This was driven by a business model change in China to a royalty license which mitigates risk and reduces marketing investment, but correspondingly decreases revenue by $1.3 million, the company says.

Available online, RESPAWN is a new mental performance drink mix designed for gamers, by gamers.

WTRMLN WTR, a brand of Denver-based World Waters LLC, announced the global launch of WTRMLN SportWTR, an electrolyte-filled, healthy-hydrating and performance-enhancing beverage, the company says.

The sports drink market is facing stiff competition from other beverage categories and remains to be seen whether it will make its comeback victory.

Consumers are finding a “smorgasbord” of options to help them wind down after workouts and improve overall bone and joint health.

In its first foray into the beverage market, ALOHA Inc. launched its self-titled line of plant-based protein drinks in three varieties: Vanilla, Chocolate Sea Salt and Coconut.

WTRMLN WTR, a brand of World Waters LLC, added its newest flavor: WTRMLN WTR + Strawberry. 

While reported net revenues declined because of refranchising and currency headwinds, the company delivered organic revenue (non-GAAP) growth within its long-term target for the sixth consecutive quarter, while also gaining value share globally, it said.

PepsiCo Inc., Purchase, N.Y., announced senior leadership appointments that support the company's strategic priorities and growth agenda.

PepsiCo Inc., Purchase, N.Y., reported results for the fourth quarter and full year 2018.