Off-premise dollar sales of craft beer declined -2.7% in the four-week period ending February 25 in Circana-tracked multi-outlet and convenience store scans. Craft scans are now down -2% year-to-date (YTD) through late February, amounting to a loss of around $12.3 million for the segment, with sales of $619.9 million, the Chicago-based market research firm reported. This comes as the average case price of craft beer is up +$0.75 in the last four weeks, to $43.44, and up +$0.64 YTD, to $43.39.
In this latest round of distribution news, we check in with new coconut vodka water, Mother’s Milk and another fruit-infused vodka cocktail named after the same parent, Mom Water, as well as craft distillers Heritage Distilling and Frey Ranch, plus news from rum Coconut Cartel.
Landlord issues have been a frequent reason cited among recent brewery closures. What do you need to look out for in a lease? When should you start renewal discussions? How do you navigate improvements? BPE Law Group associate attorney Melanie De Marco gives a leasing 101 course.
As it looks to scale up to meet fast-rising demand for new innovations, Liquid Death announced this morning it has closed a $67 million funding round at a valuation of $1.4 billion.
Fighting back against anti-alcohol messaging and rediscovering industry optimism following a year of flat spirit sales were two of the major themes at the annual Distilled Spirits Council of the U.S. (DISCUS) conference in San Diego last week.
I’m beginning to think Jason Kelce may need to take up knitting in retirement, otherwise I’m getting concerned he’s just going to be asked to chug beer wherever he goes from now on.
Domestic tax paid shipments increased +1.8% in January 2024 versus January 2023, marking the first year-over-year (YoY) increase since February 2023, according to the Beer Institute (BI), citing estimates from the Alcohol and Tobacco Tax and Trade Bureau (TTB).
Seattle-based craft soda producer Jones Soda Co. is crossing over into beverage-alcohol with the launch of Spiked Jones Hard Craft Soda, announced Wednesday.
In the latest installment of Brewbound’s weekly A Round With … Q&A series, Prost Brewing Co. president David Deline discusses how construction is going on the German-inspired Colorado brewery’s new production headquarters in Northglenn, how the facility will take the brand to the next level and finding inspiration.
Modelo Especial is now a 200-million case brand, as depletions crossed that milestone in the latest rolling 52-week period, Greg Gallagher, VP of brand marketing for Constellation Brands’ beer division, shared during Tuesday’s Gold Network Summit in Las Vegas.
California Craft Brewers Association (CCBA) board member Alicia Barr (5050 Brewing Co.) and former director Peter Hoey (Urban Roots Brewery) join the Brewbound Podcast to discuss the state of craft beer in California, the country’s largest craft market, in advance of the CCBA’s annual California Craft Beer Summit next week in Sacramento.
