Business
Billion Dollar Brands: CEO’s of ORAGIN Foods, Dutch Bros, Kona Gold Beverage, and GenTech Driving Revenue Growth with New Market Expansion, and Product Innovation in Coffee, Specialty Retail, and CPG Plant-Based Brands
Billion Dollar Brands: CEO’s of ORAGIN Foods, Dutch Bros, Kona Gold Beverage, and GenTech Driving Revenue Growth with New Market Expansion, and Product Innovation in Coffee, Specialty Retail, and CPG Plant-Based Brands.
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[{"type":"text","content":"\n NEW YORK, April 12, 2022 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from CEO’s of: Dutch Bros Inc. (NYSE: BROS), ORAGIN Foods (OTC: OGGFF) (TSX.V: OG), Kona Gold Beverage, Inc. (OTC: KGKG) and GenTech Holdings, Inc. (OTC: GTEH). US Consumers will spend $635 billion on packaged foods, with $80 billion on coffee alone (Statista). American consumers are hungry for innovative brand experiences, and products - which spells explosive revenue growth potential, and the potential for building billion dollar brands. Wall Street Reporter highlights the latest comments from industry thought leaders shaping our world today, and in the decades ahead: Dutch Bros Inc. (NYSE: BROS) CEO Joth Ricci: “4,000 New Shops Next 10 Years”\"2021 was a fantastic year for Dutch Bros. We started the year with the launch of the brand in Texas, which was a major milestone for the Company. Led by a talented pipeline of regional operators and long-term franchise partners, unit growth accelerated to 98 new shop openings, revenue grew 52.1% and same shop sales increased 8.4%. While our history shows we’re a well-established and respected brand, we are still in the early stages of our long-term story. Two years ago, we entered 2020 with just 370 shops in 7 states. We finished 2021 with 538 shops in 12 states. Importantly, new shops are opening at higher average unit volumes than the system average, including in new markets. In 2022, we have committed to opening at least 125 new shops, supported by a robust pipeline and strong consumer acceptance of Dutch Bros. In addition to moving east, we are excited about further expansion in existing markets, including Southern California, a market we believe will be a significant growth driver. Over the next 10 to 15 years, we foresee at least 4,000 shops across the United States.\" Dutch Bros Inc. (NYSE: BROS) Earnings Highlights: https://www.wallstreetreporter.com/2022/03/01/dutch-bros-inc-nyse-bros-reports-strong-fourth-quarter-and-full-year-2021-financial-results/ ORAGIN Foods (OTC: OGGFF) (TSX.V: OG) CEO Matt Lurie: “Ready to Scale with Plant-Based Brands and Next Gen Organic Retailing” ORAGIN Foods (OTC: OGGFF) a featured presenter at Wall Street Reporter’s NEXT SUPER STOCK i...