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.
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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.
Distribution: Juvee Hits The Target, Supergut Gets GLP-1 Wild
In the latest distribution roundup, Juvee capitalizes on the reach of its new owners, Illicit Elixirs aligns with fitness and Lemon Perfect goes national in one of the biggest natural channel retail chains.
Nutrabolt Bolsters Leadership Team With Former Red Bull, Hostess Execs
Nutrabolt, the parent company of C4 Energy and Cellulacor, has revamped its leadership team with three new executive-level appointments.
Walmart Doubles Down On Private Label With Premium, Accessible bettergoods Debut
The country’s largest grocery retailer is setting up to capitalize on consumers’ growing affinity for private label offerings amid continued, heightened food prices. Walmart debuted its new store brand, bettergoods, today with over 300 unique products.
Beam Suntory Rebrands to Suntory Global Spirits
Beam Suntory is rebranding to Suntory Global Spirits, a move that both reflects back on the decade since the Japanese spirit giant acquired the maker of Jim Beam, as well as the company’s continued evolution into a global premium spirits and ready-to-drink competitor.
Coca-Cola Raises FY 2024 Sales Guidance on Global Demand, Price Hikes
The Coca-Cola Company raised its full-year organic sales guidance on Tuesday after posting first quarter 2024 earnings and revenue that surpassed analysts’ expectations, propelled by strong global demand amidst a “dynamic backdrop.”
Taste Radio: For Elizabeth Banks, Entrepreneurship Is Like Acting: Unconventional Is The Only Way
Hollywood multi-hyphenate Elizabeth Banks and entrepreneur Marian Leitner, the co-owners of fast-growing canned wine brand Archer Roose, speak about the origins of their relationship; incorporating a sense of adventure, breaking rules and relatable humor into Archer Roose’ marketing strategy; and why entering Target meant being about “to swing at a pitch they could hit.”
Oatly: North America Spurs Q1 Margin Gains, Revenue Growth
Oatly hailed “progress on [its] three strategic pillars” during its first quarter 2024 earnings call this morning, casting a positive tone on a report that highlighted volume growth, margin gains and cost cuts.
OWYN Acquired By The Simply Good Foods Company
The Simply Good Foods Company (SGFC) is adding more muscle to its brand lineup. The publicly-traded company announced today it will acquire Only What You Need (OWYN) for $280 million in a cash transaction.
BevNET & Nosh Community Calls This May: Thriving on Sprouts’ Shelves, Foxtrot Fallout, Strategic Customer Collaboration, and Building Your Dream Team
Get ready for our May Community Calls! This month, learn what to do when a key account disappears, how to leverage NCG to amplify sales and distribution, find advisors and assemble a board, curate a winning portfolio with customer feedback, and get on shelf at Sprouts. Our May calls are free and open to the public - just register in advance and mark your calendar.
BevNET Launches New Press Release Portal
With our new self-service press release portal, you can get your press release / news posted more quickly with increased control over formatting AND the ability to make changes after publishing.