SBEV - InvestorNewsBreaks - Splash Beverage Group Inc. (NYSE American: SBEV) Announces Q1 2023 Financial Results
Splash Beverage Group (NYSE American: SBEV), a portfolio company of leading beverage brands, today released financial results for the first quarter ended March 31, 2023. Among the highlights, the company reported $5.8 million in net revenue for the first quarter compared to $3.9 million in the prior year period, an increase of 48%. “Our 2023 first quarter results are consistent with the preliminary results of $5.8 million in NET revenue ($6.1M gross), which is not only another record quarter for sales, but solid improvement in many of the key data points we outline in our April announcement, brands authorized in national and regional chains, selling universe as measured by more than 24,000 store doors,” said Robert Nistico, CEO of Splash Beverage Group. “We continue to expand our footprint of distribution relationships such that we are now available throughout the U.S.”
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About Splash Beverage Group Inc.
Splash Beverage Group, an innovator in the beverage industry, owns a growing portfolio of alcoholic and non-alcoholic beverage brands including Copa di Vino wine by the glass, SALT flavored tequilas, Pulpoloco sangria, and TapouT performance hydration and recovery drink. Splash’s strategy is to rapidly develop early-stage brands already in its portfolio as well as acquire and then accelerate brands that have high visibility or are innovators in their categories. Led by a management team that has built and managed some of the top brands in the beverage industry and led sales from product launch into the billions, Splash is rapidly expanding its brand portfolio and global distribution. For more information about the company, visit www.SplashBeverageGroup.com.
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