Beer Industry News, Events & Jobs

Brewbound Podcast: The American Cider Association’s Michelle McGrath Discusses the Industry’s Goals and Challenges in 2020

Brewbound Podcast: The American Cider Association’s Michelle McGrath Discusses the Industry’s Goals and Challenges in 2020

Cider is always taking people by surprise, according to American Cider Association (ACA) executive director Michelle McGrath. “CiderCon always beats the expectations of people who have never been here before,” she said. In Episode 3 of the Brewbound Podcast’s third season, McGrath shared the organization’s goals and challenges as cider fights for share in an increasingly crowded alcoholic beverage marketplace.

Boston Beer Company Sales Reach $1.25 Billion in 2019

Boston Beer Company Sales Reach $1.25 Billion in 2019

The Boston Beer Company’s sales in 2019 reached $1.25 billion, a 25.5% increase compared to 2018, according to the company’s earnings report released Wednesday afternoon.

4 Shareholder Lawsuits Against Craft Brew Alliance Dropped

4 Shareholder Lawsuits Against Craft Brew Alliance Dropped

Four lawsuits claiming that Craft Brew Alliance (CBA) omitted “material information” from a proxy statement related to the craft beer maker’s planned merger with Anheuser-Busch InBev have been dropped after the Portland, Oregon-headquartered company filed a supplemental report, according to a U.S. Securities and Exchange Commission filing on Tuesday.

Massachusetts Franchise Law Reform Among New Guild President’s Priorities in 2020

Massachusetts Franchise Law Reform Among New Guild President’s Priorities in 2020

Newly named Massachusetts Brewers Guild’s president Sam Hendler wants to finally resolve the contentious franchise reform debate with the state’s wholesalers. Hendler, a co-founder and co-owner of Framingham, Massachusetts-based craft breweries Jack’s Abby Craft Lagers and the Springdale Beer Company, acknowledged that the franchise law reform effort has been dragging on long before he was of legal drinking age. “I was a high school senior when it started,” he told Brewbound.

Deschutes VP of Marketing Neal Stewart Takes on VP of Sales Role

Deschutes VP of Marketing Neal Stewart Takes on VP of Sales Role

Deschutes Brewery has named vice president of marketing Neal Stewart as its next vice president of sales. Stewart’s promotion to VP of sales and marketing was announced Friday during a quarterly “co-owners meeting” of the employee-owned company’s workforce.

Craft Brewery Finance: How to Use Brewery Metrics to Improve Financial Results

Craft Brewery Finance: How to Use Brewery Metrics to Improve Financial Results

Brewery metrics and key performance indicators are used to benchmark and compare financial performance so that you can increase profitability and cash flow. In this article, we’ll review commonly used brewery ratios and industry averages. We’ll explore how to calculate these metrics and build scorecards to present the information.

Firestone Walker Aims to Build Off Strong 2019, with 805, Mind Haze and Flyjack IPA

Firestone Walker Aims to Build Off Strong 2019, with 805, Mind Haze and Flyjack IPA

Firestone Walker’s 2019 was unpredictable — one of those rare years when a lot of things go right. The Paso Robles, California-based craft brewery projected 485,000 barrels — with a stretch goal of 500,000 — in 2019, strong growth projections after producing 454,261 barrels the previous year. Those projections were tossed with the company finishing… Read more »

Last Call: Financial Analysts Project Additional Hard Seltzer Growth; FIFCO USA Pulls Plug on Pura Still

Last Call: Financial Analysts Project Additional Hard Seltzer Growth; FIFCO USA Pulls Plug on Pura Still

The hard seltzer category could reach about 10% of the beer market in the next few years, according to research reports from two leading financial services firms. Meanwhile, FIFCO USA has stopped production of Pura Still, the 95-calorie, 4.5% ABV spiked still water brand after less than two years, according to a memo sent to wholesalers this week. Finally, Iron Heart Canning, the country’s largest mobile canning service provider, announced today an agreement to acquire Michigan Mobile Canning.

Venture Capitalist Chris Hollod on Why He is Investing in the ‘Alternative Alcohol’ Space

Venture Capitalist Chris Hollod on Why He is Investing in the ‘Alternative Alcohol’ Space

Chris Hollod wants to be known as one of the most active angel investors in the alcohol space. After about a decade of making investments with billionaire Ron Burkle and actor Ashton Kutcher, Hollod, a Los Angeles-based venture capitalist, struck out on his own in 2019 and has shifted his focus from investing in tech companies such as Airbnb, Uber, Spotify and Warby Parker, to investing in consumer packaged good companies, specifically “alternative alcohol” companies.”

Craft Beer Pioneer Carol Stoudt Discusses Upcoming Retirement, Brewery Closure

Craft Beer Pioneer Carol Stoudt Discusses Upcoming Retirement, Brewery Closure

After more than three decades in the beer industry, Carol Stoudt plans to retire in the spring and cease brewing operations at her namesake brewery in Adamstown, Pennsylvania. “I got together with a few people from my team and just pointed to the calendar and said, ‘This is it,’” she explained. “It’s a very, very difficult decision.”

Molson Coors Sales Hit Nearly $10.6 Billion in 2019

Molson Coors Sales Hit Nearly $10.6 Billion in 2019

Molson Coors Beverage Company reported nearly $10.6 billion in net sales for 2019, a decline of 1.8% compared to 2018. In a press release, Molson Coors Beverage Company president and CEO Gavin Hattersley called 2019 “a challenging year” for the company.