Castle Brands Inc., New York, reported financial results for the first quarter of its 2017 fiscal calendar, which ended June 30, 2016. Among the highlights were that net sales increased 1.4 percent to $16.8 million for the first quarter of fiscal 2017. 

Stone Brewing Co., Escondido, Calif., announced that it is commemorating its 20th anniversary by crafting a new celebratory double IPA: Stone 20th Anniversary Citracado IPA, brewed with avocado flower honey and Citra hops, the company says. Beginning this week, the craft beer company will release the new IPA in 22-ounce bottles and on-draft to retailers nationwide where Stone Beers are sold, it says. 

Demand for cups and lids in the United States are projected to expand 3.9 percent a year to $10.6 billion in 2020, according to a new study from The Freedonia Group, Cleveland. Gains will be supported by food trends that favor convenience and smaller portions, the market research firm details in its “Cups & Lids” report. 

Sobe, a brand of Purchase, N.Y.-based PepsiCo Inc., is turning 21 this year and launched the #SOBENotSorry campaign as part of its celebration. The brand also released two new flavors: Midnight Mojito (Blackberry Mojito) and En Fuego (Spicy Limeade). 

According to a new study conducted by the ICF International, Fairfax, Va., for the Aluminum Association, Alexandria, Va., the combined greenhouse gas (GHG) emissions associated with the transportation and refrigeration of beverages in aluminum cans are lower than those associated with beverages in glass or plastic bottles under the same conditions.

 White Plains, N.Y.-based Heineken USA, in partnership with St. Louis-based Tumi, kicked off the seventh year of its #Heineken100 initiative by releasing the first of three travel, business and lifestyle accessories. Heineken is partnering 

London-based SABMiller plc and Molson Coors Brewing Co., Denver, reported that its joint venture MillerCoors experienced a second quarter underlying net income decline of 3.8 percent to $468.8 million versus the same period in the prior year. 

Just in time for National Root Beer Float Day (Aug. 6) Small Town Brewery, Wauconda, Ill., and Graeter's Ice Cream, Cincinnati, have teamed up to create the ultimate "adult" float featuring the brewer's Not Your Father's Root Beer and Graeter's craft ice creams.

Atlanta-based The Coca-Cola Co. reported its second quarter 2016 operating results. Reported net revenue declined 5 percent, while organic revenue grew 3 percent, according to the company. Global volume year-to-date grew 1 percent and was even for the quarter, it added. The company also gained global value share in the non-alcohol ready-to-drink beverage market, it says.

Leuven, Belgium-based Anheuser-Busch InBev (AB InBev) released a statement announcing that it has revised the final terms of its offer to acquire the entire issued, and to-be issued, share capital of SABMiller plc, London.