Review: Phreshly RTD Cocktails
Phreshly is a two-SKU line of premium RTD cocktails that are marketed as being made with “no BS ingredients.” The products are 6% ABV and the company behind it is proudly black-owned.
Milk Moovement Lands $20M Investment from VMG Catalyst
Canadian dairy supply chain SaaS company Milk Moovement has closed a $20 million funding round led by VMG Catalyst that will help accelerate product development and adoption across North America, the company announced in a press release on Tuesday.
Marketing: Waiakea Inks Deal With Yankees Star Judge; Vita Coco Celebrates Coconut Juice Launch with ‘World’s Biggest Coconut’
New York Yankees right fielder Aaron Judge is best known in beverage circles as the face of Pepsi since 2017, but with the ink finally dry on a new contract with the Bronx ball club, he's moved on to a new chapter in business with Hawaiian volcanic water brand Waiākea.
PepsiCo: Full Year Guidance Raised as Q2 Outperforms Expectations
PepsiCo topped analyst expectations in its Q2 2022 earnings report today, as 5.2% quarterly net revenue growth ($20.23 billion) moved the company to raise its full year organic revenue outlook two points to 10%. Earnings per share in Q2 were $1.03 with a -39% change and foreign exchange impact of -2%. Foreign exchange impact on net revenue was -3%. Organic revenue growth was up 13% in Q2 with core EPS of $1.86, up 10%.
Taste Radio: How Does An Innovation ‘Haven’ Scale? By Focusing On The Fundamentals.
Alison Cayne, the founder and CEO of Haven’s Kitchen, an innovative and fast-growing brand of refrigerated sauces, spoke about why emphasizing use case and occasion is critical for fueling consumer adoption and repurchase and how effective merchandising of the products has enabled it to become “the ultimate basket builder.” She also explained how to use anecdotal data effectively when pitching to retail buyers and how she found a co-packer that would invest in the brand's future.
Spearhead To Raise Awareness for African Spirits, Fuel U.S. Debut With $3M Investment from Pendulum
Black-owned South African spirits group Spearhead announced today it has raised $3 million to expand the reach of its two products, Vusa Vodka and Bayab Gin, to the U.S., as well as launch new product lines and accelerate its marketing efforts.
As Jack & Coke Heads to Mexico, Where Will the Next Big RTD Launch?
Last month The Coca-Cola Company and Brown-Forman announced the launch of a new Jack & Coke ready-to-drink (RTD) product— but eager U.S. drinkers will have to wait. The new beverage will first launch in Mexico, sparking the question: as RTD growth spreads globally, where are major suppliers headed next, and what will they be looking for?
100 Coconuts Graduates LA Libations SIP, Grows Into National Mainstream Distribution
After completing LA Libations SIP (SoCal Incubator Program) mentorship accelerator, coconut water brand 100 Coconuts has gone from having relatively no West Coast presence to preparing to hit 20,000 stores nationwide by the end of September with distribution deals in major retailers.
Review: Leisure Project
Leisure Project is a new line of non-carbonated beverages that are enhanced with electrolytes, adaptogens and nootropics. Marketed as a “mind-boosting hydration” beverage, Leisure Project contains only 30 calories per 16 ounce can.
Jel Sert Embraces Ecommerce, Co-Branded Innovations for Powdered Products
Since it first opened its doors in 1926, Jel Sert has never lost its focus on producing powdered drink mixes. Now, as the powdered beverage category experiences an upheaval through an influx of innovative functional brands, the Chicago-based company is turning to new brands and channels to fuel growth.
This Week’s New Products: Spiked Coconut Water, Mexican Licuados and Marshmello Cola
In this week’s roundup of new products, Coca-Cola announced a limited-edition soda flavor in collaboration with Grammy-nominated artist Marshmello, Cann spiced up its lineup of THC-infused beverages and Vita Coco splashed into the RTD cocktail category.
Review: Frescos Naturales
Frescos Naturales is a new line of sparkling aguas frescas that are made with real ingredients. The product line presently features six flavors, including Rosa de Jamaica, Tamarindo, Piña (pineapple), Maracuya (passion fruit), Guayaba (guava) and Mango.
BioSteel Named Official Sports Hydration Drink of the NHL
After racking up high-profile sponsorships with professional basketball and soccer teams and leagues, beverage maker BioSteel Sports Nutrition is hitting the ice -- literally. The company announced today it has entered a multi-year partnership naming BioSteel the Official Sports Hydration Drink and Official Hydration Partner of the National Hockey League (NHL) and the NHL Players’ Association.
Distribution: Rise Oat Milks Up to 4K+ Doors; Bloody Gerry Grows in SoCal
Rise Brewing Co. continues to build an audience outside of cold brew coffee fans, as the New York-based brand announced new natural channel distribution for its organic oat milks this week. The brand’s Original and Vanilla oat milks are set to enter all Fred Meyer locations later this month, while Original and Chocolate are going into all Harris Teeter Stores. All three have also landed placement at 41 Fresh Market stores, or all locations with aseptic milk sets.