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.
Nearly seven months after its launch, Brew Pipeline’s Guest Brewer program has expanded into 34 states, exceeding its initial goal of attaining distribution of reaching half the country before the year’s end. Guest Brewer, one of six offerings from “direct-access platform” Brew Pipeline, pairs select craft brewers’ products with wholesalers in markets where they currently… Read more »
In March, after spending two years as CEO of the U.S. arm of Scottish craft brewery BrewDog, Tanisha Robinson took on a new position within the company as its Chief Disruption Officer, a move that put her in charge of seeking out the next big trends in beer and beverage to help the company stay ahead of the industry. Almost immediately, she took an interest in CBD — something BrewDog wasn’t ready to embrace just yet. Rather than let the opportunity get away, Robinson quit her job in July and founded W*nder (pronounced Wonder), a CBD-infused sparkling water brand set to launch this January.
Anheuser-Busch InBev reported today global revenue growth of 2.7% for the third quarter of the year, driven by an increase of 3% in revenue per hectoliter due to premiumization and strong growth in Mexico, South Africa and Colombia. Volumes worldwide decreased 0.5%; A-B’s own beer volumes were down slightly more with a 0.9% decrease. However,… Read more »
“I did not take this job to lose,” Heineken USA CEO Maggie Timoney said near the close of the company’s national sales meeting with wholesalers in New York City last week. “We’re going to win and win together.”
Lompoc Brewing, one of Portland’s oldest craft brewers, announced it will close next week after 23 years in business. “For me, it just felt like this is the right time, and time to back away from the craft brewing scene,” owner Jerry Fechter told Brewbound. Meanwhile, Heineken N.V.-owned Lagunitas Brewing has closed its Portland, Oregon-based… Read more »
In Episode 2 of the Brewbound Podcast’s second season, Karmen Olson and Thomas Bleigh discuss the pH Experiment’s holistic approach to innovation, which extends beyond liquid to experiences, delivery models, technology and more. They also share what it’s like to have a license to fail, how they define success and much more.
Anheuser-Busch filed two motions Tuesday night in its ongoing lawsuit with MillerCoors in an effort to unseal its heavily redacted counterclaim accusing its top competitor of stealing its trade secrets and receive a summary judgement.
Dogfish Head co-founder Sam Calagione shared how the first 149 days of his company’s merger with the Boston Beer Company was progressing during Brewbound’s final Brew Talk meetup of 2019. Calagione pointed to goals of brand longevity and growth outside Dogfish Head’s homebase of the Mid-Atlantic region as the reasons for forming a business partnership… Read more »
Bear Republic Brewing Company will close its Healdsburg, California-based brewpub, which first opened in 1995, on November 22, according to a post on the location’s Facebook page. Speaking to Brewbound, Bear Republic president and CEO Richard G. Norgrove cited mounting building improvement costs at the Healdsburg brewpub location, which the company’s landlord would not cover,… Read more »
Fast-growing Cincinnati craft beer maker Rhinegeist Brewery plans to implement an employee stock ownership plan (ESOP) in mid-2020 that will eventually transfer 100% ownership of the company to its employees.
In the latest edition of Last Call: California’s Yurok Tribe to acquire Mad River Brewing; Boston Beer discontinues Marathon Brewing’s 26.2 Brew; Night Shift to launch a hard seltzer line; and more news.
The last few months have proven tumultuous for a handful of Massachusetts craft breweries. Although some beer companies in the Commonwealth have recently announced expansions and new locations, others have experienced financial difficulties. Earlier this week, Chelsea-based Mystic Brewing announced it will close on October 19. Meanwhile, Somerville Brewing filed for Chapter 11 bankruptcy in… Read more »
