Buoyed by strong third quarter earnings results this week, Keurig Dr Pepper (KDP) has raised its 2021 net sales growth guidance from 7% to 8% for the year as the company benefits from increased consumer mobility and approaches the end of its three-year post-merger period.
The Coca-Cola Company is in the closing stages of completing its acquisition of sports drink brand BodyArmor at a valuation of around $8 billion, according to media reports.
BevNET’s Best Of 2021 Awards, sponsored by Zuckerman Honickman, are currently accepting nominations! The awards show will take place live and in-person on December 7th during BevNET Live. The fee per nomination is $149 for non-Insiders and $99 for Insiders. The nomination deadline is Tuesday, November 2.
The leading pitch competition for the beverage industry is back! New Beverage Showdown 22 will take place during BevNET Live on December 7. Startup beverage brands have the opportunity to pitch to a panel of expert judges and showcase their brand to the industry. Apply by November 12th to be considered.
Following Hattersley’s narrative for the company’s Q3, an analyst asked him to define what success now means for the company in the U.S. Hattersley replied that “the quality of our revenue and changing the shape of our portfolio is what is important to us now.”
The Coca-Cola Company reported “strong” double-digit revenue growth in its third quarter earnings results this week, leading to higher year-end projections as volume sales surpassed 2019 levels amid an “asynchronous” pandemic recovery.
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Taika, makers of RTD functional plant-based coffees, recently announced the launch of two new flavors: Matcha Latte, a permanent addition to the flavor lineup, and a Pumpkin Spice Latte that is their first limited time offering.
Citing recent supply chain challenges, Credit Suisse lowered expectations for the company’s sales performance ahead of the release of its Q3 2021 earnings report next month. The revised coverage has decreased expected 2021 revenue for the Swedish oat milk maker from $694 million to $685 million.
Aiming to expand outside of the Midwest, Wisconsin-based craft brewery Sprecher Brewing Co. has acquired the brand portfolio of regional soda maker WIT Beverage Co. (WBC) for an undisclosed sum.
Two of the world’s leading beverage companies -- The Coca-Cola Company and PepsiCo -- were named among the world’s top plastic polluters for the fourth year in a row, according to the latest global Brand Audit report from Break Free From Plastic (BFFP), released yesterday.
Omsom co-founder/CEO Vanessa Pham spoke about the company’s vision to break long-standing barriers in the ways ethnic food is perceived and sold, and how the brand became one of the most publicized startups in recent memory. We also feature an interview with Caroline Cotto, co-founder/COO of Renewal Mill, an upcycled food brand that markets ingredients and finished products.
A|dash is a brand of cold brew coffee infused “with just A|dash of adaptogens” that is marketed as a functional beverage that offers “balance” as the core function mentioned on the label. The product line currently contains a single eponymous SKU packaged in an 8 ounce can.
General Mills has expanded its presence in functional kids products with the launch of Doolies, a new line of snacks and beverages containing fiber and probiotics to help prevent and treat occasional constipation in children.
Nearly a year after it was passed into law, recycling-related legislation in California is poised to have a significant impact on bottle production in the country’s biggest economy.
In the spirits space there’s premium, and then there’s premium. Now, as the alcohol industry embraces RTD formats, pre-mixed cocktails are receiving the luxury treatment. The Gold Fashioned is available online and in select retail locations and sells for $150 per 750 mL bottle. Each bottle also comes packaged in a blue and gold box featuring details about the sourcing of each ingredient.
Halloween isn't yet upon us, but this week saw some beverage companies getting into the spirit of the holiday early by embracing of chocolate and mocha flavors (not to mention the ubiquitous pumpkin spice).