Monster Beverage Company reported a steep decrease in margins for Q2 2022 as the cost of materials and logistics weighed down record sales of $1.66 billion, a 13% increase from the same period last year. Yet those results were dampened by the soaring cost of sales, which jumped around 40% to $875.3 million.
THC-infused soda brand Green Monké lands Cookies as a partner for sales and co-branded product development. Meanwhile, Canadian cannabis producer Tilray plans to launch CBD-infused beverages in the U.S. through Southern Glazer's this fall.
In this week’s roundup of new products, Minneapolis Cider Company launched a new THC beverage brand, Olipop rolled out a better-for-you iteration of Dr. Pepper and La Colombe released its first sweetened cold brew fridge pack.
Dairy Farmers of America (DFA) is the target of a class action antitrust lawsuit filed last week, alleging the largest national dairy cooperative has acted or has tried to act as a monopsony by constraining the Northeast raw milk market.
Monster Beverage Company confirmed its long-rumored entrance into beverage alcohol during its Q2 2022 earnings call on Thursday, announcing that Monster Beast Unleashed, a four-SKU line of flavored malt beverages (6% ABV), will launch in late Q4 2022 with the goal of being nationally distributed by the end of 2023.
Ball Corp. plans to permanently close can manufacturing facilities in Phoenix, Arizona, and St. Paul, Minnesota, and delay construction of a new plant in North Las Vegas, Nevada, the Westminster, Colorado-headquartered company announced today during its second quarter financial results.
Marketing firm Vericast explained in its “2022 CPG and Grocery TrendWatch” consumer report that brands who offer competitive pricing and promotions while optimizing the convenience of online shopping with the in-store experience are more likely to succeed across age groups during the current high inflationary period.
Non-alcoholic beverage retailer Boisson has closed a $12 million seed round that will support retail expansion in Los Angeles and fuel the launch of a new on-premise business division.
Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week's special co-host is Jordan Weitz, an investor with Monogram Capital Partners, who shared his thoughts, questions and feedback with the participants.
Swedish oat milk and frozen dessert producer Oatly Group AB reported double-digit revenue growth during the second quarter, but a challenging global market has led the company to decelerate its capital expense plan and focus on meeting existing demand.
Food and beverage products manufacturer Lyons Magnus last week announced a voluntary recall alert of 53 nutritional and beverage products, including Stumptown Cold Brew and Oatly Oat Milk products, citing potential microbial contamination.
While some ecommerce platforms may be navigating a downturn as many consumers return to brick-and-mortar retail, startups Parade and CPGD are looking to the metaverse to make the online shopping experience more fun and personal with their latest platform: The MetaMarket.
Will the Chili’s menu of the future feature a non-alcoholic margarita? Marcus Sakey, co-founder of Ritual Zero Proof, is betting on it.
Charlie and Andy Nelson, brothers and co-founders of heritage-inspired spirits brand Nelson’s Green Brier Distillery, spoke about how thoughtful networking was critical to identifying key partners and advisors, why they never wanted to be the smartest people in the room when starting the company, why they turned down millions of dollars during one of their first funding rounds and how they assessed Constellation Brands’ offer to invest and eventually acquire a controlling stake in the company.
