FinancialNewsMedia.com News Commentary
PALM BEACH, Fla., Aug. 16, 2022 /PRNewswire/ — Alcoholic beverages are one of the markets that have thrived during the recent pandemic, and market revenues are predicted to continue to rise over the next several years. According to Data Bridge Market Research, the alcoholic beverages market is expected to witness market growth at a rate of 2.5% in the forecast period of 2022 to 2029. The report said that: “Major factors that are expected to boost the growth of the alcoholic beverages market in the forecast period are the rise in the number of young adults. Furthermore, the growing need for premium / super-premium products is further anticipated to propel the growth of the alcoholic beverages market. Moreover, the rise in the alertness for the bad effects of low alcohol consumption is further estimated to cushion the growth of the alcoholic beverages market. In addition, the outline of healthy breweries and spirits will further provide potential opportunities for the growth of the alcoholic beverages market in the coming years. North America dominates the alcoholic beverages market due to the rise in the young–adult population. Furthermore, the growing consumption of high-quality alcoholic beverages will further boost the growth of the alcoholic beverages market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the alcoholic beverages market due to the rise in the disposable income. Moreover, the advancing countries is further anticipated to propel the growth of the alcoholic beverages market in the region in the coming years.” Active companies in the markets this week include Splash Beverage Group, Inc. (NYSE: SBEV), Anheuser-Busch InBev (NYSE: BUD), The Coca-Cola Company (NYSE: KO), The Kroger Co. (NYSE: KR), PepsiCo, Inc. (NASDAQ: PEP).
Data Bridge added: “The major players operating in the alcoholic beverages market report are E & J Gallo, William Grant & Sons, Boston Beer, Miller Coors, Diageo, Treasury Wine Estates, Jose Cuervo, Constellation Brands, Beam-Suntory, Mast-Jaegermeister, Bacardi, Pernod Ricard, Edrington Group, Brown-Forman, Pabst Brewing, Anheuser-Busch, Carlsberg, China Resource Enterprise, Accolade Wines, Vina Concha y Toro, Torres, Heineken, The Wine Group, Craft Brew Alliance Inc., Molson Coors Brewing Co., Haelwood International Holdings Plc and Bundaberg Brewed Drinks Pty Ltd., among others.”
Splash Beverage Group, Inc. (NYSE American: SBEV) BREAKING NEWS: Splash Beverage Group’s Copa di Vino To Be Featured in West Coast Circle K Locations – Splash Beverage Group, Inc. (“Splash” or the “Company”), a portfolio company of leading beverage brands, today announced that convenience store retailing giant, Circle K, will be featuring the Copa di Vino brand in locations across the west coast. The rollout will feature all varietals of Copa di Vino and follows a successful three-month long test in a certain number of California stores. It is expected that the stores will begin selling the product during the month of September.
Robert Nistico, Splash Beverage Group’s Chairman and CEO, commented, “This authorization is another successful result of the hard work of the Splash team. Circle K was founded in El Paso, Texas in 1951 grew into an enterprise with more than $1 billion in sales. After being acquired by Canadian based Alimentation Couche-Tard in 2003, it has continued to grow to become one of the most widely recognized convenience store brands, known worldwide for quality products and great customer service. The strength and credibility of Splash’s existing distribution network afforded us the opportunity to have a test run where the quality and consumer enthusiasm for the product drove this into a full authorization. We couldn’t be more excited, as we look forward to growing this relationship.” CONTINUED… Read the Splash Beverage full press release by going to: https://splashbeveragegroup.com/news-media/
Additional recent developments in the markets this week include:
Anheuser-Busch InBev (NYSE: BUD) recently reported its Second Quarter results. “Our business delivered sustained profitable growth. Our volume increased by 3.4%, our top-line by 11.3% and EBITDA by 7.2%. The relentless execution of our strategy, the strength of our brands and accelerated digital transformation enabled us to meet the moment in an ongoing dynamic operating environment,” – Michel Doukeris, CEO. Read the full report at: https://finance.yahoo.com/news/anheuser-busch-inbev-reports-second-050700007.html
The Coca-Cola Company (NYSE: KO) recently reported second quarter 2022 results that demonstrate resilience in the marketplace amidst ongoing global challenges. “Our results this quarter reflect the agility of our business, the strength of our streamlined portfolio of brands, and the actions we’ve taken to execute for growth in the face of challenges in the operating and macroeconomic environment,” said James Quincey, Chairman and CEO of The Coca-Cola Company. “We are staying true to our purpose, executing on our strategy and delivering value for our stakeholders.” Read the full report at: https://finance.yahoo.com/news/coca-cola-reports-second-quarter-105500355.html
The Kroger Co. (NYSE: KR), America’s largest grocery retailer, recently announced the official opening of a new spoke location in Louisville, Kentucky. The 50,000 square-foot facility will collaborate with the Customer Fulfillment Center (CFC) in Monroe, Ohio and will serve as a last-mile cross-dock location that expands Kroger Delivery’s ability to serve more customers in the Greater Louisville area.
“Kroger Delivery is part of our rapidly expanding seamless ecosystem that provides customers with fresh and quality products – anytime and anywhere,” said Bill Bennett, Kroger Vice President and Head of E-commerce. “We are thrilled to expand Kroger’s offerings to more Louisvillecustomers with a truly differentiated customer experience. Local Kentuckyresidents can use Kroger.com or the Kroger app to check the weekly circular, select personalized digital coupons, search products by dietary preference and ultimately place their order. Customers will enjoy receiving their orders directly from our refrigerated trucks and delivered by trained Kroger uniformed associates, giving customers an unparalleled first-class delivery experience.”
PepsiCo, Inc., (NASDAQ: PEP) and Celsius Holdings, Inc., (CELH), maker of a leading global fitness energy drink, CELSIUS®, recently announced a definitive agreement forging a long-term strategic distribution arrangement. The distribution agreement initially transitions Celsius’ current U.S. distribution to PepsiCo’s best-in-class capabilities. As part of the transaction, PepsiCo will also make an investment in Celsius in support of its growth agenda and will nominate a director to serve on Celsius’ Board of Directors.
The long-term U.S. distribution agreement is effective on August 1, 2022 and, subject to certain exceptions, includes retail and food service channels. PepsiCo will also become the preferred distribution partner globally for Celsius.
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