Splash Beverage Group Inc Stock Price, News & Analysis

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.

Splash Beverage Group, NYSE American: SBEV, announced that CEO Robert Nistico will present at NobleCon18 on April 20, 2022, at the Hard Rock Hotel & Casino in Hollywood, Florida. The presentation starts at 1:00 PM EST, with a breakout session at 1:45 PM at Table 7. A video webcast will be available the next day on the company’s website and Noble’s conference site. Splash Beverage Group focuses on developing a portfolio of innovative alcoholic and non-alcoholic beverages, including Copa di Vino and SALT tequilas.