PepsiCo bested analyst expectations in its Q2 2023 earnings report today, announcing net revenue growth of 10.4% in the quarter and 10.3% year-to-date. Organic revenue growth in the quarter was up 13% and the company raised its full-year outlook to 10% organic revenue growth, up from 8% earlier this year.

Last week Slate published an ode to Worcester, Massachusetts-based sparkling water brand Polar Seltzer, guest written by comedy writer Josh Gondelman. We spoke with him to learn more about his homegrown love for Polar and to get a creative consumer’s insight into why the 141-year-old brand resonates so deeply with New Englanders.

Bossa Nova may be falling victim to its own success, founder and CEO Alton Johnson told BevNET last month. According to Johnson, the functional sparkling water brand has struggled to secure the necessary financing to maintain its business despite good margins and high velocities at its natural channel retail partners.

Perfect Day has laid off roughly 15% of its workforce as it moves to exit its consumer-facing business, The Urgent Company (TUC), in order to focus solely on its B2B ingredient sales and nth bio “consulting” precision fermentation business.

Whether you choose to sip it, snack it or smoke it, consuming weed in any form in a public setting has been illegal – until recently. Slowly but surely, cannabis-friendly lounges are coming into existence and may present new opportunities for non-infused CPG brands.

Non-alcoholic beverage sales stabilized in the two-week period ending July 1, as volume declines slowed against more moderate pricing action, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.