Latest news with #Eos
Yahoo
5 days ago
- Business
- Yahoo
Eos Energy Successfully Closed $336M in Concurrent Offerings of Common Stock and Convertible Senior Notes, Strengthening its Balance Sheet and Creating Enhanced Financial Flexibility
Simplified capital structure bolsters ability to rapidly meet customer demand, reduce interest expense, and increase liquidity Continues to scale operations with order for its second state-of-the-art battery module manufacturing line EDISON, N.J., June 16, 2025 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ('Eos' or the 'Company'), America's leading innovator in the design, sourcing, and manufacturing of zinc-based long duration energy storage (LDES) systems, manufactured in the United States, announced the closing of the full exercise of the initial purchasers' option to purchase additional notes in connection with its convertible senior notes due 2030 offering. Following the exercise of the option, $250 million aggregate principal amount of convertible senior notes due 2030 were outstanding. This announcement follows the Company's successful closing of its concurrent offerings of common stock (including a full exercise of the underwriters' option to purchase additional shares) and convertible senior notes due 2030. These transformative transactions mark a critical inflection point that unlocks the financial flexibility required to scale operations to meet long duration energy storage global demand. The offerings were significantly oversubscribed, demonstrating strong investor confidence in Eos' market potential and progress against its strategic plan. 'We proactively capitalized on favorable market conditions to strengthen our financial position and play offense on long term growth,' said Nathan Kroeker, Eos Chief Commercial Officer and Interim Chief Financial Officer. 'Amid this opportunity, we strategically repurchased the maturing 2026 convertible note, lowered our cost of capital on the Cerberus term loan, and enhanced liquidity, putting us in an ideal position to capture the growing demand for long duration energy storage.' The capital infusion strengthens Eos' ability to execute its growth strategy and increases strategic flexibility by reducing the weighting at the top of its capital stack. It also allowed the Company to restructure key portions of its debt, materially lowering its cost of capital while strengthening its balance sheet, with the overall transaction resulting in approximately $400 million in savings over the terms of the Company's debt. 'This was more than a capital raise – it strategically positions the Company to achieve our long-term objectives,' said Joe Mastrangelo, Chief Executive Officer of Eos. 'Improving our capital structure provides the tools required to operationally position the Company for growth. A stronger balance sheet combined with an improved capital cost structure, allows Eos to deliver for its customers, and build long-term shareholder value.' Use of Proceeds and Strategic Debt Restructuring Proceeds from the transactions were used to: Fully repurchase the Company's $125.9 million 5%/6% Convertible Senior PIK Toggle Note due 2026 for $131 million, saving Eos $8.3 million in incremental interest that would have been owed upon maturity. Pursuant to the terms of the repurchase agreement, the Company subsequently received a $5 million reimbursement of the purchase price from the holder. Prepay $50 million of outstanding borrowings due under the Company's Delayed Draw Term Loan (DDTL) between Eos and an affiliate of Cerberus Capital Management LP ('Cerberus'), and Add approximately $139 million in cash to the balance sheet net of purchaser discounts, prior to the deduction of expenses. The $50 million prepayment on the DDTL resulted in key benefits: Reduced the interest rate on the remaining DDTL from 15% to 7%, significantly lowering the Company's cost of capital. Deferred the EBITDA and revenue financial covenants on the DDTL and DOE to begin March 31, 2027, allowing the Company to focus on scaled growth. Extended the lock-up period on Cerberus held securities by one year to June 21, 2026, further aligning long-term shareholder interests. Waived call protection provisions, saving the Company $28.7 million in prepayment expense. Eos is currently working to obtain approval from the U.S. Department of Energy's Loan Programs Office (DOE) for the next funding advance under tranche 1 of its DOE guaranteed loan. Operational Momentum and Manufacturing Expansion Eos recently submitted the purchase order for its second state-of-the-art manufacturing line that is expected to be operational in the first half of 2026. This marks a pivotal milestone in the Company's plan to scale domestic production in response to strong U.S. and international demand. In parallel, Eos is in the process of installing and commissioning its first bi-polar sub-assembly, an automation enhancement expected to drive significant improvements in throughput and production efficiency. Year-to-date, Eos has shipped more energy storage cubes than in all of 2024, with Q2 shipments surpassing Q1, reflecting strong manufacturing execution. This momentum is expected to continue throughout the remainder of the year, supported by meaningful output gains as the Company brings all its terminal and bi-polar sub-assembly automation fully online during the third quarter. System Performance and Field Integration As production capacity increases, Eos continues to invest in the innovation engine driving its technology roadmap. At its R&D facility in Edison, New Jersey, Francis Richey, Chief Technology Officer, and Pranesh Rao, Senior Vice President Storage Systems Engineering, and team are pioneering advancements that are reshaping long duration energy storage. Introduced during the Company's December 2023 strategic outlook call, Eos has made substantial progress on two foundational components of its Z3 energy storage system: its proprietary American-made Battery Management System (BMS) and its modular inline cube architecture. The custom electronics and advanced software in the BMS have improved availability and shown round trip efficiency above 80% with some longer duration applications surpassing 90%. Developed and maintained in the United States, the BMS ensures critical data privacy and cybersecurity protections, key to enhancing the resilience and security of the U.S. power grid. The Company's inline cube, engineered to simplify field deployment and reduce system level costs, has also demonstrated measurable field efficiencies. In a recent Z3 project, Eos proved the ability to cold commission 75 cubes in just 7 days, resulting in approximately 96% lower installation costs versus prior system designs. Faster installation times and lower costs allow the Eos system to rapidly-scale and meet customer demand for accelerating grid integration. Building on these operational and technological advancements, Eos has partnered with PA Consulting Group – energy market and policy advisor and industry leader in forecasting and analytics – to quantify the near and long-term value of its technology. Despite higher upfront costs, compared to incumbent technologies, PA's independent modeling for ERCOT-based customers showed 30-50% higher revenues over the life of a project for 4+ hour systems. This is a testament to the differentiated performance of the domestically manufactured Z3 technology, and the benefits Eos can provide to customers across North America. As power systems adapt to the growing demands of electrification and increased renewable penetration, energy storage has become essential to ensuring grid reliability, flexibility, and resilience. Eos is well-positioned to meet this need with secure, scalable, American-made solutions offering customers not just technology, but long-term value and performance that support the evolving energy landscape. Upon the closing of the offerings (including the option to purchase additional notes), the Company is no longer subject to quiet period restrictions until the regularly scheduled period at the end of the second quarter until earnings. About EosEos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. Safe, scalable, efficient, sustainable—and manufactured in the U.S—it is the core of our innovative systems that today provide utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3-to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit Contacts Investors: ir@ media@ Forward Looking Statements Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our expected revenue, for the fiscal years December 31, 2025, our path to profitability and strategic outlook, statements regarding orders backlog and opportunity pipeline, statements regarding our expectation that we can continue to increase product volume on our state-of-the-art manufacturing line, statements regarding our future expansion and its impact on our ability to scale up operations, statements regarding our expectation that we can continue to strengthen our overall supply chain, statements regarding our expectation that our new comprehensive insurance program will provide increased operational and economic certainty, statements that refer to the delayed draw term loan with Cerberus, milestones thereunder and the anticipated use of proceeds, statements that refer to outlook, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management's beliefs, as well as assumptions made by, and the information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to achieve the operational milestones on the delayed draw term loan; our ability to raise financing in the future; risks associated with the DDTL with Cerberus, including risks of default, dilution of outstanding Common Stock, consequences for failure to meet milestones and contractual lockup of shares; our customers' ability to secure project financing; the amount of final tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act; the timing and availability of future funding under the Department of Energy Loan Facility; our ability to continue to develop efficient manufacturing processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; competition from existing or new competitors; our ability to convert firm order backlog and pipeline to revenue; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims; risks associated with evolving energy policies in the United States and other countries and the potential costs of regulatory compliance; risks associated with changes to the U.S. trade environment; our ability to maintain the listing of our shares of common stock on NASDAQ; our ability to grow our business and manage growth profitably, maintain relationships with customers and suppliers and retain our management and key employees; risks related to the adverse changes in general economic conditions, including inflationary pressures and increased interest rates; risk from supply chain disruptions and other impacts of geopolitical conflict; changes in applicable laws or regulations; the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; other factors beyond our control; risks related to adverse changes in general economic conditions; and other risks and uncertainties. The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in the Company's most recent filings with the Securities and Exchange Commission, including the Company's most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the Securities and Exchange Commission from time to time. Moreover, the Company operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Yahoo
6 days ago
- Business
- Yahoo
Eos Energy Successfully Closed $336M in Concurrent Offerings of Common Stock and Convertible Senior Notes, Strengthening its Balance Sheet and Creating Enhanced Financial Flexibility
Simplified capital structure bolsters ability to rapidly meet customer demand, reduce interest expense, and increase liquidity Continues to scale operations with order for its second state-of-the-art battery module manufacturing line EDISON, N.J., June 16, 2025 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ('Eos' or the 'Company'), America's leading innovator in the design, sourcing, and manufacturing of zinc-based long duration energy storage (LDES) systems, manufactured in the United States, announced the closing of the full exercise of the initial purchasers' option to purchase additional notes in connection with its convertible senior notes due 2030 offering. Following the exercise of the option, $250 million aggregate principal amount of convertible senior notes due 2030 were outstanding. This announcement follows the Company's successful closing of its concurrent offerings of common stock (including a full exercise of the underwriters' option to purchase additional shares) and convertible senior notes due 2030. These transformative transactions mark a critical inflection point that unlocks the financial flexibility required to scale operations to meet long duration energy storage global demand. The offerings were significantly oversubscribed, demonstrating strong investor confidence in Eos' market potential and progress against its strategic plan. 'We proactively capitalized on favorable market conditions to strengthen our financial position and play offense on long term growth,' said Nathan Kroeker, Eos Chief Commercial Officer and Interim Chief Financial Officer. 'Amid this opportunity, we strategically repurchased the maturing 2026 convertible note, lowered our cost of capital on the Cerberus term loan, and enhanced liquidity, putting us in an ideal position to capture the growing demand for long duration energy storage.' The capital infusion strengthens Eos' ability to execute its growth strategy and increases strategic flexibility by reducing the weighting at the top of its capital stack. It also allowed the Company to restructure key portions of its debt, materially lowering its cost of capital while strengthening its balance sheet, with the overall transaction resulting in approximately $400 million in savings over the terms of the Company's debt. 'This was more than a capital raise – it strategically positions the Company to achieve our long-term objectives,' said Joe Mastrangelo, Chief Executive Officer of Eos. 'Improving our capital structure provides the tools required to operationally position the Company for growth. A stronger balance sheet combined with an improved capital cost structure, allows Eos to deliver for its customers, and build long-term shareholder value.' Use of Proceeds and Strategic Debt Restructuring Proceeds from the transactions were used to: Fully repurchase the Company's $125.9 million 5%/6% Convertible Senior PIK Toggle Note due 2026 for $131 million, saving Eos $8.3 million in incremental interest that would have been owed upon maturity. Pursuant to the terms of the repurchase agreement, the Company subsequently received a $5 million reimbursement of the purchase price from the holder. Prepay $50 million of outstanding borrowings due under the Company's Delayed Draw Term Loan (DDTL) between Eos and an affiliate of Cerberus Capital Management LP ('Cerberus'), and Add approximately $139 million in cash to the balance sheet net of purchaser discounts, prior to the deduction of expenses. The $50 million prepayment on the DDTL resulted in key benefits: Reduced the interest rate on the remaining DDTL from 15% to 7%, significantly lowering the Company's cost of capital. Deferred the EBITDA and revenue financial covenants on the DDTL and DOE to begin March 31, 2027, allowing the Company to focus on scaled growth. Extended the lock-up period on Cerberus held securities by one year to June 21, 2026, further aligning long-term shareholder interests. Waived call protection provisions, saving the Company $28.7 million in prepayment expense. Eos is currently working to obtain approval from the U.S. Department of Energy's Loan Programs Office (DOE) for the next funding advance under tranche 1 of its DOE guaranteed loan. Operational Momentum and Manufacturing Expansion Eos recently submitted the purchase order for its second state-of-the-art manufacturing line that is expected to be operational in the first half of 2026. This marks a pivotal milestone in the Company's plan to scale domestic production in response to strong U.S. and international demand. In parallel, Eos is in the process of installing and commissioning its first bi-polar sub-assembly, an automation enhancement expected to drive significant improvements in throughput and production efficiency. Year-to-date, Eos has shipped more energy storage cubes than in all of 2024, with Q2 shipments surpassing Q1, reflecting strong manufacturing execution. This momentum is expected to continue throughout the remainder of the year, supported by meaningful output gains as the Company brings all its terminal and bi-polar sub-assembly automation fully online during the third quarter. System Performance and Field Integration As production capacity increases, Eos continues to invest in the innovation engine driving its technology roadmap. At its R&D facility in Edison, New Jersey, Francis Richey, Chief Technology Officer, and Pranesh Rao, Senior Vice President Storage Systems Engineering, and team are pioneering advancements that are reshaping long duration energy storage. Introduced during the Company's December 2023 strategic outlook call, Eos has made substantial progress on two foundational components of its Z3 energy storage system: its proprietary American-made Battery Management System (BMS) and its modular inline cube architecture. The custom electronics and advanced software in the BMS have improved availability and shown round trip efficiency above 80% with some longer duration applications surpassing 90%. Developed and maintained in the United States, the BMS ensures critical data privacy and cybersecurity protections, key to enhancing the resilience and security of the U.S. power grid. The Company's inline cube, engineered to simplify field deployment and reduce system level costs, has also demonstrated measurable field efficiencies. In a recent Z3 project, Eos proved the ability to cold commission 75 cubes in just 7 days, resulting in approximately 96% lower installation costs versus prior system designs. Faster installation times and lower costs allow the Eos system to rapidly-scale and meet customer demand for accelerating grid integration. Building on these operational and technological advancements, Eos has partnered with PA Consulting Group – energy market and policy advisor and industry leader in forecasting and analytics – to quantify the near and long-term value of its technology. Despite higher upfront costs, compared to incumbent technologies, PA's independent modeling for ERCOT-based customers showed 30-50% higher revenues over the life of a project for 4+ hour systems. This is a testament to the differentiated performance of the domestically manufactured Z3 technology, and the benefits Eos can provide to customers across North America. As power systems adapt to the growing demands of electrification and increased renewable penetration, energy storage has become essential to ensuring grid reliability, flexibility, and resilience. Eos is well-positioned to meet this need with secure, scalable, American-made solutions offering customers not just technology, but long-term value and performance that support the evolving energy landscape. Upon the closing of the offerings (including the option to purchase additional notes), the Company is no longer subject to quiet period restrictions until the regularly scheduled period at the end of the second quarter until earnings. About EosEos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. Safe, scalable, efficient, sustainable—and manufactured in the U.S—it is the core of our innovative systems that today provide utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3-to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit Contacts Investors: ir@ media@ Forward Looking Statements Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our expected revenue, for the fiscal years December 31, 2025, our path to profitability and strategic outlook, statements regarding orders backlog and opportunity pipeline, statements regarding our expectation that we can continue to increase product volume on our state-of-the-art manufacturing line, statements regarding our future expansion and its impact on our ability to scale up operations, statements regarding our expectation that we can continue to strengthen our overall supply chain, statements regarding our expectation that our new comprehensive insurance program will provide increased operational and economic certainty, statements that refer to the delayed draw term loan with Cerberus, milestones thereunder and the anticipated use of proceeds, statements that refer to outlook, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management's beliefs, as well as assumptions made by, and the information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to achieve the operational milestones on the delayed draw term loan; our ability to raise financing in the future; risks associated with the DDTL with Cerberus, including risks of default, dilution of outstanding Common Stock, consequences for failure to meet milestones and contractual lockup of shares; our customers' ability to secure project financing; the amount of final tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act; the timing and availability of future funding under the Department of Energy Loan Facility; our ability to continue to develop efficient manufacturing processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; competition from existing or new competitors; our ability to convert firm order backlog and pipeline to revenue; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims; risks associated with evolving energy policies in the United States and other countries and the potential costs of regulatory compliance; risks associated with changes to the U.S. trade environment; our ability to maintain the listing of our shares of common stock on NASDAQ; our ability to grow our business and manage growth profitably, maintain relationships with customers and suppliers and retain our management and key employees; risks related to the adverse changes in general economic conditions, including inflationary pressures and increased interest rates; risk from supply chain disruptions and other impacts of geopolitical conflict; changes in applicable laws or regulations; the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; other factors beyond our control; risks related to adverse changes in general economic conditions; and other risks and uncertainties. The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in the Company's most recent filings with the Securities and Exchange Commission, including the Company's most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the Securities and Exchange Commission from time to time. Moreover, the Company operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or in to access your portfolio
Yahoo
11-06-2025
- Entertainment
- Yahoo
EXCLUSIVE: Eos Transforms Blue Moon's Signature Orange Garnish Into a Lip Balm
Eos is expanding its flavor palette to include a zesty new lip balm. The fast-growing body care brand has partnered with Blue Moon to introduce the latest addition to its multicolored spherical balm collection, inspired by the beer company's iconic Valencia orange garnish. This is Eos' first food and beverage collaboration and Blue Moon's inaugural beauty partnership. More from WWD Julia Fox Switches Between Multiple Avant-garde Hairstyles for 'The Trainer' Promo During Tribeca Festival 2025 Sydney Sweeney Flows in Ethereal Miu Miu Blue Dress at 'Echo Valley' London Premiere Urban Outfitters Debuts First Pride Vinyl Collection Made in Collaboration With Influential LGBTQIA+ Artists, Allies and Labels ' We really focused on this idea that what makes a Blue Moon special is that refreshing hit of Valencia orange,' Soyoung Kang, chief marketing officer of Eos, said in a statement. ' We've never created a custom bespoke flavor in partnership with another flavor-driven company in the food and beverage world and specifically developed it in such a customized way to enhance the flavor of their product as well.' Fusing together sustainable ingredients such as coconut oil and beeswax, the formula promises long-lasting hydration and a smooth, non-pigmented finish. There's no age requirement to drink in the limited-edition lip balm; however, the product is intended for a new generation of 21 and older consumers who may have enjoyed a glass of alcoholic beverage before. The citrus accent cut and squeezed on the side of almost every pour of Blue Moon has been a ritual among the beer company since its 1995 debut. ' It's sort of a huge part of what makes us so special and unique as a brand. It's one of our core identifiers, like almost if you see a shape of an unbranded glass with an orange garnish on it, you know that it is a blue moon,' said Courtney Benedict, vice president of marketing for Molson Coors Beverage Company, the owner of Blue Moon. ' From a Blue Moon perspective, it sort of opens up the aperture on people experiencing something similar to the garnish regardless of where they are, which is pretty cool,' Benedict told WWD. The two companies plan to bring this product to life through a series of in-person activations throughout the summer, with some events held in locations where customers typically enjoy a drink of Blue Moon. 'Our products are meant to bring joy and delight into these small moments. We wanna make that specific moment feel more enjoyable,' Kang said. The future of food partnerships at Eos depends on the success of this collaboration, but Kang noted the brand's interest in similar opportunities. The cult-favorite, spherical lip care was once a bestseller for the brand. As of today, Eos' body products — shaving creams, cleansers, lotions, oils and oil butters — make up more than 50 percent of its total business, which in part is thanks to the surge of ShowerTok, or shower routine videos, during the COVID-19 pandemic and an industry-wide expansion into body care. Eos' $4.99 Valencia Orange Lip Balm will be available for purchase on until supplies last. The release comes just months after Eos capitalized on the TikTok virality of its vanilla 24H moisturizers, releasing new Shea Better Cashmere Body Washes in four different scents. Best of WWD ColourPop x Lilo & Stitch Collaborate on Mischievous Island Adventures Collection in New Campaign [PHOTOS] Lunar New Year Collections to Know: Details on Fashion, Jewelry and More Brands Embracing the Year of the Snake Valentine's Day Collections to Know: Details on Fashion, Makeup, Jewelry and More Brands Giving Products a Touch of Love, Live Updates
CNN
11-06-2025
- Business
- CNN
Blue Moon, the orange-flavored beer, is being turned into a lip balm
The vibrant burst of orange flavor emanating from a Blue Moon is so lip-smacking good that it's being turned into a lip balm. The Molson Coors-owned brand is partnering with Eos, a popular beauty company, to make a lip balm inspired by the punchy, Valencia orange flavor that's brewed into a Blue Moon beer. The limited-edition product is 'intended' for legal-aged drinkers and goes on sale Wednesday at Eos' and Blue Moon's website for $4.99. The citrus-inspired balm is packaged in Eos' orange-colored sphere and 'delivers the same refreshing, juicy taste' of the beer, according to a press release. The orange-shaped product is debuting during the summer, when beer — and Blue Moon — sales typically peak as people stock up on brews for their summertime activities. 'The Valencia orange is more than a garnish. It's a core part of our identity and what makes a Blue Moon a Blue Moon,' Courtney Benedict, vice president of marketing for Molson Coors' Above Premium Beer, said in the release. The lip balm is a small part of Molson Coors' larger plan to revive the brand, which has declined amid a broader slowdown in craft beer sales. Blue Moon has lost market share of the total dollars spent at US restaurants and bars over the past year by about half a percentage point, according to data compiled by Fintech and the National Beer Wholesalers Association. However, it's still the country's top-selling craft beer brand. The decline has prompted Molson Coors to re-examine the 30-year-old brand, rolling out refreshed packaging that re-emphasizes the Valencia orange along with a new marketing campaign. The company also has added a light version and a non-alcoholic beer to Blue Moon's portfolio in an effort to attract new and lapsed drinkers. Molson Coors (TAP) recently reported dismal earnings, including a 42% drop in first-quarter net income. It also cut full-year guidance over tariffs concerns and economic uncertainty that it says is causing people to cut back on beer. Shares are down nearly 9% for the year.
Buzz Feed
31-05-2025
- Entertainment
- Buzz Feed
35 Soothing Products If Your Stress Levels Are High
A spa-quality peel-off jelly mask set that's basically "charcuterie board, but make it skincare" — all 10 varieties of these masks are not only uniquely fun, but designed to target a different skincare concern. This set of 10 comes with masks of Egyptian rose, matcha, 24K gold, and tea tree oil designed to tackle everything from hydration to fine lines to acne to pores. A mini Bob Ross paint-by-numbers kit for anyone on their "happy accidents" beat — this itty bitty set comes with everything you need to create three tiny masterpieces of your very own. A set of delightfully ~~tingly~~ self-heating soothing foot masks made with Epsom salts, lavender, and peppermint perfect for anyone whose recent step count is "too many." Nothing like a lil' self-care on those aching feet to lift your spirits! And a set of leg- and foot-compression air massagers reviewers *swear* by for relief from pain, swelling, and edema symptoms. Your calves, toes, ankles, and heels are all going to be so happy that the rest of your human body will be jealous of them. Pocket World, a stress relief coloring book for adults full of whimsical miniature Polly Pocket-esque worlds to color, with no two alike. I'm talking fairy gardens, tiny hygge-style living rooms, quirky restaurants, and more. And a delightfully irreverent Maybe Swearing Will Help coloring book that's equal parts cheeky, cathartic, and genuinely fun to color. It even comes with a set of markers so you can get down to business immediately. Reviewers especially love this since it leans more optimistic and clever than other swearing coloring books, without losing its edge. A weighted eye mask that's basically like a weighted blanket for your human eyes, designed to decrease stress and encourage ~deep sleep~. They also feature a 3D contour, so they're hollowed out in the middle and won't rest right on top of your eyes. And a set of self-heating lavender eye masks, which might be juuuuust the ticket to releasing the stress and tension that keeps your brain going in circles at night. Reviewers also swear by these for headache and migraine relief! Eos Cashmere Vanilla Cashmere Whipped Oil Body Butter — yes, that's right, the astronomically TikTok-famous Eos "cashmere" body lotion now comes in a luxurious body butter form, and it's every bit as decadent as it sounds. Now you can spend all your self-care nights fully moisturized in a cloud of whipped vanilla, musk, and soft caramel. A set of reviewer-beloved "Loops Quiet 2," aka the "earplugs for people who hate earplugs." These lightweight plugs are meticulously designed to muffle distracting, irritating, or overwhelming noise without completely blocking out the world around you, so you'll still be able to hear your alarm clock or any concerning noises. (Parents especially love these for muffling noise without blocking out their kids!) A copy of Burn After Writing, a guided journal that tens of thousands of reviewers swear by — through a series of questions and thought experiments, it encourages people to take time away from their screens to explore their feelings, both new and old, so they can embrace meaningful ones and try to let others go. And an "Everyday Mindfulness"-themed word search book full of unique, relaxing puzzles designed to keep you engaged without stressing you out. A NeeDoh "Dream Drop," the latest drop from the *elite* Needoh sensory fidget toy line for anyone who wants to add more calm and focus to their day. This goo-filled, delightfully colorful fidget has a satisfying squish with a "slow rise" before going back to its original shape. Reviewers also love that it doesn't have the kind of stickiness that picks up debris and makes it hard to clean. And a wildly popular mini magnet "putty" fidget reviewers absolutely swearrrrr by for anxiety, stress, and boredom. These smooth, soft, itty bitty pieces are designed with a weak magnetism to ~glide~ around each other and let you build them into shapes, and are so versatile that you'll never run out of ways to tinker with them. A 5-pound bucket of Crayola Air Dry Clay to let you finally follow your inner pottery dreams without all the mess and effort of taking classes. After you pull the clay out to shape it, it'll harden on its own — no oven or any effort required! From there you can leave it as is or paint over it for a fun vibe. A guided visual "breathing partner" you can use for meditation and calm to help wind your body down before bed. This is designed to guide you through either the popular 4/7/8 or 5/5 "calming breaths" to help reduce stress and anxiety, using colors that fade in and out softly as cues. Bonus: it's kid friendly! An easy-to-install padded hammock chair to lovingly swaddle you on the porch for all your springtime sunshine naps, so you can finally be as cozy and content as all the neighborhood cats. Murdle, Volume 1, a true essential for anyone who relaxes to true crime podcasts or Only Murders in the Building. The book is full of 100 mystery-themed logic puzzles with four different levels of difficulty that they can do solo or with pals, and in order or out of order (although if they do it in order, they get the full scoop on Deductive Logico and Inspector Irratino, whose hilarious misadventures guide you through the book). Teeccino for anyone who loves coffee but not as much as they love sleep — this caffeine-free, acid-free strong herbal blend steeps like regular tea, but somehow mimics the taste of coffee so brilliantly that you'll get all the flavor and satisfaction without the insomnia of a late-night cuppa. Orrr for another vibe, a set of espresso martini instant cocktail tea bags — all the sophistication of tea, the zing! of coffee, and the 😜 of a cheeky cocktail, without the exorbitant bar price tags. All you have to do is add three ounces of cold water, 1.5 ounces of hard liquor, and the tea sachet into a glass, and you'll have a delicious cocktail in one minute. A set of affordable lavender shower steamers so you can have a dose of ~calm~ to cap off a long day of capitalism and help your poor overworked brain getting into de-stressing mode. And a bottle of sensitive skin-friendly Honest Company lavender bubble bath reviewers are obsessed with because the bubbles are GINORMOUS and super long-lasting. Rumor has it Glinda came down in a bubble made from this very bubble bath blend. A vintage-style teddy mug so un-bear-ably cute that after you sip your coffee in it, you'll spend the whole day vibing like Paddington with a big smile on your face. A Woobles crochet starter kit with clear, easy instructional videos to make new tiny friends, because you can never have too many "coworkers" on your desk cheering you on. A cheery little "Buttercup" butter maker so you can make delicious butter in less than five (!!) minutes and enter a cottagecore era unlike any you've ever known. Time to impress your friends by gifting them with small batch butters in garlic, honey, truffle, and all kiiiinds of flavors you haven't even fathomed yet. A gorgeously designed Hatch Restore 3 for all the insomniacs and bad sleepers out there. This sunrise alarm and sound machine works overtime as a touch-controlled smart light, bedtime reading light, and even a wind-down light that helps you get into a healthier sleep routine at night and a much more calm, gradually soothing wake-up in the morning. Other bedside lamps could truly never. And Dr Teal's Sleep Spray with melatonin to help wind you down for the night when your unsuspecting circadian rhythms are disrupted by life, by the seasons changing, or any other miscellaneous sleep chaos. All you have to do is spray this on your pillow before bed for a relaxing sleep vibe. A tear-off daily self-care calendar for a gentle way to start your day and still keep it productive and fulfilling so you'll be less tempted by the vortex of TikTok — this has space not just for a to-do list, but affirmations, things you're thankful for, reflections, meals, and plans for self-care. A mini weighted blanket perfect for people who want a quick dose of calm and relaxation, but don't want to overheat or commit to the expensive, heavy shebang of a full-size weighted blanket. This one's the perfect size to easily drape over yourself on the couch without breaking the bank. A beginner's guide to calligraphy that is far more thorough and specific about technique and ink types than other versions, and will have you writing inspirational messages to your friends and drafting fancy invitations to your dog's birthday party in NO time. An affordable brown noise sound machine as a gentler option to white noise — it's a steady, deeper sound that's a little less harsh, and a lot of people swear by it for calmer sleep. That said, this versatile gizmo not only has three brown noise options, but white noise, pink noise (a sort of "in between" brown and white), fan noises, lullabies, and 15 nature sounds to choose from. Oh — and it's an optional multi-color night-light! A set of miniature moon and star crystals to introduce some calm and mindfulness into your life — this lovely, beginner-friendly set includes explanation cards for what qualities each stone possesses, and how you can apply them to your life. A set of "Sleep & Recharge" melatonin Neuromints with lemon balm and chamomile to help get you in the ~zone~ for sleep on days when your brain is particularly wired after a hard day's work. A northern lights projector for anyone whose heart is in the magic of the cosmos, but whose butt would much rather be snuggled on a couch than freezing by a glacier. Bonus: This also plays soothing noises and doubles as a Bluetooth speaker! The Little Book of Hygge, a best-selling book for anyone whose life could use more coziness, togetherness, and calm. The home-like feeling of the Danish term "hygge" is right there at the core of it, and you can learn all about little ways to infuse it in your own life with this book written by the CEO of the Happiness Research Institute in Copenhagen.
