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 the upcoming launch of TapouT Energy, an energy drink aimed at enhancing cognitive performance and focus, set for late March 2023. Developed by elite nutritionist Sanjeev Javia and NFL star Drew Brees, the drink will be available in three flavors: Cherry Lemonade, Orange, and Peach Mango, all zero sugar and derived from natural ingredients. CEO Robert Nistico highlighted that the U.S. energy drink market is nearing $12 billion and is expected to grow to $28.25 billion by 2027. The launch capitalizes on a booming sector, with innovative brands seeing an 18% increase in sales.
Splash Beverage Group (NYSE American: SBEV) shared a shareholder update highlighting recent growth and distribution agreements. The company has added over a dozen new distributors and several national retail authorizations, including Circle K, Publix, and Target. Gross sales grew by 73% quarter-over-quarter and 64% over nine months. The company has also secured financing through the sale of convertible notes and warrants. New hires, including a veteran sales leader, aim to capitalize on growth opportunities, bolstered by celebrity endorsements such as NFL star Drew Brees.
Splash Beverage Group (NYSE: SBEV) is set to present virtually at the Emerging Growth Conference on December 14 at 10:50 AM ET. CEO Robert Nistico will lead the presentation, expected to last around 30 minutes, providing updates and engaging with shareholders and the investment community. The event promotes real-time interaction and will be accessible for those who register. Splash Beverage is known for its innovative beverage portfolio, including brands like Copa di Vino and SALT tequila, aimed at accelerating growth in the beverage sector.
Splash Beverage Group (SBEV) has secured authorization from Publix to sell all four TapouT SKUs across 1,018 stores in Tennessee, Florida, Alabama, Georgia, and North Carolina. Publix is a major employee-owned supermarket chain with over 1,300 locations. CEO Robert Nistico highlighted this authorization as a significant milestone for the TapouT brand, stating it will enhance consumer accessibility and open new distribution opportunities as some distributors in these areas currently do not carry the product.
Splash Beverage Group (SBEV) has secured agreements with nine new beverage distributors across the southeastern U.S., enhancing the distribution of its TapouT hydration drink from Florida to Virginia. This expansion is expected to increase retail orders as TapouT gains traction. The distributors include Allstate Beverage, Southern Eagle, and Ajax Turner Company, among others. CEO Robert Nistico emphasized the critical role of distribution in driving retail growth. The company is optimistic about meeting rising demand as it prepares for 2023.
Splash Beverage Group (NYSE American: SBEV) has appointed James Michael Allred as Senior Vice President of Sales. Allred, with over 20 years of experience at Anheuser-Busch InBev, will enhance sales initiatives and expand the company's retail-chain customer base under President Bill Meissner. CEO Robert Nistico emphasized the importance of executing distribution opportunities across the U.S. as the company grows. Splash Beverage Group owns several beverage brands and aims to rapidly develop its portfolio and global distribution.
Goldman Small Cap Research has released a research report on Splash Beverage Group, Inc. (NASDAQ:SBEV), showcasing the company's potential for growth. Headquartered in Florida, SBEV is expanding its diverse beverage portfolio, which includes brands like Copa di Vino and SALT. The report emphasizes a predicted revenue increase from $11M in 2021 to $30.7M in 2023. Despite a strong sales growth forecast of 52.8%, SBEV's P/S ratio remains low at 1.4x compared to the industry average of 5x, indicating significant investment potential.
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Splash Beverage Group (SBEV) reported Q3 2022 financial results, showing a 73% increase in gross sales to $5.1 million, up from $2.9 million year-over-year. Revenue for the nine-month period rose 64% to $14.0 million.
The net loss narrowed to $5.1 million compared to $12.1 million in the prior year. The company attributed this reduction to increased revenue and lower operating expenses. Cash and equivalents decreased to $2.6 million as of June 30, 2022. Splash Beverage is evaluating credit facilities to support its expansion.
Splash Beverage Group, a leading beverage brand portfolio company, announced that CEO Robert Nistico will present virtually at the Sidoti Investor Conference on November 9, 2022, at 9:15 am ET. The presentation is accessible via live stream, and investors can also engage in one-on-one meetings during the conference. Splash's diverse brand portfolio includes Copa di Vino, SALT flavored tequilas, and more. This event reflects Splash's commitment to investor engagement and showcases its expanding presence in the beverage industry.