Monthly Archives: March 2022

Fresh Vine Wine Sales, Loss Soar in Year

Posted on March 31, 2022 by Joel Whitaker

Fresh Vine Wine reports annual revenue grew 681% to $1.7 million from $217 million in 2020.  The Company reported a net loss of $9.97 million for fiscal 2021, compared to a net loss of $1.29 million in fiscal 2020. Revenue growth … Continue reading →

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CGA Sees Flavored Spirits Growing in 2022

Posted on March 31, 2022 by Joel Whitaker

Flavored expressions account for less than 20% of all Whiskey sales in the U.S., but with flavored vodkas accounting for more than 20% of all Vodka sold in bar and restaurants, and flavored rum accounting for nearly a third of … Continue reading →

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Beer Inventories a Bit High as Hard Seltzer Continues Slide

Posted on March 31, 2022 by Joel Whitaker

It’s like good — well, maybe not quite so good — old times in the beer industry.  The National Beer Wholesalers Association‘s Beer Purchasers Index for March stands at 52 and an “at risk” inventory of 56. “Both numbers are reminiscent … Continue reading →

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Splash Beverage Sales Soar 139% in 2021, Net Loss Widens a Bit

Posted on March 31, 2022 by Joel Whitaker

Splash Beverage Group reports net revenue of $11.3 million in 2021 vs. $2.3 million a year earlier.  Non-cash compensation of $12.8 million, up from $2.3 million a year earlier, was principally responsible for the company’s net loss growing to $29.1 … Continue reading →

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What Arkansans Look for in Buying Wine

Posted on March 31, 2022 by Joel Whitaker

When it comes to choosing a wine, Arkansans look to three factors: cost, place of origin and grape variety, according to a survey conducted by the Arkansas Quality Wine program. The survey was conducted between February and April 2021 to … Continue reading →

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Early in Pandemic, Alcohol Users Drank More Often

Posted on March 31, 2022 by Joel Whitaker

Over the course of the pandemic, anecdotes about soaring alcohol sales have abounded. A new study shows that the frequency of drinking went up among those who used alcohol, even though the overall prevalence of drinking went down. The study, … Continue reading →

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