Diageo: Sales Up In 2023; Premium Sales Offsets Volume Losses
Diageo reported a 10.7% rise in net sales for fiscal year 2023, with premium-plus brands contributing 57% of overall organic net sales growth.
New RTD Spirits: Summer Sips From J. Rieger & Co., Seagram’s and RIKI
With summer in full swing, many ready-to-drink cocktail makers are releasing sun-inspired sips. In this gallery, former bachelorette JoJo Fletcher enters the beverage space with an Amalfi Coast-inspired beverage, J. Rieger & Co. Distillery launches an “Electric” new line and Sunshine Punch seeks to evoke a sense of nostalgia.
Taste Radio: The Best Way To Think Outside The Box? Get Rid Of The Box.
Allison Luvera and Lauren De Niro Pipher, the co-founders of Juliet, a premium brand of multiserve wine encased in an innovative cylindrical container, spoke about how they assessed the opportunity to disrupt a legacy category, why developing a unique package was central to the planning process and how they have won over retailers by positioning Juliet as an upscale lifestyle brand.
Capitalizing On Cans, Seven Teas Expands Distribution
Building a following in exotically flavored glass bottles since 2017, Seven Teas has landed new distribution partnerships and increased consumer interest in the last year as it expanded into canned teas and lemonades.
Sales Drop for Jose Cuervo Producer in Q2
The owner of Jose Cuervo reported a drop in net sales in Q2, after volume declined in the U.S. and Canada.
BevNET & NOSH Community Calls This August: Crowdfunding, Financial Insights With a CPG Investor, Getting on Thrive Market
This month, we’re introducing two Insider-only Community Calls where we’ll dive into financial insights with a CPG investor and talk with Thrive Market about how the retailer curates brand partners.
Coffee Connection: Equator Teams With Swiss Dairy Giant on Premium RTD Cold Brews
Equator Coffee is teaming with Swiss dairy giant Emmi AG on a joint venture that kicks off with the launch of four-SKU line of premium refrigerated cold brews this summer.
Oatly: Forecasts Slashed After Asia Slowdown
Oatly is pushing to simplify and streamline its operations after a disappointing quarterly earnings report saw the Swedish oat product maker slash its 2023 revenue forecast range from 23% to 28% to a dire 7% to 12%.
Taste Radio: Gen Alpha & A Holy Grail Sweetener. Oh, And, Canada!
Reports and CPG roundups from the Pacific Northwest regions of both the U.S. and Canada, the controversy surrounding children and caffeine and whether honey truffle could be a gamechanger for the food and beverage industry.
This Week’s New Products: Powdered Kombucha, The Weeknd Coffee and Slaughter Berry Iced Tea
In this week’s new products roundup, AdvoCare creates a new way for consumers to enjoy kombucha on the go, Blue Bottle teams up with singer/songwriter The Weeknd and CBD-infused soda maker Mary Jones launches its first crossover flavor release with Jones Soda Co.
How The Bourbon Industry is Coping with a White Oak Barrel Shortage
The current national farm bill, a once-every-five-year piece of legislation that includes a hodgepodge of agricultural and nutrition policy, is set to expire at the end of September. Jason Meyer, executive director of the White Oak Initiative (WOI), is hoping the legislators working on the new bill are bourbon drinkers.
Monster Move: Coke Confirms Bang To Join Distro Network
According to a letter to distributors viewed by BevNET and Brewbound, Tony Short, CEO of Monster-owned beer maker CANarchy Craft Brewery Collective, confirmed previous reports that The Coca-Cola Company has begun the process of onboarding Bang within its national red-truck distribution system, marking the brand’s second go-round with one of the country’s largest beverage suppliers.
KDP: RTD Beverages Drive Q2 Growth, Year-End Guidance Raised
Keurig Dr Pepper (KDP) raised its full year net sales outlook from 5% to 6% growth following a strong Q2 performance in its quarterly earnings report this morning.
Are Kids Kombucha’s Next Key Consumer?
Kombucha already has a hill to climb in winning over the tastebuds of many adult consumers – why make things any harder by targeting kids? Ask Tim Tam Tummy, a new brand offering a take on the traditional functional beverage, aimed at the pint-sized consumer group.