This potential beverages star delivers a record performance
New Age Beverages (NBEV), which was previously called American Brewing Company when we covered it in previous Blogs recently issued a very promising trading update. We were drawn to this unusual little drinks business after a seasoned beverages leader joined as Group CEO. He clearly has big ambitions for this functional beverage business and the early signs are extremely encouraging.
The Group’s brands are now sold in 46 states within the US and in more than 10 countries internationally across all channels via direct and store door distribution systems. The latest update confirmed that Company-wide sales on a combined and integrated basis were up 22% in June versus the prior 12 month average, with its Aspen Pure® Brand, Búcha® Live Kombucha brand, and its Colorado Distribution arm leading growth. The Functional Waters group, led by its Aspen Pure® brand, was up 19% in revenue versus the average in the prior 12 month period. The Kombucha Beverages group, led by Búcha®…