Monster: Price Increases In Q3 Temper Costs
Monster Beverage Company reported 15.2% year-over-year sales growth in its Q3 earnings, even as increased expenses and cost of goods continue to drag on margins despite a 6% price increase in September.
BevNET Live Winter 2022: In 30 Days, Beverage Industry Leaders Will Gather in Santa Monica
In just 30 days, innovative beverage brand leaders, investors, retailers, distributors, consultants and other industry experts will meet at the Loews Santa Monica Beach Hotel in Santa Monica, CA for BevNET Live Winter 2022.
This Week’s New Products: Passion Fruit Cannacocktail & Cinnamon Churro Creamer
In this week’s roundup of new products, C4 teams up with the Wounded Warrior Project to launch exclusive products, La Colombe celebrates the holidays early with new latte flavors and Flora Hemp Spirits unveils its newest “cannacocktail.”
Web3: Ape Water Launches IRL in California
As the Bored Ape Yacht Club has made its cartoon simians synonymous with web3 culture, multiple CPG companies have adopted the NFT collection’s imagery for branding and marketing purposes. But now, California-based startup Ape Beverages Company has crafted an entire business around it.
Wild Tonic Jun Kombucha Focuses on Clarity with Revamped Packaging
Following five years of research and development under the leadership of director of sales and marketing Jessica Gerth, jun maker Wild Tonic has unveiled a revamped visual identity designed to celebrate the brand’s uniqueness and clarify the difference between jun and kombucha for consumers.
Sesh Hard Seltzer Maker XED Beverages Acquired by Next Century Spirits
Spirits portfolio company Next Century Spirits has acquired XED Beverages, the maker of cocktail-inspired hard seltzer brand Sesh. Financial terms of the transaction were not disclosed.
Review: Xoca Rebrands
Xoca is an all natural prebiotic soda made with upcycled cacao fruit that has dubbed itself as “The Good Soda.” The line, which has been rebranded since we first reviewed it in 2020, is available in two flavors, Cacaofruit & Cherry and Cacaofruit & Ginger, in 12 ounce cans.
District of Columbia, Washington AGs Sue to Stop Albertsons Payout
Attorneys general from Washington state and the District of Columbia are seeking to temporarily block a $4 billion payout to Albertsons’ shareholders on November 7, filing lawsuits this week to put a hold on the cash dividend at least until the grocery giant’s proposed merger with Kroger can be reviewed by federal regulators.
Jarritos Maker Novamex Partners with Anheuser-Busch on Cantaritos Hard Sodas
Another soda company is testing the beverage-alcohol market – this time with the world’s largest beer manufacturer. Novamex, the maker of Mexican soda brand Jarritos, is partnering with Anheuser-Busch InBev (A-B) to launch Cantaritos Hard Sodas in California and Texas markets next spring.
NielsenIQ: Non-Alc Beverage Sales Still ‘Robust’ Despite Sequentially Flat Growth
Non-alcoholic beverage sales remained “robust” in the two-week period ending October 22, despite flat sequential growth, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
Diageo Acquires Balcones Distilling, Expanding Super Premium American Whiskey Portfolio
Diageo has acquired Waco, Texas-based whiskey maker Balcones Distilling in a cash transaction, the company announced today.
Meet 1:1 With Industry Experts at Our Next Virtual Networking Event on November 9
Our next virtual networking event is on Wednesday, November 9th from 3:00 - 4:00 PM ET. Virtual networking is a series that connects food and beverage brands with industry experts. Growing brands will have the opportunity to meet 1:1 with leaders from Whipstitch Capital, Piper Sandler, FDM Sales Management, Chase Ink. Public Relations, MomentumCPG, and Arena Partners.
Elevator Talk: Marquis, Transcendence Coffee, Après Hours, Country Luau
Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week's special co-host is Andrew Guard, the founder of The Guard Agency and Right Coast Brands, who shared his thoughts, questions and feedback with the participants.
Review: Joyo Adaptogenic Sparkling Tea
Joyo is a line of USDA Organic adaptogenic sparkling teas that are low calorie and low in sugar. The brand was founded by author and podcast host Jay Shetty and his wife Radhi Devlukia-Shetty.