US: Who’s Your Daddy posts Q1 net loss
Who's Your Daddy has reported net revenues of US$133,814 for the first quarter against net revenues of $150,457 for the same quarter of 2006.
The net loss for the first quarter narrowed from $1.05m to $926,008, the Californian energy drinks company said yesterday (21 May).
The company said sales had actually increased by 38% in the first quarter but this had been obscured by an accounting change which brought its reporting system into line with industry norms.
However, in spite of the first-quarter growth in real terms, CEO Edon Moyal expressed dissatisfaction with the results. "Although the first calendar quarter is typically the slowest quarter for the beverage industry, we are not satisfied with our results," he said. "Since the end of the first quarter, we have taken many necessary steps to enhance our revenue-generating capacity, including expanding our sales team with experienced personnel from leading industry competitors and establishing a national sales plan with targets and incentives."
Moyal added that he expected these measures, along with other steps, to "increase sales rapidly" in the second and third quarters.
The growth of still soft drinks, such as juices and functional waters, presents manufacturers with a problem, as they are more susceptible to spoilage than traditional carbonated drinks. However, thei...
Although a small sector in volume terms, the energy drinks category punches above its weight in the global soft drinks market in value, and has outpaced market growth for many years. While the rate of...
Hansen Natural Corporation has a sharp increase in sales and profits for both its third quarter and first nine-month period, as sales leapt by over a third....
Boo Koo Holdings has posted a significant drop in net sales for its third quarter due to a lack of fluidity in its distribution changeover....
Barr Soft Drinks has signed an exclusive five-year partnership agreement with the North American energy drinks brand Rockstar to sell its double-sized energy drink brands across the UK....
Jetset Beverage has signed a deal with Southern Wine & Spirits of America to distribute its energy drinks and cocktail mixers across the US market....
Who's Your Daddy has revised its results for the second quarter....
PepsiCo has reported a lift in both operating profit and sales for its third quarter....
- Comment - Diageo Spins the Guinness Wheel... Again
- Diageo's Labels Give Industry Something to Digest
- Comment - 'Craft' and the Danger of 'Romance Copy'
- Is A-B InBev/SABMiller 'Mega-Merger' Off?
- Who should Stock Spirits Acquire?
- Diageo lines up UK innovations push
- Craft is an 'abused' term - Pernod Ricard exec
- SPI Group 'disappointed' over Stolichnaya ruling
- Diageo's Guinness Golden Ale
- Edrington names European Travel Retail head
- Global rum insights - market forecasts, product innovation and consumer trends research
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends research
- Champagne: Less Than Bubbly
- Beer Market Insights Africa 2014
- ALDI 2015: Radically transforming Anglo Saxon grocery markets