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Splash Beverage Group Inc - SBEV STOCK NEWS

Welcome to our dedicated news page for Splash Beverage Group (Ticker: SBEV), a resource for investors and traders seeking the latest updates and insights on Splash Beverage Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Splash Beverage Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Splash Beverage Group's position in the market.

News
Pursuant to NYSE Regulations, Splash Beverage Group Acknowledges the Going Concern Language in Its 10K and Reaffirms Its Commitment to Success
Rhea-AI Summary
Splash Beverage Group, Inc. (NYSE American: SBEV) reaffirms its commitment to sustainable growth and success despite a going concern opinion in its 10-K. The company acknowledges challenges but remains confident in its business model and workforce dedication.
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Splash Beverage Group Appoints Dr. John Paglia, a Professor of Finance at Pepperdine Graziadio Business School, to Its Board of Directors
Rhea-AI Summary
Splash Beverage Group, Inc. (SBEV) appoints Dr. John Paglia to its Board of Directors and Chair of Audit Committee. Dr. Paglia brings extensive corporate governance experience and financial expertise to the company, enhancing its strategic direction and shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.21%
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management
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Splash Beverage Group Extends Copa di Vino’s Retail Sales Presence with Iconic Las Vegas Retailer
Rhea-AI Summary
Splash Beverage Group, Inc. (SBEV) secures new distribution within Terrible’s Convenience in Las Vegas for Copa di Vino single-serve wine, expanding its reach to all 115 stores. The move aligns with the company’s distribution network strategy to target key chains and capitalize on the growing wine market in convenience stores.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.26%
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Splash Beverage Group, Inc. Secures Distribution with Sea World Parks & Entertainment – Clarification
Rhea-AI Summary
Splash Beverage Group, Inc. (SBEV) expands distribution of Pulpoloco Sangria to Sea World Parks & Entertainment's venues in multiple states. The company clarifies it is not an official corporate partner but a vendor. This distribution arrangement signifies a strategic move for Splash in reaching a wider audience.
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Splash Beverage Group Strengthens Distribution Network with Armada Distributing Partnership
Rhea-AI Summary
Splash Beverage Group, Inc. (SBEV) announces a distribution partnership with Armada Distributing, a prominent distributor in the state of Oklahoma, to expand its reach and accessibility in the Oklahoma market. The collaboration aims to increase market penetration and brand visibility for Splash's portfolio of leading beverage brands, including SALT Naturally Flavored Tequila, Copa di Vino Single Serve Wines, Pulpoloco Sangrias, and TapouT Cognitive Energy Drink. The partnership is expected to enhance consumer engagement and support Splash's 2024 growth plans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.86%
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partnership
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Splash Beverage Group, Inc. Secures Major Partnership with Sea World Parks & Entertainment
Rhea-AI Summary
Splash Beverage Group, Inc. (SBEV) has announced a significant milestone in its growth journey with the addition of Sea World Parks & Entertainment to its large venue customers. Sea World Parks & Entertainment will now offer Splash Beverage Group's Pulpoloco Sangria in all of its parks across California, Florida, Pennsylvania, Virginia, and Texas. This collaboration represents a significant growth opportunity for Splash, allowing them to introduce their product to millions of visitors across Sea World, Busch Gardens, Discovery Cove, and Sesame Place parks. Pulpoloco Sangria, available in two varietals, will now be accessible to visitors at Sea World Parks & Entertainment venues, providing them with a refreshing and flavorful beverage option to complement their park experience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.86%
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partnership
News
Splash Beverage Group Names Stacy McLaughlin as Chief Financial Officer
Rhea-AI Summary
Splash Beverage Group, Inc. (SBEV) appoints Stacy McLaughlin as Chief Financial Officer, bringing 21 years of finance and accounting experience, including managing $400M in revenue. Her responsibilities include overseeing all financial aspects of the company, M&A activities, and capital markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.25%
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Splash Beverage Group’s Copa di Vino and Pulpoloco Sangrias to be Featured in AMPM’s Thorntons Convenience Stores
Rhea-AI Summary
Splash Beverage Group, Inc. (SBEV) announced a partnership with Thornton convenience store chain to feature Copa di Vino single serve premium wines and Pulpoloco Sangria in Illinois and surrounding areas. The launch will include 4 varietals of Copa di Vino Premium Wine and 2 varietals of Pulpoloco Sangria. This expansion is the first step in a larger rollout planned for Spring 2024. The approval from AMPM Convenience, the parent company of Thornton's with over 1,500 locations nationwide, signals a significant growth opportunity for Splash Beverage Group. The company's President and CMO, Bill Meisner, and Chairman and CEO, Robert Nistico, expressed their excitement and gratitude for the partnership, highlighting the effectiveness of the portfolio approach in expanding the company's footprint and availability across the country.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.37%
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Splash Beverage Groups Copa di Vino Brand Received Walmart’s Coveted Golden Ticket Award for Its Lineup of Premium Single Serve Wine
Rhea-AI Summary
Splash Beverage Group, Inc. (SBEV) announces that Walmart will feature Copa di Vino in the Southeast U.S. The rollout will include a minimum of 2 varietals of four packs of Copa di Vino, with shipping expected to start in late Q1. Walmart offered the 'Golden Ticket' award to Copa di Vino at its Open Call 2023 event, indicating selection as a new product to be sold in physical store locations. The company's rebranding efforts and distribution network were key factors in receiving this award, signaling the start of a growing relationship with Walmart.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.14%
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Splash Beverage Group Reports Third Quarter 2023 Financial Results, Quarterly Revenues Rise 5%, Nine Month Revenues Rise 22%
Rhea-AI Summary
Splash Beverage Group, Inc. (NYSE American: SBEV) reported a 5% increase in net revenues for the third quarter ending September 30, 2023, reaching $5.1 million. However, the gross profit decreased to $1.3 million due to inventory reserves and a one-time write down of old inventory raw materials. Operating expenses improved by 19% to $5.6 million, and the third quarter loss from continuing operations improved by 16% to $4.3 million. The company's total cash and cash equivalents were $96,121 as of September 30, 2023, compared to $4.4 million at December 31, 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.46%
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earnings
Stock SBEV logo
Splash Beverage Group Inc

NYSE:SBEV

SBEV Rankings

#5235 Ranked by Market Cap
#4641 Ranked by Stock Gains
N/A Ranked by Dividends

SBEV Stock Data

14.89M
32.32M
15.28%
5.61%
0.45%
Home Health Care Services
Health Care and Social Assistance
Link
United States
Fort Lauderdale

About SBEV

canfield medical supply, inc. produces and distributes non-alcoholic drinks under the brand name tapout, amazoo, and bruce tea. the company was founded in 2011 and is based in fort lauderdale, florida.