PepsiCo topped analyst expectations in its Q2 2022 earnings report today, as 5.2% quarterly net revenue growth ($20.23 billion) moved the company to raise its full year organic revenue outlook two points to 10%. Earnings per share in Q2 were $1.03 with a -39% change and foreign exchange impact of -2%. Foreign exchange impact on net revenue was -3%. Organic revenue growth was up 13% in Q2 with core EPS of $1.86, up 10%.
Roseade, the original rosé lemonade spritz, is excited to announce a strategic shift in production, from Australia to California. The ready-to-drink spritzer was originally created in 2018 in Victoria, Australia, and launched in the U.S. market via Concurrent Wines in April 2021. Over the past year, Roseade has secured multiple U.S. distribution partnerships and gained popularity with retail and on-premise channels as well as in the convenience category, positioning the brand for continued growth and solidified new roots in the U.S. market through local production.
Alison Cayne, the founder and CEO of Haven’s Kitchen, an innovative and fast-growing brand of refrigerated sauces, spoke about why emphasizing use case and occasion is critical for fueling consumer adoption and repurchase and how effective merchandising of the products has enabled it to become “the ultimate basket builder.” She also explained how to use anecdotal data effectively when pitching to retail buyers and how she found a co-packer that would invest in the brand's future.
Conagen, the Massachusetts-based biotech firm, announced the commercialization of an expansive portfolio of natural sweetness enhancers for taste modification in sugar reduction solutions for food and beverages. The enhancers are made with precision fermentation, a technology that has led to the innovation of an extensive platform of phenolic antioxidants.
Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) (“Flow” or the “Company”) announced that it has officially launched its Flow Vitamin-Infused Water line of products in three new organic flavors: Cherry, Citrus and Elderberry. Flow Vitamin-Infused Water is also now available direct to consumers in the United States through flowhydration.com, with early access available to current Flow customers.
Black-owned South African spirits group Spearhead announced today it has raised $3 million to expand the reach of its two products, Vusa Vodka and Bayab Gin, to the U.S., as well as launch new product lines and accelerate its marketing efforts.
United by a shared commitment to heritage, quality and unexpected, bold flavors, Highland Park Single Malt Scotch Whisky and Big Green Eggare proud to announce an exclusive partnership. The single malt Scotch whisky will serve as the official U.S. Scotch partner of the original American-designed ceramic cooker.
Last month The Coca-Cola Company and Brown-Forman announced the launch of a new Jack & Coke ready-to-drink (RTD) product— but eager U.S. drinkers will have to wait. The new beverage will first launch in Mexico, sparking the question: as RTD growth spreads globally, where are major suppliers headed next, and what will they be looking for?
After completing LA Libations SIP (SoCal Incubator Program) mentorship accelerator, coconut water brand 100 Coconuts has gone from having relatively no West Coast presence to preparing to hit 20,000 stores nationwide by the end of September with distribution deals in major retailers.
Brody's Crafted Cocktails, a line of ready-to-serve craft-style bottled cocktails, has announced it has expanded distribution into Hawaii and available exclusively at Foodland locations, in partnership with Republic National Distributing Company (RNDC of Hawaii), one of the largest wholesale distributors of spirits, wine and beer in the United States. This mission-based beverage brand offers a unique line of ready-to-serve premium spirits based bottled cocktails — perfect for home entertaining, vacationing or serving at your weekend tailgate.
MHS, a single-source provider of material handling automation and software solutions, will bring an interactive booth experience to the Package Fulfillment, Logistics & Delivery (PFLD) Expo July 13-15 at the Duke Energy Convention Center in Cincinnati, Ohio. Booth #504 will feature the combination of MHS automation technologies and Fortna operational optimization software and omnichannel distribution solutions that serves the industry’s need for end-to-end logistics solutions.
Created in 2017 in the volcanic region of Jalisco, Volcán de Mi Tierra was born from a strong entrepreneurial partnership, combining the Gallardo family’s passion for its homeland and deep roots in Mexico, together with Moet Hennessy’s commitment to craftmanship and luxury branding.
Two beloved sparkling water brands are joining forces yet again. SodaStream and bubly are bringing consumers a new way to enjoy the bubly bounce flavors they love from the comfort of home. bubly bounce for SodaStream is now available to purchase in three flavors: Triple Berry, Citrus Cherry and Blueberry Pomegranate. The drops, with 19mg of caffeine, no sweeteners, can be used to kickstart your day or as an afternoon pick-me-up.
Breakthru Beverage Group, a leading North American beverage distributor with operations across the United States and Canada, announced that Stephanie J. Soto has been appointed to the role of Executive Vice President, Chief Human Resources Officer. As a member of the company’s executive leadership team, Stephanie will be responsible for all aspects of Human Resources including the development of a diverse and multifunctional human capital strategy, end-to-end talent management, and labor and employee relations all enabling the on-going growth, productivity, and profitability of the company.
