After revenue and depletions declined 14 percent during the first quarter of 2017, Boston Beer Company rebounded in Q2, today reporting revenue growth of 1 percent and depletion decreases of just 3 percent versus the same period a year ago. In a press release, the company – which makes Samuel Adams beer, Angry Orchard Hard Cider, Twisted Tea, Truly Spiked & Sparkling seltzers and other offerings — said it sold nearly 1.1 million barrels of product during the 13-week period ending July 1, 2017. The company sold about the same amount of liquid during the second quarter of 2016.
Anheuser-Busch InBev today reported its second-quarter and half-year earnings results, outlining global revenue growth of 5 percent in Q2 despite continued challenges in the U.S., the company’s largest individual market.
Brooklyn Brewery, along with California’s 21st Amendment (21A) and Colorado’s Funkwerks today announced the establishment of a combined sales team, which will be led by Brooklyn vice president of business development Dave Duffy.
Michigan-based Short’s Brewing said today it would sell a 20 percent equity stake to Lagunitas U.S. Holdings (LUSH), a wholly owned subsidiary of Heineken International. A sale price was not disclosed, but brewery partner Scott Newman-Bale, who spoke to Brewbound following the announcement, said the multiple exceeded 15X EBITDA (earnings before interest, taxes, debt and amortization).
Could craft beer play a role in the next congressional election? As part of its effort to win back control of Congress, the Democratic Party plans to “crack down on corporate monopolies” as part of a new populist economic agenda, unveiled Monday. The platform – called “A Better Deal” – is partly aimed at preventing mega-mergers that would “harm consumer, workers and competition.”
Ohio-based Fat Head’s Brewery finally broke ground today on a $12 million destination brewery that will double the company’s production capabilities, enabling it to produce as much as 60,000 barrels of beer annually.
Shot on location in San Diego and Portland, Ore., the latest episode of Learning Curve follows the founders of Border X Brewing as they learn from multiple Craft Brew Alliance executives and brew a collaboration beer in the recently built Widmer Brothers Innovation Brewery.
In this edition of Press Clips: The TTB begins a pay-to-play investigation in Miami; craft brewers adopt the BA’s independence seal; beer is still the alcoholic drink of choice in U.S.; and more.
On this latest episode of Taste Radio, Brewbound assistant editor Justin Kendall and BevNET managing editor Ray Latif talk with Reardon, who also serves as the CEO of Deep Ellum. During the interview, Reardon explains how he got into the craft beer business, discusses his plans for growth and why he thinks Deep Ellum can become a “dominant” regional craft brewery.
Know thy enemy. If you’re a brewery trying to make it in today’s crowded alcohol marketplace, that means understanding the strategies that wine and spirits brands have used to snatch 10 percent of total U.S. alcohol shipments away from the beer category over the last 20 years.
Executives from the largest beer companies in the U.S. gathered in San Diego this week for the annual Beer Institute (BI) meeting, and a theme of unity emerged as industry leaders attempt to stem continued share losses to wine and spirits.
One year after inking a deal with coffee giant Starbucks, the world’s largest beer company is making another investment in the non-alcoholic beverage segment. Anheuser-Busch InBev today announced plans to acquire Hiball Inc., a San Francisco-based beverage company founded in 2005 that produces a range of caffeinated beverages, including energy drinks, sparkling waters and cold brew coffees. The company also makes a line of non-caffeinated juices and seltzers, called Alta Palla.
DuClaw Brewing Co. is officially on the market. The Baltimore, Maryland-based craft brewery today announced that it had retained investment banking firm Equity Partners HG to help identify an investor or buyer for the company.
Major Brands, the largest Missouri-owned distributor of beer, wine and spirits, has released Schlafly Beer’s brand rights to the Saint Louis Brewery, ending the two parties’ 17-year distribution partnership as of Monday.
