Splash Beverage Group’s SALT Flavored Tequila Rolled Out to Sam’s Club Stores Throughout the Southwest and Florida
Splash Beverage Group (SBEV) announced a significant expansion of its SALT Citrus flavored tequila distribution in Sam’s Club stores, increasing presence by 48% in Q1 2021.
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Rhea-AI Summary
Splash Beverage Group (SBEV) announced a significant expansion of its SALT Citrus flavored tequila distribution in Sam’s Club stores, increasing presence by 48% in Q1 2021. SALT is now available in 42 stores across California, Arizona, New Mexico, and Florida. This tequila, recognized as the world’s first flavored 100% agave, is positioned in a fast-growing market segment with U.S. tequila consumption surging by 14%. CEO Robert Nistico noted this expansion reflects rising consumer demand for flavored tequila, enhancing brand visibility and sales.
Positive
- SALT Citrus tequila's distribution expanded by 48% in Sam's Club, indicating strong consumer demand.
- SALT is now available in 42 stores, enhancing brand visibility in key markets.
- Tequila consumption in the U.S. has increased by 14%, supporting growth potential.
Negative
- None.
Details
News Market Reaction – SBEV
The recorded move for SBEV in the trading session of this news was +2.50%.
Data tracked by StockTitan Argus. Session date unavailable.
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Continued expansion of distribution into largest retail chains drives brand awareness, loyalty, and revenues
Fort Lauderdale, Florida, June 17, 2021 (GLOBE NEWSWIRE) -- Splash Beverage Group, Inc. (NYSE American: SBEV) ("Splash" or the "Company"), a portfolio company of leading beverage brands, today announced that Sam’s Club, a subsidiary of Walmart Inc. (NYSE: WMT) the largest retailer in the world, has expanded distribution of SALT Citrus flavored tequila by
SALT is believed to be the world’s first flavored
“We’re very pleased to increase the availability of SALT tequila through even more stores owned by the largest retailer in the world. Following SALT’s authorization for sale in Walmart stores in 2020, we see the expanded distribution into additional Sam’s Club stores as a very positive sign of consumer demand for our flavored tequila brand in one of the highest-growth segments of the alcoholic beverage market,” stated Robert Nistico, CEO of Splash.
Follow Splash Beverage Group on Twitter: www.twitter.com/SplashBev
About Splash Beverage Group, Inc.
Splash Beverage Group specializes in manufacturing, distribution, sales & marketing of various beverages across multiple channels. SBEV operates in both the non-alcoholic and alcoholic beverage segments, which they believe leverages efficiencies and dilutes risk.
SBEV believes its business model is unique as it ONLY develops/accelerates brands it perceives to have highly visible pre-existing brand awareness or pure category innovation.
Forward-Looking Statement
This press release includes "forward-looking statements" within the meaning of U.S. federal securities laws. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue" and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements and factors that may cause such differences include, without limitation inability to enter into a definitive agreement with respect to the proposed transaction or to complete the transactions contemplated by the non-binding term sheet, matters discovered by the parties as they complete their respective due diligence investigation of the other. Other factors include the possibility that the proposed transaction does not close, including due to the failure to receive required security holder approvals, or the failure of other closing conditions. The foregoing list of factors is not exclusive. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.
Contact Information:
Splashbeveragegroup.com
954-745-5815
SOURCE: Splash Beverage Group, Inc.
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