Celsius: Revenue Surpasses $300M in Q2 As Club & Amazon Sales Climb
Celsius Holdings reported record high Q2 revenue of around $326 million, up 112% from $154 million in 2022, during its latest earnings report this week.
RTD Boba Teas Are Popping Off in Retail
Boba tea, with its signature tapioca pearls consumed via straw, was once considered to be a cumbersome and impractical product for ready-to-drink formats. But now, sales of the Taiwanese drink in bottles and cans are bubbling up – and fast.
Catching Up: Smootch Refines ‘Oat Water’ Positioning
In a world obsessed with oat milk, is there room for an oat water? There is, if you ask New Jersey-based startup Smootch. After debuting its four-SKU flagship line of electrolyte-packed, non-carbonated oat waters in 12 oz. cans at Natural Products Expo West last year, the brand has established a presence in Pennsylvania, New York, Connecticut and Rhode Island.
Zevia: Margins Rise As Supply Chain Issues Disrupt Inventory
Better-for-you beverage brand Zevia was already seeing an impact from its brand refresh despite a Q2 with slumping sales primarily due to supply chain disruptions.
NielsenIQ: Non-Alc Beverage Sales ‘Healthy But Decelerated’
Non-alcoholic beverage sales “remained healthy but decelerated” in the two-week period ending July 29, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research. Total dollar sales growth rose 7.6% year-over-year.
BevNET Live Winter 2023: Discounted Room Block Open in Marina del Rey
It’s time to book your room for BevNET Live! The leading event for the beverage industry heads to Marina del Rey, California on December 4 + 5. Register now to stay just steps from the action and save on your stay at the Marina Del Rey Marriott Hotel.
Taste Radio: ‘Wild’ Concepts Create Loyal Consumers. This Is Why It Works.
How do breakout brands, particularly those that operate in trendy categories, build sustainable businesses? They cultivate authentic relationships with consumers by delivering on attributes they’re seeking. It’s how Wilderton, a maker of small-batch, non-alcoholic spirits crafted from raw botanicals, is paving its path.
Molson Coors Set to Acquire Blue Run As Spirits Biz Expands
Molson Coors has agreed to purchase Kentucky-based distillery Blue Run Spirits, marking the beer giant’s first spirits acquisition and the formal launch of its Coors Spirits Co. business. The amount was not disclosed.
Anheuser-Busch To Sell Hiball, 8 Craft Beer Brands to Tilray
Tilray Brands is acquiring eight craft brands from Anheuser-Busch InBev in a blockbuster all cash deal announced today.
Swiss Firm Marussia Beverages Acquires Ohio’s Watershed Distillery
Ohio’s Watershed Distillery has been acquired by New Jersey-based Marussia Beverages USA, the U.S.-arm of Swiss firm Marussia Beverages Group.
Lock’d and Reloaded: Takeover Industries’ New CEO Looks to Pick Up the Pieces
At the beginning of 2023, Takeover Industries appeared to be at death’s door. But things look different now: there’s a new CEO, a rebranded product portfolio, its relationship with Manny Pacquiao is restored and at least some of the legal cases are closed. The company is now aiming to get back on track as Next Gen Beverage.
Judge Dismisses RISE Brewing’s Trademark Suit Against PepsiCo’s MTN DEW Rise Energy
A New York federal judge yesterday dismissed a years-long trademark suit from nitro cold brew maker RISE Brewing Co. accusing PepsiCo of using a “confusingly similar” name for its MTN DEW Rise morning energy drink.
Taste Radio: New Or Exciting? It Helps To Be Both, But If We Had To Pick One…
The hosts discussed a celebrity foodie’s new glitzy brand of $10/box pasta, the debut of a black-owned and gastronomic-inspired brand of toaster pastries at Target; French’s sweet limited-time partner and a brief recap of the recently held 2023 Tales Of The Cocktail convention. Also featured is the latest edition of Special Ops with Andrew Guard, in which the operations expert shares his take on both opportunities and challenges that are impacting new and emerging beverage and food companies.
This Week’s New Products: Mango Chile Sparkling Water, Pumpkin Spice Protein Powder and Ube Milk Tea
In this week’s roundup of new products, TWRL whips up a modern twist on classic black tea, Orgain gets a head start on pumpkin spice season and Aura Bora spices up its collection of sparkling waters.