{"id":1696657,"date":"2022-10-16T07:55:39","date_gmt":"2022-10-16T11:55:39","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1696657"},"modified":"2022-10-16T16:20:23","modified_gmt":"2022-10-16T20:20:23","slug":"arizona-ice-tea-co-founder-doubles-down-on-committing-to-99-cent-price","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/arizona-ice-tea-co-founder-doubles-down-on-committing-to-99-cent-price\/","title":{"rendered":"Arizona Ice Tea Co-Founder Doubles Down on Committing to 99-Cent Price"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Farizona-ice-tea-co-founder-doubles-down-on-committing-to-99-cent-price%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1696657&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<p>FOX Business correspondent Madison Alworth has the latest on response to record-high inflation on &#8216;Varney &#038; Co.&#8217;<\/p>\n<p>The chairman and co-founder of <a href=\"https:\/\/www.foxbusiness.com\/category\/food-drinks\" target=\"_blank\" rel=\"noopener\">AriZona Beverages<\/a> has doubled down on maintaining the 99-cent price point for its canned iced tea amid high inflation, FOX Business correspondent Madison Alworth reported Friday.<\/p>\n<p>Don Vultaggio wants to keep the 99-cent, 23-ounce iced tea the same price because it&#8217;s &#8220;something that customers rely on,&#8221; Alworth reported. She noted one change the company has made over the years to save on costs is altering the top on its cans.<\/p>\n<p>Bottles of drinks for sale in Publix Grocery Store.\u00a0 (Jeffrey Greenberg\/Universal Images Group via Getty Images \/ Getty Images)<\/p>\n<p>&#8220;What they&#8217;re doing seems to be working,&#8221; Alworth said. &#8220;This company barely does any <a href=\"https:\/\/www.foxbusiness.com\/category\/media-and-advertising\" target=\"_blank\" rel=\"noopener\">advertising.<\/a> It&#8217;s all just word of mouth, and they&#8217;re still here.&#8221;<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/economy\/september-inflation-breakdown-where-prices-rising-fastest\" target=\"_blank\" rel=\"noopener\"><strong>SEPTEMBER INFLATION BREAKDOWN: WHERE ARE PRICES RISING THE FASTEST?<\/strong><\/a><\/p>\n<p>In September, <a href=\"https:\/\/www.foxbusiness.com\/category\/inflation\" target=\"_blank\" rel=\"noopener\">inflation<\/a> \u2013 measured by the consumer price index \u2013 rose 0.4% from August and 8.2% from the prior year, FOX Business previously reported. Food costs went up 0.8% month-to-month and 11.2% from last year.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/business-leaders\/arizona-iced-tea-keeps-price-of-99-cent-cans-despite-surging-inflation\" target=\"_blank\" rel=\"noopener\"><strong>ARIZONA ICED TEA KEEPS 99-CENT CAN PRICE DESPITE SURGING INFLATION; CO-FOUNDER SAYS CONSUMERS DESERVE A BREAK<\/strong><\/a><\/p>\n<p>Vultaggio previously said on &#8220;<a href=\"https:\/\/www.foxbusiness.com\/shows\/cavuto-coast-to-coast\" target=\"_blank\" rel=\"noopener\">Cavuto: Coast to Coast<\/a>&#8221; in April that he had &#8220;no intention&#8221; of raising prices at the time.<\/p>\n<p>&#8220;We think the consumers deserve a deal and a break, and we&#8217;re trying to give them that break,&#8221; he said.\u00a0<\/p>\n<p>Don Vultaggio, chairman and co-founder of AriZona Beverages, argues people don&#8217;t need another price increase right now.<\/p>\n<p>He told host Neil Cavuto efficiency during <a href=\"https:\/\/www.foxbusiness.com\/category\/fox-news-manufacturing\" target=\"_blank\" rel=\"noopener\">manufacturing<\/a> has also helped keep prices flat.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/apps-products\" target=\"_blank\" rel=\"noopener\"><strong>GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/strong><\/a><\/p>\n<p>&#8220;When we started out in 1992, we were running the cans on fillers that run 150 a minute,&#8221; he said. &#8220;Today, we run 1,500 a minute. That&#8217;s a big move from an efficiency point of view.&#8221;<\/p>\n<p>Talia Kaplan contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FOX Business correspondent Madison Alworth has the latest on response to record-high inflation on &#8216;Varney &#038; Co.&#8217; The chairman and co-founder of AriZona Beverages has doubled down on maintaining the 99-cent price point for its canned iced tea amid high inflation, FOX Business correspondent Madison Alworth reported Friday. Don Vultaggio wants to keep the 99-cent, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1696659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1696657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1696657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1696657"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1696657\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1696659"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1696657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1696657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1696657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}