Blog: No chance of weather raining on Monster's parade
James Wilmore | 9 August 2013
Good to hear that not all companies blame the weather when they're having a rough time.
"We don't have weather in our vocabulary," said straight-talking Monster CEO Rodney Sacks yesterday (9 August), when being questioned by analysts following its disappointing first-half results yesterday (8 August).
"I think that weather does play a part in every beverage," he added. "But we really don't know what effect it has. We don't measure it... we generally tend to try and manage the business outside of the weather issues."
Certainly a refreshing response considering all the whingeing over weather we've been hearing recently from drinks firms.
Still, with the threat of regulation and legal action still hanging over the energy drinks group, no wonder Sacks is unconcerned about the odd spot of rain.
Whisk(e)y companies spend a lot of money and effort ageing their products for that premium taste....
PepsiCo created a stir last week with the news it is testing a product called Caleb's Kola, with some in the media claiming it was the beginning of a new “craft soda” category....
SABMiller's bid to widen the appeal of beer is very much in evidence at its latest 'House of Peroni' - with beer cocktails and a bigger bottle for the Italian lager brand on offer. ...
Here's a round-up of the big stories on just-drinks last week, featuring PepsiCo, SABMiller, the Scotch whisky category and the US wine market....
- Analysis - Remy's Cognac "dead-cat bounce"
- Comment - How Hand-Made is Tito's Handmade Vodka?
- Heineken to stay "active player" in beer M&A - CFO
- Focus - Pernod Ricard's Q1 sales by brand
- Time for Heineken to make a European break
- Moët Hennessy unveils first Travel Retail outlet
- United Spirits sees Q1 net loss
- Whisky downturn slows Diageo's Scotch spend
- Beam Suntory, Edrington part ways in Travel Retail
- Pernod Ricard sees sales lift in Q1