Along with committing PR snafus, the company has failed to keep its marketing up to date, say branding experts.
Shares of National Beverage Corp, the parent company of LaCroix, fell after a new lawsuit alleged a plan to falsely state LaCroix cans were BPA free.
LaCroix sales declined 9.4% over the last 12 weeks and the brand is quickly losing market share, according to Guggenheim Securities.