News

Craft beer industry news.

Boston Beer Q2 Shipments -4.5%, Depletions -3%

Boston Beer Q2 Shipments -4.5%, Depletions -3%

Boston Beer Company reported its second quarter earnings today, with net revenue declining -2.1%, to $603.3 million, compared to the same period in 2022.

Nine Pin Cider Releases Montmorency Cherry

Nine Pin Ciderworks, New York’s first farm cidery, has released Montmorency Cherry, the latest in its new Harvest Series. The New York Cider Harvest Series is Nine Pin’s way to honor agriculture and local businesses.

Coca-Cola CEO: Creating Bev-Alc Subsidiary Isn’t a ‘Big Step’

Coca-Cola CEO: Creating Bev-Alc Subsidiary Isn’t a ‘Big Step’

Coca‑Cola Company chair and CEO James Quincey added additional color to the news that the soda giant had obtained a federal basic alcohol permit and launched an alcoholic beverage subsidiary, Red Tree Beverages, in the second quarter. Quincey described Red Tree “more of a technicality than some new big step.”

Brewbound Podcast: DISCUS CEO on Spirits’ Cold Box Expansion Opportunities

Brewbound Podcast: DISCUS CEO on Spirits’ Cold Box Expansion Opportunities

Distilled Spirits Council of the U.S. president and CEO Chris Swonger joins to break down the opportunities canned cocktails are creating for beverage-alcohol companies. Swonger also pushes back against the beer industry’s stance against expanded market access and lower excise taxes for these products.

Anheuser-Busch Cuts Around 2% of US Workforce

Anheuser-Busch Cuts Around 2% of US Workforce

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.