Full-year financial results first released since merger
February 28, 2019
Keurig Dr Pepper Inc., Burlington, Mass., and Plano, Texas, reported financial results for the fourth quarter and full year ending Dec. 31, 2018, and provided guidance for adjusted diluted EPS growth for 2019 in line with the company's merger targets.
As consumers continue to adjust to the new year, their thirst for healthier versions of favorite beverages also continues. In the Readers’ Choice: New Product poll for January, Beverage Industry readers’ selected Frankly Organic Vodka as their favorite new product release.
Crispin Cider Co., a division of Chicago-based MillerCoors, continues to innovate with the debut of a new variety pack of 12-ounce slim cans, now available nationwide. Among the featured flavors are portfolio staples Crispin Rosé and Crispin Brut, along with its new flavor, Crispin Pearsecco.
Simply Beverages, a brand of Atlanta-based The Coca-Cola Co., is entering a new product category with the introduction of its chilled, ready-to-drink Simply smoothie fruit smoothies. The new beverage lineup offers an easy and convenient way to consume a healthy snack — nothing to chop, blend or clean up, the company says. Simply smoothie are available in three flavors: Strawberry Banana, Mango Pineapple and Orchard Berry.
Natural Light, a brand of St. Louis-based Anheuser-Busch, introduced Naturdays, a sessionable light lager brewed with strawberry lemonade flavor, the company says.
Distributing products within Central Kentucky for 71 years, Kentucky Eagle operates out of a new 190,000-square-foot facility that is the first Anheuser-Busch LEED Certified distributor in the nation, it says.
Driven by sales of its Modelo and Corona brand families, Constellation reported that its beer division had net sales of $1.2 billion, a 16 percent increase over fiscal year 2017, it said. These results within the company’s beer business for the third quarter were the most significant share gains in the U.S. beer industry, it stated.
Founded in 1934, Frederick Wildman is recognized as one of North America’s pre-eminent importers, with a portfolio that includes Gruppo Italiano Vini, Champagne Pol Roger, Famille Hugel, Domaine Olivier Leflaive, Jean-Jacques Vincent/Château Fuissé and Domaine Pascal Jolivet.
Employees, brands and warehouses of Eastern Oregon’s largest beverage distribution company will continue normal operations under the new ownership when the transaction closes on or around Feb. 28, it said.
The new in-depth study examined state-level alcohol tax receipts and per capita alcohol sales in Colorado, Washington state and Oregon for the two years prior to recreational marijuana legalization and up to three to four years post-legalization.