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.
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Vita Coco: Price Hikes Don’t Slow Q4, FY 2023 Sales & Volume Gains [Updated]
The Vita Coco Company reported solid growth in both net sales and volume during Q4 2023 and FY 2023, as a focus on driving the company’s flagship coconut water into more occasions continues to drive profitability.
Marketing: Olipop Lists ‘Dream Job’ for Content Creating Besties; ZOA Wants Consumers to Channel Their BDE
If you’ve been searching for a way to get paid for traveling around the country alongside your bestie, OLIPOP has you covered. The prebiotic soda brand is hiring two Senior Soda Consultants to travel to four major cities this spring and summer to share their love of OLIPOP with locals.
Hard MTN Dew Moves to Beer Network, Going to All 50 Markets as Blue Cloud Changes Course
Hard MTN Dew is transitioning to Boston Beer Company’s beer distributor network and will expand to all 50 states, outgoing Boston Beer CEO Dave Burwick said on Tuesday during the company’s full-year and Q4 earnings report.