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.
On July 15, 2022, Splash Beverage Group (SBEV) announced that its CEO, Robert Nistico, will present at the Emerging Growth Conference on July 20 at 9:45 AM ET. This virtual event allows shareholders and investors to engage directly with Nistico, who will update them on the Company’s progress. Those unable to attend live can access an archived webcast thereafter. Splash Beverage boasts a diverse portfolio of drinks, including Copa di Vino and SALT tequila, and continues to expand its market presence.
Splash Beverage Group (SBEV) announced an expansion of its TapouT Performance Drinks distribution into Brewer Oil Company’s convenience stores across New Mexico. This partnership signals growth in retail availability, supported by the successful relationship with Kalil Bottling Company. Brewer Oil, a well-established convenience store chain, is known for its quality offerings.
CEO Robert Nistico emphasized the alignment of this expansion with the Company's broader growth strategy to target national distributors and regional retailers.
Splash Beverage Group (SBEV) has partnered with Mexcor International for the distribution of its brands, including Pulpoloco, Copa di Vino, and SALT Tequila, throughout Texas. Mexcor, the third-largest alcohol distributor in Texas with a vast network serving over 17,000 accounts, will provide Splash with enhanced market access in a state featuring nearly 30 million residents. CEO Robert Nistico emphasized the importance of Texas in their growth strategy, highlighting Mexcor's efficient operation and statewide coverage through multiple warehouses.
Splash Beverage Group (NYSE American: SBEV) announced a distribution agreement with Save A Lot grocery stores to carry its TapouT brand. Save A Lot operates over 850 stores across 32 states and generates $4 billion in sales. This partnership is expected to enhance TapouT's market presence significantly, with a phased rollout planned. Splash Beverage aims to expand its portfolio of alcoholic and non-alcoholic beverages, including other brands like Copa di Vino and SALT tequila.
Splash Beverage Group (NYSE American: SBEV) has signed an agreement to acquire 80% of Pulpoloco Sangria, enhancing its control over manufacturing and distribution in the US and internationally. This strategic acquisition follows Splash's role as exclusive importer since 2020 and aims to increase revenue and profit margins. Pulpoloco experienced a remarkable 43% sales growth year-over-year. The transaction is expected to finalize by August, with founder Paul Damon joining Splash to oversee international operations.
Splash Beverage Group (SBEV) has signed a distribution agreement with Buck Distributing to distribute its products in five counties in Central Maryland. Buck, a well-established distributor with over 200 brands and a 3 million case volume per year, will carry Splash's main beverages including TapouT, Copa di Vino, SALT Tequila, and Pulpoloco Sangria. This partnership is part of Splash's ongoing strategy to expand its distribution network, leveraging Buck's extensive experience in the beverage market.
Splash Beverage Group (SBEV) reported Q1 2022 gross sales of $4.1 million, marking an 86% increase from the previous year. This growth was driven by rising sales in the single-serve wine sector and B2B/B2C ecommerce. Gross profit rose to $832K from $517K, although net losses increased to $5.7 million due to higher operating costs. The company ended the quarter with $8.5 million in cash and less than $1 million in long-term liabilities, indicating a solid balance sheet position.
On May 4, 2022, Splash Beverage Group (NYSE American: SBEV) announced that its TapouT Performance Drink will be available through Bashas’ Family of Stores, starting June 1, 2022. This partnership enhances TapouT's distribution in Arizona, leveraging Bashas’ established grocery network. Robert Nistico, CEO, highlighted that this agreement builds credibility in key markets, following a prior deal with Kalil Bottling Company. Bashas’ has over 100 stores across Arizona and aims to provide quality products and service.
Splash Beverage Group, Inc. (SBEV) has announced a distribution agreement with Beechwood Sales & Service to expand the availability of TapouT performance drinks across Wisconsin. Beechwood has been a dealer of Anheuser-Busch since 1987 and services numerous accounts from three warehouses. CEO Robert Nistico emphasized that this agreement strengthens their foothold in the Upper Midwest, complementing previous partnerships like Tri County Beverage in Michigan. TapouT drinks feature an advanced formula for hydration and recovery, enhancing their product appeal in the growing performance drink market.
Splash Beverage Group (NYSE American: SBEV) announced the appointment of Ron Wall as its new Chief Financial Officer, effective May 2, 2022. Wall brings over 25 years of financial leadership experience in the beverage industry, having served as CFO at William Grant & Sons. His role at Splash will focus on overseeing all financial aspects, including accounting, tax, financial planning, and M&A activities. CEO Robert Nistico expressed confidence in Wall's ability to drive growth through acquisitions and contribute to the company's strategic vision.