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.
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.
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.
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 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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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.
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 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.
Kevin Lee, the co-founder of fast-growing better-for-you ramen brand immi, explained how an emphasis on community building has paid off, why the company doesn’t stress about a financial return on its investment in social media and why monthly strategy calls end with urgency about the unknown.
BFG Partners has launched Fund III and has already raised about 70% to its goal of $125 million to provide capital growth to better-for-you food, beverage and personal care brands.
The Des Moines, Iowa-based brand announced the new 501(c)(3) non-profit today, which will be run by BLK & Bold co-founder and Chief Values Officer Rod Johnson. The company currently donates 5% of gross proceeds to a group of 14 different organizations as part of its For Our Youth (FOY) Initiative.
In a move foreshadowing one way in which consolidation in the craft spirits world may potentially evolve, Heritage Distilling Co last week announced the acquisition of fellow Eugene, Oregon-based spirit company, Thinking Tree Spirits.
As speculated last week, the next challenge for the proposed $24.6 billion merger between Kroger and Albertsons is coming from the federal government.
Sacred Energy was founded this year by Paul Frantellizzi, a CPG entrepreneur specializing in natural health and wellness foods and supplements, along with his wife and chief brand officer Pamela Peters and business partner Billy Brown, the owner of yerba mate products maker Sol Mate Beverage Group.
