July Consumer Price Index for Beer at Home +4.3% YoY; Away from Home +4.5%
The Consumer Price Index (CPI) for beer remained above 2022 levels in July, but is decelerating, according to the U.S. Bureau of Labor Statistics (BLS).
The Consumer Price Index (CPI) for beer remained above 2022 levels in July, but is decelerating, according to the U.S. Bureau of Labor Statistics (BLS).
Domestic tax paid shipments for the first half of 2023 declined -5.9% year-over-year (YoY), to nearly 77.16 million barrels, according to estimates from the Beer Institute through June.
Tilray Brands is acquiring eight craft brands from Anheuser-Busch InBev in a blockbuster all cash deal announced today.
Industry members should “expect to see an increase in ‘change’” during fall shelf resets versus “what you have seen in the past,” Bump Williams, president and CEO of Bump Williams Consulting (BWC), wrote in the company’s “Monthly Update.”
The sales declines of Bud Light amid a conservative-led boycott led to double-digit declines in revenue, shipments and depletions in the U.S. during the second quarter for Anheuser-Busch InBev (A-B).
Craft beer off-premise dollar sales in the last four weeks (ending July 16) increased +1.2% versus the same period in 2022, according to market research firm Circana in its monthly beer report.
On-premise traffic patterns have remained consistent since March, according to CGA, NIQ’s on-premise market research firm.
Danelle Kosmal will leave her role as VP of research for industry trade group the Beer Institute (BI) later this year.
More than 55 million oz. of beer, wine, ready-to-drink (RTD) cocktails and more were served from iPourIt self-serve walls in 2022, according to the beverage technology company’s “Annual Pour Report.”
Boston Beer’s shipments declined again in Q2 – down -4.5%, to 2.3 million barrels. However, the company is still confident in its projections and its “strategic priorities remained unchanged,” founder Jim Koch said Thursday during the company’s call with investors.
Anheuser-Busch InBev (A-B) announced a corporate restructuring today that will see the world’s largest beer manufacturer cut just under 2% of its U.S. workforce, an A-B spokesperson confirmed with Brewbound.
While bev-alc has been plagued with demands for “new, new, new” at an accelerated pace in recent years, distributors are concerned that “recent innovation is not disciplined,” according to the latest Tamarron Consulting survey.
Total bev-alc sales in off-premise channels (multi-outlet plus convenience) declined -4% week-over-week (WoW) in the week ending July 9, which included the July 4 holiday, according to Circana analyst Scott Scanlon.
The July 4 holiday had an even stronger impact on on-premise sales this year, driving double-digit velocity growth throughout the week, according to CGA, a NIQ on-premise market research firm.