Craft beer industry news.
Central Virginia’s Stable Craft Brewing at Hermitage Hill is celebrating spring this July with a full slate of activities including a Fourth of July weekend celebration,, Steal the Glass, an 80’s Dance Party, live music, craft beer and cider releases and delicious food.
Living The Dream Brewing is excited to can one of its taproom favorites for the first time. Six-packs of 12oz. High Line Pilsner are now available across Colorado.
Pricing was the clear theme of the question-and-answer portion of Constellation Brands’ first quarter FY2023 earnings call on Thursday. More specifically, analysts were wondering why the company is hesitant to increase price in an inflationary environment. CEO Bill Newlands reiterated that Constellation’s “long-term algorithm on pricing is +1%-2%,” although last year it increased beer prices +3.5%.
MobCraft Dee Tacko has partnered with Chris Black of the former Falling Rock Tap House of Denver and Jeff Willis, formerly of Tap and Handle in Fort Collins, to host five days of parties and beer focused activities during the week of the Great American Beer Festival held October 5th-9th in Denver, CO.
Mortal XXX, Mortal’s hard kombucha line that launched in the summer of 2021, gets BIGGER and BADDER in flavors now available in single 16 ounce cans.
Ska Brewing and Manhattan Brewing Company just debuted their collaboration IPA, 2 Tone, across Kansas and Colorado.
Hot on the heels of their first ever non-alcoholic release (a sparkling lemon-lime hop water, made in collaboration with Billy Strings) Short’s is keeping summer awesome for the next three months.
U.S. beer shipments declined -2.2% in May 2022, to an estimated 14.6 million barrels, according to the Beer Institute, citing the latest domestic tax paid shipment estimates shared by the Alcohol and Tobacco Tax and Trade Bureau (TTB).
Constellation’s beer depletions increased +8.7%, while shipments grew +17.3%, to 99.5 million case equivalents during the first quarter of its 2023 fiscal year, the company reported today. Net sales increased +21%, to more than $1.898 billion, with gross profit of more than $1 billion (+14%). The beer business’ operating income also increased +13%, to $762.8 million.
John I. Haas, Inc. announces the global release of their newest innovative product, Kettle Redi. This product provides light stability, smooth bittering, and hop aroma characteristics to beer while offering microbiological protection during the brewing process.
The Brewbound team discusses the pending sale of Stone Brewing to Sapporo and the auction sale of Modern Times to an affiliate of Brewery X. This week’s featured guest is Courtney Simmons, diversity, equity and inclusion director for New Belgium and Bell’s.
Reyes and Seismic Come to Amicable Resolution on Antitrust Lawsuit, Plan to Work Together
Goldman Sachs’ pessimism for Boston Beer Company’s 2022 sales performance and the company’s ability to reach its 2022 guidance continues, with analyst Bonnie Herzog downgrading Boston Beer to a “sell” rating in the financial services firm’s June Beverage Bytes retailer survey.
In recent years, the U.S. has seen an explosion in consumer interest for cocktail culture, but on-premise has struggled to capture this opportunity and offset the losses from declining draft beer sales. The ready-to-draft craft cocktail mix keg from Craft Standard, developed over the last seven years, has solved this problem, enabling venues to efficiently serve high-quality, delicious, classic cocktails at scale, and take advantage of empty tap lines across the U.S.
