PepsiCo: U.S. Business Lags in Q4, Tempers 2024 Expectations
PepsiCo announced during its Q4 2023 earnings report relatively flat net revenue growth amid challenges in volumes and its North American Beverages and Quaker Foods businesses.
Fourth Quarter Finance Review: Has “Carnage in Consumer” Hit Bottom?
In good times, a rising tide lifts all boats – but right now, the hunt is on for seaworthy vessels, according to investors. Otherwise, judging by the last quarter of the year, it’s clear that the financial doldrums are going to stay for a while for brands.
Odyssey Raises $6M As Brand Embraces “Straight Up Energy” Identity
Functional mushroom drink maker Odyssey has raised $6 million in a new funding round backed primarily by family offices and individual investors, as the Florida-based company seeks to build on expansion gains from 2023 this year.
Data: BevAlc Sales Growth ‘Sharply’ Decelerates on Inclement Weather
Total BevAlc sales growth decelerated sharply in the two-week period ended January 27, reflecting accelerated volume declines and relatively steady average pricing growth, according to Goldman Sachs Equity Research’s latest analysis of NielsenIQ data.
CPG Week Podcast: Musings On M&A Deals
In the first episode of CPG Week, Nosh Managing Editor Monica Watrous and reporters Brad Avery and Lukas Southard sit down to discuss the various M&A deals seen so far in the first month of the year.
DISCUS: 2023 Spirits Sales Flat; RTD Retail Access Legislative Priority
Spirits sales in the U.S. were flat in 2023, but maintained a very slight revenue lead over beer for the second year in a row, according to the Distilled Spirits Council of the United States (DISCUS) in its annual economic briefing today.
Coke Debuts Permanent ‘Spiced’ Flavor, Discusses 2024 Strategy
The Coca-Cola Company is launching a new permanent addition to its flagship cola line this month: Coca-Cola Spiced, a raspberry and spice flavored soda available in original and Zero Sugar varieties.
Redcon1 Goes “Prime Time” With Deion Sanders
Sport nutrition and energy drink maker Redcon1 announced today that Deion Sanders has joined the brand as a minority investor and will help build awareness and grow its beverage distribution into new retail channels.
BellRing: Premier Protein ‘Drives Outperformance’ in Q1 Though Supply Remains ‘Tight’
BellRing Brands – the producer of Premier Protein and Dymatize brands – this week reported Q1 2024 net sales of $430.4 million, up 18.7% year-over-year, as it continues to grow and diversify its portfolio of protein shakes and powder supplements.
Convenience Cocktails: Pernod-Ricard Goes Deeper In RTS/RTD
Pernod-Ricard is launching a slew of ready-to-serve (RTS) including two new Absolut Vodka varieties, Mojito and Raspberry Lemonade, and a line of Malibu Rum cocktails as it it positions towards convenience-oriented social drinking.
Data: Non-Alc Beverage Sales Decelerate, Hindered By Sharper Volume Declines
Non-alcoholic beverage sales decelerate during the two-week period ending January 27 as volume growth declines “accelerated in conjunction with a slight acceleration in pricing growth,” according to Goldman Sachs Equity Research’s latest analysis of NielsenIQ data.
Elevation Evolution: Flavor, Ingredient, and Function Advisors Develop MTN Ready
MTN Ready aims to bring a narrowly specific function to a mass audience with its powder drink mix: treating the nausea, headache, listlessness and other effects of high altitudes.
BevNET & Nosh Community Calls This February: Standing Out at Trade Shows; Expo West Updates; Conserving Capital with Gerry Khermouch and Ken Sadowsky; Ghia’s Out-of-Home Marketing Strategy
This month, explore Ghia's smart out-of-home strategy that conquered the non-alcoholic market, The Fresh Market, Goodles, and Pocket’s Chocolates share tips for attracting buyers and decision-makers at Expo West, get updates on Expo West with the event team, and Gerry Khermouch and Ken Sadowsky share insights on how to optimize resources during fundraising challenges.
Taste Radio: Why Verde Farms’ ‘Simple’ Strategy Is So Effective
Brad Johnson, the CEO of Verde Farms, a pioneering brand of grass-fed, pasture-raised and organic beef, spoke about why consumers view brand attributes in a holistic way, weighing investor expectations vs. mission-based goals and how investing in customer and consumer service pays off.