“We remain focused on balancing margin management with sound growth and believe our proven brand portfolio positions us well for the new fiscal year. Praised for its fruity ‘lightly floral’ notes, one staffer declared ‘It’s like spring in a can’. and was declared 2022 winner of the flavored water category by PEOPLE magazine. Cherry Blossom also dazzled onlookers at the iconic National Cherry Blossom Festival in Washington D.C. This launch featured social and outdoor media, spot radio, consumer sampling and attractive retail in-store displays. Following the successful launch of Beach Plum, Black Razzberry and Guava São Paulo in fiscal 2021, we introduced the unique flavor of LaCroix Cherry Blossom late in the fourth quarter of fiscal 2022. “Additionally, we continue to innovate with flavors and packaging. Throughout this period, we have expanded our social media platform and continue to broaden its importance,” stated a company spokesperson in the announcement. We are fortunate to have retail partners that continuously give their support and brands that respond positively. We have also heightened our focus on our brands and consumers and were rewarded by brand LaCroix achieving volume gains despite excessive discounting by various competitors. We feel confident that our purpose and diligence have allowed us to react to the untimeliness of these conditions, as evidenced by the slight increase in gross profit per case throughout this unprecedented volatility. “Our operating results for the year continue to reflect the unexpected and lasting effects of Covid 19. Cash dividends totaling $6.00 per share were paid during fiscal years 20.Earnings per share was $1.70, the second highest EPS ever reported and.Net sales grew 6.1% to $1.14 billion, the highest net sales in the company’s history,.announced results for its fiscal year ending April 30, 2022. ![]() The top five beverage industry deals of March 2022 tracked by GlobalData were:ġ) Goode Partners $30m private equity deal with JOCKO FUELĢ) The $16.5m venture financing of Partake Brewing by Barrel Ventures,Circleup Growth Partners,PowerPlant Partners and RC McLean & Associatesģ) Aaron Samuels,Aerica Shimizu Banks,Akuna Capital,Bao Nguyen,Carol Lim,Charles Huang,Gaingels,GFR Fund,Gutter Capital,Hyphen Capital,John Resnick,Johnnie Yu,Julia Gouw,LISA LEE,Michael Karnjanaprakorn,Michelle MiJung Banks,Sheila Lirio Marcelo,Theresa Vu and Wen Zhou $2.6m venture financing deal with Nguyen Coffee SupplyĤ) The $1mprivate equity deal with L’uva Bella by InvestBevĥ) Seed InvestCo $0.18m venture financing deal with Drink MondayNational Beverage Corp. The combined value of the top five beverage deals stood at $50.28m, against the overall value of $60.3m recorded for the month. The top five beverage industry deals accounted for 83.4% of the overall value during March 2022. US beverage industry deals in March 2022: Top deals ![]() Which ingredients stand to benefit from these future developments?Įnter your details here to receive the free whitepaper.How companies and governments are stepping up their efforts to meet consumers’ expectations.What is driving consumer choices when shopping for food and beverages?.The key factors behind the recent trends in sugar consumption.Now more than ever, consumers are paying attention to the amount of sugar and calories in the products they purchase.Īccess GlobalData’s new whitepaper, The Sugar Reduction Challenge – Past, Present and Future Outlooks within Beverages, to better understand the recent trends in sugar demand, how manufacturers and governments have responded to the challenge, and what solutions are available to the industry. In addition, the pandemic heightened the focus on self-care, including implementing healthy eating to support the immune system. This has driven food and beverage manufacturers, alongside governments, to take measures to meet this challenge. Growing consumer concern regarding health and wellbeing has increased the focus on reducing sugar consumption.
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