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. reports developments for a portfolio of alcoholic and non-alcoholic beverage brands. Its recurring updates cover brand distribution for Pulpoloco sangria, SALT flavored tequilas, Copa di Vino wine by the glass, and hydration or recovery drinks, including retail authorizations and state-level alcohol-market access.
Company news also includes operating and financial results calls, capital-structure updates, private-placement activity, material agreements, shareholder voting matters, and governance changes. These items reflect Splash Beverage Group's model of managing and expanding consumer beverage brands through retail channels, distribution relationships, and public-company financing activity.
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.
Splash Beverage Group (SBEV) reported significant revenue growth in its Q2 2021 results. The company achieved a revenue of $3,287,760, marking a 36% increase from Q1 and a remarkable 696% year-over-year growth. In the first half of 2021, revenues reached $5,426,684, a 934% increase from the same period in 2020. The company uplisted to the NYSE American and raised approximately $15 million through a public offering. This financial boost positions Splash for stable operations and growth, with revenue guidance for 2021 set at $15.97 million.
AUSTIN, Texas, July 29, 2021 (GLOBE NEWSWIRE) -- SmallCapVoice.com Inc. announces an interview with Robert Nistico, CEO of Splash Beverage Group (SBEV), discussing the company's strategy, market trends, and financial guidance. Splash Beverage, active in both non-alcoholic and alcoholic beverage sectors, emphasizes acquisitions as a key growth tactic. The company projects revenues of $4.14 million for Q3, $5.78 million for Q4, and $15.97 million for FY 2021. Nistico highlights the importance of the last quarter, which typically accounts for 40% of annual sales.
Splash Beverage Group (SBEV) announced a partnership with Southern Eagle Distributing to market SALT Tequila to over 2,000 retailers in Florida. This strategic move leverages the existing network of 82 Anheuser Busch distributors, enhancing Southern Eagle's portfolio, which includes numerous popular brands. The SALT brand targets a rapidly growing segment in the spirits market, with U.S. tequila consumption increasing by 14%. Splash believes this collaboration will drive growth and prove effective in their investment strategy.
On July 19, 2021, Splash Beverage Group (SBEV) corrected its Q3 revenue to $4.14 million, down from an initially stated $5.78 million. This revised figure represents a 34% sequential increase and a remarkable 310% year-over-year growth. Looking ahead, the company projects Q4 2021 revenue to reach $5.78 million, with a total expected revenue of $15.97 million for the fiscal year, equating to 436% growth compared to 2020. Splash continues to expand its market presence through key distribution agreements and brand integrations.
Splash Beverage Group (SBEV) has provided forward-looking revenue guidance for Q3 and Q4 2021, anticipating revenues of $5.78 million for both quarters. This represents a 34% sequential increase and a staggering 310% year-over-year growth in Q3. The company projects total revenues for FY 2021 to reach $15.97 million, indicating a 436% year-over-year increase. Key business developments include successful distribution agreements, international expansion in China, and the recent uplisting to the NYSE/American Exchange.
Splash Beverage Group (SBEV) announced the integration of Oracle's NetSuite software into its ecommerce platform, Qplash, enhancing operational efficiency from order to shipment. This platform targets both B2B and B2C markets, facilitating direct-to-consumer sales for their alcoholic and non-alcoholic beverage brands. With 21 states now permitting spirit shipments directly to consumers, SBEV anticipates increased gross margins and a swift geographic expansion. The system optimizes expansion into new warehouses, supporting their multichannel strategy and enhancing profitability nationwide.