Welcome to our dedicated page for Splash Beverage Group news (Ticker: SBEV), a resource for investors and traders seeking the latest updates and insights on Splash Beverage Group stock.
Splash Beverage Group, Inc. (NYSE American: SBEV) is a Nevada-based company focused on managing and growing brands in the consumer beverage industry, and its news flow reflects both brand activity and corporate developments. Company press releases describe Splash Beverage Group as owning a portfolio of alcoholic and non-alcoholic beverage brands, including Copa di Vino wine by the glass, SALT flavored tequilas, Pulpoloco sangria, and performance hydration and recovery drinks such as TapouT. News items frequently highlight distribution wins, retail authorizations, financing transactions, governance changes, and strategic updates.
Recent news has included announcements about expanded distribution for Pulpoloco Sangria through retailers such as Total Wine & More across multiple U.S. states, as well as authorization for Chocolate SALT Tequila from the Pennsylvania Liquor Control Board, enabling placement in fine wine and spirits stores in Pennsylvania. These updates illustrate how Splash Beverage Group uses news releases to communicate progress in building out its distribution network and increasing retail availability for its brands.
On the corporate side, the company issues news about capital raising efforts, such as private placements of convertible notes and other financing arrangements intended to provide operating capital and support potential acquisitions. Press releases have also covered conference calls to discuss quarterly results and the state of the business, appointments of key executives and directors, and statements addressing going concern language in its annual report. These items give investors and other stakeholders insight into the company’s financial strategy, governance, and management priorities.
Visitors to the SBEV news page on Stock Titan can review this stream of announcements to understand how Splash Beverage Group is pursuing its stated strategy of rapidly developing early-stage brands, acquiring additional beverage brands, and expanding distribution. Regularly checking the news feed can help track developments in brand authorizations, financing, joint ventures, and other material events disclosed by the company.
Splash Beverage Group (SBEV) announced its authorization to sell TapouT performance drink in 47 Walmart stores across major metropolitan areas in Florida. This marks a significant milestone, as Walmart is known for being selective in brand offerings, indicating a strong validation of TapouT's market potential. The CEO of Splash expressed gratitude to Walmart and its distribution partner, AB One, highlighting the opportunity for significant growth in Florida and beyond. This development is seen as a promising start for the company in 2022.
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Splash Beverage Group (NYSE American: SBEV) has appointed TraDigital IR to enhance its financial marketing and establish relationships within the investment community. CEO Robert Nistico highlighted significant milestones since their uplisting, including a distribution agreement with AB One and new product lines. TraDigital aims to leverage Splash's management experience with leading brands like Red Bull and DIAGEO to support growth. This partnership signals Splash's commitment to expanding its presence in the beverage market.
On November 17, 2021, Splash Beverage Group (SBEV) announced a distribution agreement with AB ONE, expanding the availability of its brands, including TapouT performance drink, Copa di Vino wine, and Pulpoloco sangria, across key U.S. markets like New York, Boston, and Los Angeles. This partnership will enhance Splash’s multi-state distribution footprint and is expected to reach approximately 50,000 retail accounts, providing significant growth opportunities for the company.
Splash Beverage Group (SBEV) reported significant financial growth in its Q3 2021 results, showing a 308% increase in quarterly revenues to $2,827,393 compared to $692,974 in Q3 2020. For the first nine months of 2021, revenues surged by 578% to $8,254,078. Despite this growth, the company faced a $12.2 million loss from continuing operations in Q3, largely due to non-cash transactions. The CEO highlighted successful distribution agreements and anticipated strong growth moving forward, supported by a robust balance sheet with over $8 million in cash.
Splash Beverage Group (NYSE American: SBEV) announced a rebranding of its TapouT performance hydration-recovery drink, set for launch in January 2022. This move targets the expanding $7 billion performance drink market, responding to consumer shifts towards fitness and nutrition. The new label, featuring bilingual English and Spanish text, highlights zero sugar, clean ingredients, and various health benefits. The rebranding aims to enhance shelf presence and appeal to a broader consumer base, positioning TapouT to secure better distribution channels.
Splash Beverage Group (SBEV) has launched a new Copa di Vino 4-pack to celebrate the brand's 10th anniversary, enhancing its presence in grocery and mass-market channels. The new packaging features a clear cutout to showcase the premium wine cups, retailing at approximately $11.99, with promotional prices as low as $9.99. Distribution of the 4-packs has commenced nationwide, aiming to facilitate higher sales volume. Bill Meissner, President and CMO, highlights the product as a way for consumers to enjoy their favorite wine in larger quantities.
Splash Beverage Group (SBEV) has expanded its distribution agreement with Eagle Brands to include TapouT non-alcoholic performance drinks, enhancing its market reach in Miami. Eagle Brands distributes to over 4,500 retail locations in Dade and Monroe counties. The TapouT brand targets the health-conscious demographic, especially given Miami's ranking as the healthiest city in America. CEO Robert Nistico emphasized the importance of this partnership in leveraging Eagle's distribution network, which has previously supported their brands like Copa di Vino and SALT Tequila.
Splash Beverage Group (SBEV) announced its participation in the 84th Annual NBWA Convention & Trade Show in Las Vegas from October 3-6, 2021. This event, crucial for wholesalers and distributors, allows Splash to showcase its brands like SALT Tequila, Copa di Vino, and Pulpoloco Sangria to over 500 distributors. CEO Robert Nistico expressed optimism about meeting potential distributors and expanding brand territories during this significant industry event.
Splash Beverage Group (SBEV) is focusing on a growth-by-acquisition strategy to enhance shareholder value, as discussed in a recent interview with CEO Robert Nistico. The company reported revenue growth in the second quarter and is committed to both organic growth and strategic acquisitions. Nistico emphasized the importance of acquisitions for increasing revenue and distribution. SBEV operates across both alcoholic and non-alcoholic beverage segments, aiming to leverage efficiencies and mitigate risks while expanding brand awareness.