dealbreaker to most retail stores or customers, but for a dyed-in-the-wool natural grocer like Jimbo’s in Southern California, it’s exactly that.
Golf Brand Bob Does Sports Swings into RTDs with Help From BevAlc Influencer Accelerator
The vast majority of shoppers (82%) can’t match influencers to the brands they own, according to a new report from Numerator— but that’s not discouraging influencer or celebrity brands from trying. One BevAlc company, co-helmed by the founder of hydration drink brand Roar Organics, is even building its business model around quickly bringing influencer brands to market.
New Products: TruMoo Star Wars Blue Milk, Plus Pop & Bottle, Sanzo, GURU & More
In this week’s new products roundup, TruMoo takes consumers to a galaxy far, far away with its Star Wars-inspired Blue Milk and coffee giants Starbucks and Dunkin’ release new flavored cold brew concentrates.
Monster: Net Sales Up Double-Digits in Q1
Monster Beverage Corporation reported double-digit net sales growth in Q1 2024, rising +11.8% to over $1.9 billion, according to the energy drink manufacturer’s latest earnings report this week.
Taste Radio: Walmart Is Getting ‘Better.’ But Will Brands Benefit?
When the world’s largest retailer launches a private label brand of better-for-you and affordable food and beverage staples, it stands to reason that their customers will benefit. But how will Walmart's new bettergoods brand impact its existing CPG suppliers? The Taste Radio crew weighs in.
Monster Co-CEO Rodney Sacks Announces Succession Plan in Q1 Earnings Call
Monster Beverage Corporation chief executive Rodney Sacks laid out a likely succession plan Thursday that will eventually see co-CEO Hilton Schlosberg taking over the role entirely, as Sacks is “considering” reducing his day-to-day duties sometime next year.
Tequila Regulators Take Aim at Additive-Free
In the past few years, “additive-free,” a term used to designate tequila that’s been produced without sweeteners and other artificial ingredients, has evolved into a buzzword. And it’s not just wellness crowds, celebrities, and big tequila brands that have clocked the trend— it’s Mexican federal authorities, too.