US: ChampionLyte Holdings Q1 revenue slips
ChampionLyte Holdings has posted its operating results for the quarter to 31 March 2004. Revenues for the company hit US$237,182, representing a loss of $0.03 per share, the company said yesterday.
"We are truly seeing the impact of a major company-wide restructuring that has yielded high-quality products and vastly improved marketing and distribution to, most recently, some of the nation's premier grocery chains and specialty retailers," said David Goldberg, president of ChampionLyte, said.
"Our sugar-free sports drinks and sugar-free syrups are clearly products that are in demand and address growing national concerns over obesity and diabetes," he added.
"Last week we announced a long-term distribution agreement with our beverage subsidiary for a minimum of 18,000 cases of ChampionLyte sugar free sports drinks, with Havana International and FTZ Ship and Duty Free Supplies Inc.," Goldberg said.
"We shipped the first order last month and we have just received a second order for 18,000 additional cases. We believe the Havana contract along with other recent orders, as well as reorders, will have a positive impact on 2nd quarter results."
Sectors: Soft drinks
The Hispanic community is a large and growing ethnic group within the US population and a consumer segment that soft drinks marketers are looking to tap. Hinde Liep of US market research company, Busi...
The functional drinks sector remains something of a niche market in Eastern Europe but there is clearly growth potential. Hope Lee of industry analysts, Euromonitor International, assesses the state o...
Functional soft drinks are relatively undeveloped in Latin America in comparison with Europe but there is significant growth potential. Hope Lee of industry analysts, Euromonitor International, examin...
Alabama's State Board of Education has banned carbonated drinks from vending machines in public elementary schools and limited them in middle and high schools....
With the introduction of Powerade Option, announced this week, Coca-Cola hopes to challenge PepsiCo's hold on the sports drink market....
Coca-Cola has launched a low-calorie sports drinks called POWERade OPTION, which it hopes will challenge the dominance of rival Gatorade in the sector. The new brand will hit shelves across the US thi...
Coca Cola is planning to invest €20m in a new production line at its plant at Socx near Dunkirk in northern France....
Sports drinks company ChampionLyte Holdings has announced that it has signed a definitive agreement for the acquisition of Cargo Connection Logistics Corp. and Mid-Coast Management, Inc., two privatel...
- Analysis - SABMiller to add bolt-ons in Africa?
- A-B InBev's Move on Tennent's Super Makes Sense
- India: Everyone's Favourite Spirits Market
- Brand Diversification Driving Craft Brewery Growth
- Analysis - Stock Spirits: Poland's number one
- Diageo scraps Arthur's Day, but singer left sad
- Pernod Ricard's Café de Paris Pear, Pomegranate
- PepsiCo CEO sees "profound" change in US consumers
- William Grant sinks GBP185,000 into "No" camp
- SodaStream silent on John Lewis pullout in UK