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Splash Beverage Group, Inc. - SBEV STOCK NEWS

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. is a leading player in the consumer beverage industry, managing a diverse portfolio of brands. The company operates in two main segments: manufacturing and distributing non-alcoholic and alcoholic beverages, and retail sales of beverages and groceries online. With a focus on the E-Commerce segment, the company's flagship division Qplash marks its foray into the e-commerce channel. In the beverage-alcohol sector, the company adheres to the Three-Tier Distribution System, relying on independent distributors for local and regional distribution.

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Splash Beverage Group (SBEV) has appointed F. William (Bill) Caple to its Board of Directors. With over 30 years of investment banking and management consulting experience, Mr. Caple will bolster the company's growth initiatives. He is the founder of Caple Advisory, focusing on international growth strategies, and has a track record in M&A and capital raises. Notably, he was instrumental in the acquisition of TaylorMade Golf by Centroid Partners. CEO Robert Nistico expressed confidence in Mr. Caple's ability to enhance the company's strategic direction. Splash's portfolio includes innovative brands such as Copa di Vino and SALT flavored tequilas, and aims for rapid expansion in the beverage industry.

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Splash Beverage Group (SBEV), a growing beverage company, reported a 47% increase in total gross revenue for Q1, reaching $6.1 million, compared to $4.1 million in the prior year. The core beverage brands experienced a 28% increase, with Q-plash up 60%. The company has expanded its retail presence by adding over 24,000 store doors in various national and regional chains, enhancing distribution capabilities through key partnerships. The management emphasizes the significance of an established distribution network for product authorization in retail. They expect gradual revenue growth as distribution expands within retail chains and through the on-premise segment. CEO Robert Nistico expressed confidence in the company’s positioning and the potential for continued growth in a large market.

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Splash Beverage Group (SBEV) announced a conference call for April 11, 2023, at 10:00 am ET to discuss its Q4 and full-year 2022 financial results. The call can be accessed via toll-free numbers or a live webcast. Additionally, a replay will be available until April 25, 2023. The company boasts a diverse portfolio of beverage brands, including Copa di Vino and SALT flavored tequilas, and aims to expand its global distribution. Investors are urged to connect early for the call to accommodate potential software requirements for the webcast.

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Splash Beverage Group (SBEV) reported strong financial results for Q4 and the full year ended December 31, 2022. Q4 revenues rose 56% to $4.79 million, while full-year revenues increased 61% to $19.0 million, driven by growth in its ecommerce platform Qplash and the Copa Di Vino brand.

Gross margins improved significantly, reaching $3.3 million in Q4 and $5.9 million for the full year. The net loss narrowed to $4.8 million in Q4 and $21.7 million for the year, compared to $6.2 million and $29.0 million, respectively, in 2021. Cash reserves increased slightly to $4.4 million. The CEO emphasized ongoing investments in marketing and distribution as key to future growth.

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Splash Beverage Group, Inc. (SBEV) recently announced that its Pulpoloco Sangria has been awarded the prestigious 7-Eleven, Inc. Brands with Heart™ designation, enabling it to be showcased in select 7-Eleven and Speedway stores across the U.S. This recognition highlights the brand's growing visibility in the competitive beverage market. Pulpoloco Sangria, crafted in Madrid, is presented in an innovative eco-friendly packaging called CartoCan, emphasizing sustainability. CEO Robert Nistico expressed enthusiasm about this opportunity, indicating confidence in the product's quality and the company's distribution capabilities as pivotal factors for success in major retail outlets.

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On March 2, 2023, Splash Beverage Group (SBEV) announced a new distribution agreement with Carolina Premium Beverage to deliver its brands, Copa di Vino, Pulpoloco, and TapouT, across North Carolina. Carolina Premium Beverage has over 80 years of experience and delivers more than 6.8 million cases annually, placing it among the top beer wholesalers in the U.S. CEO Robert Nistico expressed enthusiasm for the partnership, signaling an expansion into key markets like Charlotte. This agreement, along with a recent Publix authorization for TapouT, enhances Splash’s distribution strategy in the Southeastern U.S., aiming to boost retail presence and revenue.

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Splash Beverage Group (SBEV) announced new distributor agreements to enhance the presence of SALT Tequila across most counties in New York, excluding New York City. The distributors, Try-It Distributing, A. L. George Distributing, and Saratoga Eagle Sales & Service, are part of the Anheuser Busch network, providing a strong distribution network. Chairman Robert Nistico emphasized the growth potential of tequila in the spirits market, which could favorably impact SALT Tequila's expansion. The company aims to capitalize on the growing demand in the spirits sector.

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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.

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FAQ

What is the current stock price of Splash Beverage Group (SBEV)?

The current stock price of Splash Beverage Group (SBEV) is $0.176 as of December 24, 2024.

What is the market cap of Splash Beverage Group (SBEV)?

The market cap of Splash Beverage Group (SBEV) is approximately 10.9M.

What are Splash Beverage Group, Inc.'s primary operating segments?

The company operates in two main segments: manufacturing and distributing non-alcoholic and alcoholic beverages, and retail sales of beverages and groceries online.

What is Qplash?

Qplash is a wholly owned division of Splash Beverage Group, Inc. and serves as the company's initial venture into the e-commerce channel.

How does Splash Beverage Group, Inc. distribute its beverage-alcohol products?

The company operates within the Three-Tier Distribution System, utilizing independent distributors for local and regional distribution of its beverage-alcohol products.

What is the strategic focus of Splash Beverage Group, Inc.?

Splash Beverage Group, Inc. aims to rapidly develop and expand its existing brand portfolio while acquiring and accelerating brands that are industry innovators or have high visibility.

What brands are included in Splash Beverage Group, Inc.'s portfolio?

The company owns a diverse portfolio of alcoholic and non-alcoholic beverage brands, including Copa di Vino wines, SALT Flavored Tequila, Pulpoloco Sangria, and TapouT Cognitive Energy Drinks.

Splash Beverage Group, Inc.

NYSE:SBEV

SBEV Rankings

SBEV Stock Data

10.90M
51.96M
16.99%
7.06%
0.38%
Beverages - Wineries & Distilleries
Beverages
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United States of America
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