Craft beer industry news.
Boston Beer Company reported strong earnings during its third-quarter earnings call Tuesday evening. The company reported depletions (sales-to-retailers) growth of 30%, 24% of which came from Boston Beer’s core brands and 6% of which came from Dogfish Head offerings.
Molson Coors today announced a sweeping restructuring and revitalization plan aimed at reinvesting $150 million annually in its core products, above-premium offerings, new innovations in the beyond beer space and digital capabilities. In order to achieve the savings, Molson Coors is consolidating its business units and office footprint and slashing its workforce.
Odell Brewing is proud to announce the latest addition to their year-round line up. Good Behavior is a 110 calorie, 4% ABV, Crushable IPA with a balanced body and crisp finish.
Craft beer enthusiasts in Southern California can be excited. Gunwhale Ales officially announces its signing with Scout Distribution for expansion into the San Diego market.
Fresh off the positive reception of its inaugural release of canned beers in September, Von Ebert Brewing is following it up with the release of Haze Hop and Agostini Pils in 16 oz. four-pack cans.
Visitors to Bent Shovel Brewing in Oregon City this weekend will find the tasting room’s doors closed, but its owners want to assure its fans the brewery is doing just fine.
Boston Beer Company reported third quarter depletions (sales-to-retailers) and shipments (sales-to-wholesalers) of 30% and 19.1%, respectively, according to financial results issued after the end of trading today. Boston Beer’s third quarter earnings marked the first with combined results following the merger with Dogfish Head Craft Brewery. The combined company — whose brands include Truly Hard Seltzer, Samuel Adams beer, Angry Orchard hard cider and Twisted Tea — reported net revenue growth of 23.3%, to $378.5 million, during Q3.
Founders Brewing Company temporarily shuttered its Detroit taproom on Friday amid growing backlash following the leak of a deposition in an ongoing racial discrimination lawsuit against the company. Meanwhile, diversity and inclusion director Graci Harkema, who the company hired in January 2019, announced her resignation.
Alaskan Brewing Co. has produced award-winning craft beer since their 1986 beginnings, but the brewery’s latest release marks their first foray outside the world of malts and hops: Alaskan Hard Seltzer.
World’s leading organic hard kombucha brand, Flying Embers (flyingembers.com), just announced the recent appointment of beverage industry veteran, Ty Gilmore, as company President.
Two of the city’s most recognizable companies, Yards Brewing Company and Brownstein Group, have announced a partnership with plans to shake up the Philadelphia beer market and promote local organizations.
After growing to over 300 locations in eastern PA, the brothers decided it was finally time to expand into their second market, New Jersey.
The Detroit Pistons have partnered with Atwater Brewery to create a co-branded beer called the “Triple Double.” The specially designed ale will be available for purchase at Little Caesars Arena at all Pistons games and will soon be available in stores throughout the Michigan area.
East Los Angeles beer brand Cerveceria Mundial (“Global Brewery” in English) is thrilled to announce its first collaborative brew project will be with top Long Beach brewery, Liberation Brewing Company.
