NetworkNewsBreaks –Splash Beverage Group Inc. (N
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Posted On: 07/19/2021 4:01:04 PM
NetworkNewsBreaks –Splash Beverage Group Inc. (NYSE American: SBEV) Releases Updated Revenue Guidance, Forecasts 436% YoY Revenue Growth
Splash Beverage (NYSE American: SBEV), a portfolio company of leading beverage brands, including SALT Citrus flavored tequila, released its forward-looking revenue guidance for Q3 and Q4 2021 fiscal year as well as fiscal year 2021 results. The company is currently in its third quarter, and the announcement noted that it anticipates revenue of $4.14 million, which would be an increase of 34% sequentially and 310% over the same quarter in 2020. Splash also released its projected FY Q4 2021 results, which should reach an estimated $5.78 million, a sequential quarterly increase of 39% and a comparative quarterly increase of 366%. Finally, the company also reported that it anticipates year-end guidance for total revenues to reach $15.97 million, a year-over-year increase of 436%. The company also noted key business highlights. Those highlights include uplisting SBEV stock to the NYSE/American exchange, entering at least seven significant distribution agreements with leading independent U.S. distributors and beginning operations on its initial acquisition of Copa di Vino. In addition, the company secured a distribution deal with American Software Capital to distribute all its brands in China, which represents a combined market opportunity of more than $64 billion, and announced that its Qplash platform will integrate all Splash brands to expand its national market presence. “We are seeing broad market penetration of all our brands across U.S. markets and expect similar traction in our overseas distribution agreements, making us comfortable to provide initial revenue guidance heading into the back half of this year,” said Splash Beverage president and CEO William Meissner in the press release. “We are particularly encouraged by the current 71% increase in Pulpoloco sales compared to last year, as well as significant growth and positive consumer response to Copa Di Vino, TapouT hydrating sports drink, and flavored SALT 100% agave tequila brands. . . . Heading into the back half of this year, which is usually a seasonally strong period for beverage and spirits sales, we expect to see an acceleration of brand development across the board. We believe that both SALT tequila and Copa Di Vino are positioned for at least double-digit percentage growth, and with TapouT being part owned by the WWE, we believe the market penetration for that product can lead to exponential growth on a national scale.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Splash Beverage (NYSE American: SBEV), a portfolio company of leading beverage brands, including SALT Citrus flavored tequila, released its forward-looking revenue guidance for Q3 and Q4 2021 fiscal year as well as fiscal year 2021 results. The company is currently in its third quarter, and the announcement noted that it anticipates revenue of $4.14 million, which would be an increase of 34% sequentially and 310% over the same quarter in 2020. Splash also released its projected FY Q4 2021 results, which should reach an estimated $5.78 million, a sequential quarterly increase of 39% and a comparative quarterly increase of 366%. Finally, the company also reported that it anticipates year-end guidance for total revenues to reach $15.97 million, a year-over-year increase of 436%. The company also noted key business highlights. Those highlights include uplisting SBEV stock to the NYSE/American exchange, entering at least seven significant distribution agreements with leading independent U.S. distributors and beginning operations on its initial acquisition of Copa di Vino. In addition, the company secured a distribution deal with American Software Capital to distribute all its brands in China, which represents a combined market opportunity of more than $64 billion, and announced that its Qplash platform will integrate all Splash brands to expand its national market presence. “We are seeing broad market penetration of all our brands across U.S. markets and expect similar traction in our overseas distribution agreements, making us comfortable to provide initial revenue guidance heading into the back half of this year,” said Splash Beverage president and CEO William Meissner in the press release. “We are particularly encouraged by the current 71% increase in Pulpoloco sales compared to last year, as well as significant growth and positive consumer response to Copa Di Vino, TapouT hydrating sports drink, and flavored SALT 100% agave tequila brands. . . . Heading into the back half of this year, which is usually a seasonally strong period for beverage and spirits sales, we expect to see an acceleration of brand development across the board. We believe that both SALT tequila and Copa Di Vino are positioned for at least double-digit percentage growth, and with TapouT being part owned by the WWE, we believe the market penetration for that product can lead to exponential growth on a national scale.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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