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.
Better Booch “Scratches An Itch” With Sparkling Tea Line
Kombucha company Better Booch launched Cha, a 4-SKU line of prebiotic, sparkling teas, that capitalize on the growing market for gut-healthy beverages with functional benefits.
Kate Farms Founder Laver Returns with Lucky F*ck Energy
Scheduled to launch online August 2, the 38th anniversary of the Delta Air Lines Flight 191 crash he survived, Lucky F*ck is a line of functional, zero sugar energy drinks made with Maca, Beta-Alanine, and 200 mg of caffeine per 19.2 oz. cans.
Campari: Sales Grow in First Half of 2023 Despite Slow Q2
Campari reported 14% organic growth in the first half of the year— boosted by aperitifs, premium bourbon and tequila— but margins were affected by cost inflation.
Coke: Full-Year Outlook Raised As Q2 Earnings Surpass Forecasts
The Coca-Cola Company surpassed analyst forecasts in its Q2 2023 earnings report today, announcing 6% net revenue growth in the quarter ending June 30.
Who’s Winning Top Cocktail Placements?
A new report reveals what brands are dominating menus at the country’s most influential cocktail bars.
Elevator Talk: Beloit Kombucha, MATE!, Yoro, CHELLY, Lifted Blends
Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week's special co-host is Rebecca Bernard, the founder of Empire City Brand Builders, who shared her thoughts, questions and feedback with the participants.
NielsenIQ: Beverage Sales Show Strength, Acceleration
Non-alcoholic beverage sales picked up in the two-week period ending July 15, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research. Retail dollar sales grew 10.1% year-over-year for the two-weeks, compared to 8.2% in the four-week period and 8.5% for the 12-weeks, according to the report.
LVMH: Cognac Sales Continue to Drop in First Half of 2023
Revenue from the spirits and cognac segment of LVMH fell by 11% in the first half of 2023 as Hennessy Cognac sales suffered from weak U.S. demand, according to the company’s half-year revenue earnings report released yesterday.
In the Clouds: How The Hemp Beverage Alliance Aims To Standardize A Hazy Market
Hemp beverages may not be the novelty they were five years ago, but the industry is still going through some growing pains. Meet The Hemp Beverage Alliance (HBA): which officially formed this month to begin advocating for standardized products and best practices for producers up and down the supply chain.
Tales of the Cocktail Guide: Agave, No/Lo, and DEI
The world’s leading cocktail conference, Tales of the Cocktail, kicks off this week in New Orleans, gathering thousands of bar professionals and spirit reps from across the globe.
High Brew Sells Majority Stake to Beliv
High Brew Coffee, one of the first “third-wave” canned cold brew brands in the U.S., has been acquired by Latin American beverage portfolio company Beliv, the company announced today. Beliv is taking a 78% stake in the company.
Taste Radio: Magnolia Bakery Doesn’t Follow Trends. They’d Rather Set Them.
Magnolia Bakery CEO Bobbie Lloyd and CMO Eddie Revis spoke about why the iconic bakeshop launched a CPG brand and the patient and thoughtful approach behind its development. They also discussed why consistency and quality guides their stewardship of the company, why they eschew trendy concepts and Magnolia’s collaborations with lifestyle brands.