Boston Beer Q1 Earnings: New CEO on Seeking Sustainable Volume Growth, Sharpening Innovation Focus
New Boston Beer CEO Michael Spillane said the company’s “highest priority” moving forward “is to return to delivering sustainable volume growth.”
New Boston Beer CEO Michael Spillane said the company’s “highest priority” moving forward “is to return to delivering sustainable volume growth.”
Boston Beer Company’s Q1 volume woes eased in 2024, after Q1 shipments and depletions declines in both 2022 and 2023.
Consumer sentiment toward Anheuser-Busch InBev’s (A-B) Bud Light continues to decline more than a year after the initial boycott of the brand, according to a HundredX survey, shared by Goldman Sachs in its latest Beverage Bytes report.
In a time when it seems like just about anything can be an alcoholic beverage (Distilled Doritos Nacho Cheese, anyone?), some craft breweries have embraced the trend, expanding their portfolios with canned cocktails, flavored malt beverages (FMBs) and even bottled spirits.
Constellation Brands is expected to be the biggest winner in shelf resets this spring, according to the most recent Beverage Bytes beer distributor survey by Goldman Sachs.
Boston Beer Company issued its 2023 annual report last Thursday, a 98-page document packed with numbers, operational details and risk factors that gives a window into the company’s business last year and moving forward.
Boston Beer Company CEO Dave Burwick will step down and retire from the company’s board of directors, effective April 1. Michael Spillane, a Nike executive and lead director on Boston Beer’s board of directors, will supplant him.
Hard MTN Dew is transitioning to Boston Beer Company’s beer distributor network and will expand to all 50 states, outgoing Boston Beer CEO Dave Burwick said today during the company’s full-year and Q4 earnings report.
Boston Beer Company’s shipments and depletions declined -6.2% and -6%, respectively, in 2023, the company reported today in its full-year and fourth-quarter earnings report.
All of Boston Beer Company’s named executive officers (NEO) except for CEO Dave Burwick will receive salary raises in 2024, according to a U.S. Securities and Exchange Commision (SEC) Form 8-K filed on February 16.
A lawsuit filed by Boston Beer against a former employee alleging that he violated a non-compete agreement by working for a competitor has been dismissed. The complaint was “dismissed with prejudice as to as to all claims against Brian Soudant, without costs and fees and without right of appeal,” according to a document filed February 9 in the Massachusetts Superior Court for Suffolk County.
The convenience channel remains a bright spot for beer as the category tackles declines elsewhere, and growth in the channel is expected to continue through 2024, Goldman Sachs analysts reported in the company’s latest Bev Bytes retailer survey.
Boston Beer Company continues to slowly expand distribution of Slingers Signature Cocktails, its high-ABV, malt-based, ready-to-drink canned cocktails (RTDs).
Boston Beer Company is adding another non-alcoholic (NA) brand to its portfolio, expanding a ready-to-drink (RTD) offering and discontinuing another.
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Beer Name | Style | |
---|---|---|
Black & Gold | Lager | |
Cold Snap 2019 | Ale | |
Utopia | ||
Brewing the American Dream - Desert Kaleidoscope IPA | IPA | |
Brewing the American Dream - Time Hop Porter | Porter | |
Brewing the American Dream - Three Ninety Bock | Bock | |
Brewing the American Dream - Tea Party Saison | Saison | |
Brewing the American Dream - Oats McGoats Stout | Stout | |
Bugs & Berries | Fruit Beer | |
Heaven or Helles | ||
Got to Gose | German-Style Leichtes Weizen/Weissbier |
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Date | Title | Type | Location |
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10/28/2022 |
10/28/2022 -- Boston, MA
Haunted Brewery Halloween Party |
Other | Boston, MA |
2/13/2022 |
2/13/2022 -- Boston, MA
Beer & Chocolate Tasting |
Other | Boston, MA |
2/1/2022 |
2/1/2022 -- Boston, MA
Breakfast For Dinner |
Dinner | Boston, MA |
12/19/2021 |
12/19/2021 -- Boston, MA
Holiday Cookie Pairing |
Other | Boston, MA |
12/5/2021 |
12/5/2021 -- Boston, MA
Winter Market |
Other | Boston, MA |
11/29/2021 |
11/29/2021 -- Boston , MA
Christmas Tree Pop Up |
Other | Boston , MA |
11/27/2021 |
11/27/2021 -- Boston , MA
Beer Brunch |
Other | Boston , MA |
10/31/2021 |
10/31/2021 -- Boston, MA
Trick-or-Treat tasting! |
Other | Boston, MA |
10/17/2021 |
10/17/2021 -- Boston , MA
Pumpkin carving at the Brewery! |
Other | Boston , MA |
9/24/2021 |
9/24/2021 -- Boston, MA
Octoberfest |
Festival | Boston, MA |
3/13/2020 |
3/13/2020 -- Boston, MA
Samuel Adams Saint Patrick's Day |
Festival | Boston, MA |
12/1/2019 |
12/1/2019 -- Jamaica Plain, MA
Samuel Adams Winter Craft Market |
Other | Jamaica Plain, MA |
9/28/2019 |
9/28/2019 -- Jamaica Plain, MA
Red Sox Tour & Trolley - Samuel Adams |
Other | Jamaica Plain, MA |
9/21/2019 |
9/21/2019 -- Jamaica Plain, MA
Sour Tasting |
Beer Release | Jamaica Plain, MA |
6/5/2019 |
6/5/2019 -- Boston, MA
Samuel Adams Pride Week Love Conquers Ale Beer Garden Takeover |
Tap Takeover | Boston, MA |
5/27/2019 |
5/27/2019 -- Boston, MA
Sam Adams Red Sox Pre-Game Tour & Trolley |
Other | Boston, MA |
5/23/2019 |
5/23/2019 -- Boston, MA
Sam & a Snack: Double Bock Limited Release |
Beer Release | Boston, MA |
5/11/2019 |
5/11/2019 -- Boston, MA
Mango Guava IPA & Boysenberry KMF Gose Tasting |
Beer Release | Boston, MA |