Keurig Dr Pepper
Keurig Dr Pepper Exceeds Q2 Expectations Amid Price Increases
Keurig Dr Pepper’s Q2 performance exceeded market expectations. This is attributed to successive price hikes that helped offset reduced demand caused by persistent inflation. The company reported Q2 revenue of $3.79 billion, surpassing industry estimates of $3.69 billion. Additionally, it revised its full-year net sales projection for 2024 to anticipate growth between 5 percent and 6 percent, an upward adjustment from its earlier 5 percent estimate.
Other Companies
Britvic Acquires Jimmy’s Iced Coffee, UK’s Leading RTD Brand
Britvic acquired Jimmy’s Iced Coffee, reportedly the UK’s fastest-growing ready-to-drink iced coffee brand, for an undisclosed amount. Britvic intends to expand the Jimmy’s product portfolio, increase its distribution, and enhance its cost efficiency. Co-founders Jim Cregan and Suzie Owen will maintain their involvement in the business as brand ambassadors.
Britvic Agrees To Acquire GlobalBev’s Extra Power Energy Beverage Brand In Brazil
Britvic agreed to acquire the Extra Power Energy beverage brand in Brazil from GlobalBev for an undisclosed fee. The deal includes a warehouse in Brasilia that is expected to enhance Britvic’s supply chain efficiency and distribution capabilities in Brazil’s Centre-West region. The acquisition aligns with Britvic’s strategy to accelerate and expand its presence across Brazil. Completion is scheduled around October 2023, pending regulatory approval.
TIM TAM TUMMY Debuts With World’s ‘First’ Kids Kombucha
US-based startup TIM TAM TUMMY debuted with its range of Kids Kombucha beverages, positioned as the world’s first kids' kombucha. The beverages are crafted from five organic ingredients, enriched with superfruit vitamin C, and offer 3 billion live probiotics per 7.5 oz serving, which is intended to promote a healthy immune system. The beverages come in apple, grape, mango and pineapple flavors, each with slight carbonation, and are available from the brand’s website, with prices starting at $37.99 per16-pack of 222ml single-flavor cans.
C4 And WWE Release First-Ever Co-Branded Products: Ultimate Energy Drink and Pre-Workout Powder
C4 and WWE, an American professional wrestling company, released their first-ever co-branded products: C4 Ultimate Energy Drink x WWE and C4 Ultimate Pre-Workout Powder x WWE. The energy drink delivers 300mg of caffeine per 16 fl. oz. serving and comes in Ruthless Raspberry and Berry Powerbomb flavors. The pre-workout powder is offered in Pomegranate PileDriver, Bare Knuckle Blood Orange and Nectarine Guava Knockout flavors. It is formulated with a new ‘ultimate heavyweight’ formula, including CarnoSyn® beta-alanine for optimal performance and Brainberry® to enhance focus. The products are available exclusively through GNC’s website and nationwide stores.
US-Based Startup Age No More Debuts With Natural Energy Beverage Featuring Anti-Aging Ingredients
Age No More, a startup based in the US, debuted with its a natural energy beverage formulated with over 20 natural ingredients, including Urolithin A, Lion’s Mane and Tremella mushrooms, which are claimed to have anti-aging properties. Each 12 fl. oz. serving offers 180mg of caffeine and is infused with 20mg of CBD, intended to provide a sense of calm and balance. Age No More comes in a Ruby Red Grapefruit Rose flavor and is available from the brand’s website, with prices starting at $50 for 6 12fl oz cans.
ThaiBev
ThaiBev’s Fraser & Neave To Invest S$19.2 Million In New Beer Brewery In Myanmar
ThaiBev’s Fraser & Neave, a Singaporean food and beverage group, is set to invest S$19.2 million in Myanmar to establish a new beer brewery in partnership with the local beverage conglomerate Win Brothers. The location of the brewery and the beer brand it will produce are undisclosed. The brewery’s land will be leased for 50 years.
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