BevNET Live Winter 2012 is less than three weeks and is on pace to be a completely sold out show. If you are interested in attending, but have still not registered, now is the time to reserve your spot among over 500 beverage industry professionals, including investors, suppliers, retailers, and distributors. Sign up now by clicking the link below...
For the second time in three months, Monster Beverage’s board of directors has authorized a repurchase of up to $250 million of the company’s outstanding common stock. Monster’s board initiated the stock repurchase following weaker than expected third quarter revenues and profits. The company achieved $541.9 million in revenue for the quarter – a 14 percent jump in year over year sales – but fell well short of the $578.4 million that analysts projected.
Dr Pepper Snapple Group (DPSG) is pulling its line of 7UP Antioxidant sodas, the company announced last Thursday, shortly after being hit with a lawsuit alleging that the drinks were misleading to consumers. However, DPSG stated that its decision was based on longstanding plan to reformulate the drinks and is not related to the lawsuit.
BevNET Live Winter 2012 is only three weeks away, and now is the last chance for beverage companies to apply for New Beverage Showdown 4. If you operate a new beverage company (meaning your brand is less than one year old or not yet on the market), New Beverage Showdown 4 is a one of a kind opportunity to showcase your brand in front of over 500 industry professionals, including investors, suppliers, retailers, and distributors, and a chance to win $10,000 in cash/prizes.
Granny Squibb's has launched unsweetened varieties of its iced teas, which are made with black tea and real fruit juice. The new unsweetened line contains no added sugar and has 10 calories per 16 oz. bottle. While we have mixed opinions about the two flavors that we sampled, there are few visual differences between the unsweetened and sweetened products, and it might be difficult for consumers to discern between the two lines.
You’ve a got a great new product, and you think it’s ready for distribution. But how does your brand find its way into a distributor’s portfolio? In this segment featured on BeverageSchool.com, Debbie Wildrick, a 23 year veteran of the beverage industry with executive roles at 7-Eleven and PepsiCo, talks about the importance of having a product that fills an unmet need in the market, and a thoroughly planned marketing and sales strategy as the best ways for a brand to find distribution.
Taste Nirvana Coco Motion is blend of coconut water, coconut nectar, lime juice, sea salt and lime flavor. While we enjoyed the taste of the product, simplifying the look of its 16.2 oz. can - and making it more clear that the beverage is lime-flavored - would definitely help its presence on the shelf.
While pricing remains muted, the carbonated soft drink category continued to slide with sales declining by 2.4 percent in a year-over-year comparison for the four weeks ending on October 27, according to Nielsen Scantrack Enhanced FDMx data released in a new report from Morgan Stanley. Yet while CSDs remain on a downward slope, the hottest category in beverages remains energy with category sales up 12.4 percent compared over the same timeframe last year.
BevNET has posted the final agenda for BevNET Live, to take place on Dec. 3 and 4 in Santa Monica, Calif. at the Loews Beach Hotel. Descriptions of breakout sessions and some remaining speaker bios will be posted in the days to come.
Calling it a "new direction" for the company, Mexican beverage marketer Novamex has launched Alova, a new all-natural, sparkling aloe vera drink. Novemex, which produces and sells a range of Mexican-inspired drinks including Jarritos soft drinks and Mineragua water, has gradually expanded its footprint in the U.S. and will look to Alova as a point of entry into the natural channel via growing consumer exposure of aloe and its aura of health and wellness.
Here’s the issue: GNC is a well-known retailer, but the process of rolling a beverage brand licensed from GNC into other stores presented a bit of a design problem for Shadow Beverage and Snacks, the company that licensed the right to develop the drinks. To begin with, there’s complexity – the company envisioned three kinds of products—an enhanced water, a sports drink, and a protein drink – covering both the average, aspirational grocery consumer and the highly involved athletic achiever.
While Election Day yielded few changes within the overall political landscape in the U.S., three referendum votes in California that were likely to have a significant impact on the sale of beverages in the state were defeated. Californians said no to Proposition 37, which would have required mandatory labeling of genetically engineered food, and voters in El Monte and Richmond, Calif. rejected measures that would have added a one-cent-per-ounce tax on purchases of sugary drinks.
Hoist has re-branded and repackaged its "rapid rehydration" formulation that the company once touted for hangover recovery, and is now positioning itself as an isotonic sports drink. The brand recently moved from an aluminum can to a 12 oz. plastic bottle that is more in line with the sports drink category. Still, there’s something about this product that feels ambiguous, particularly as a small package size and “Hoist” name that feels out of line with the overall sports segment.
Nine months after The Hershey Company acquired a controlling interest in the company, mix1 is set to launch a major revamp of its nutritional shake/meal replacement line of beverages.Now armed with a sleek upgrade in packaging, mix1 vice president of sales Kevin Conrad said that the company is taking direct aim at category leader Muscle Milk and building a new DSD network “from scratch” in order to position itself for a dramatic leap in sales.
