Craft beer industry news.
Boston Beer is hitting the reset button with Truly Hard Seltzer in an effort to reverse the brand’s negative trends. Ahead of today’s Q4 and full-year earnings report, Boston Beer announced it would release new packaging, a new advertising campaign and communicate “clearer messaging” for Truly this spring as the company looks to grow Truly’s share and hold the No. 2 position in the segment behind White Claw.
ASHEVILLE, NC — 2022 was a monumental year for Riverbend Malt House that included a 50 percent capacity increase, and deeper agricultural and environmental commitments than ever before. The malthouse was honored with a prestigious Malt Cup award for malt quality, and named one of Inc. 5000’s fastest growing private companies— among many other milestones…. Read more »
ButcherJoseph & Co. (“ButcherJoseph”) served as exclusive financial advisor to Brewing Science Institute (“BSI” or the “Company”) on its sale to an Employee Stock Ownership Plan (ESOP). Established in 1996, BSI is located 8,500 feet in elevation in the scenic foothills of Pikes Peak and helps professional brewers achieve optimal brewing results. The transaction closed in January 2023.
Bale Breaker Brewing Company, a family-owned brewery located in the beautiful Yakima Valley, is excited to announce the lineup for 2023’s Frenz Collaboration Series. First up, releasing on February 10th, is a collaboration with long-time friends and mentors, Georgetown Brewing.
Full Circle Brewing and Sonoma Cider are excited to partner with ByBlack, powered by U.S. Black Chambers, Inc. (USBC) to release a beer and cider under its Sonoma Cider brand in celebration of Black History Month.
CPI for Beer At-Home +9% in January vs. 2022 The Consumer Price Index (CPI) for beer at-home continues to outpace inflation, increasing +9% last month versus January 2022, according to the U.S. Bureau of Labor Statistics (BLS). Beer price hikes have yet to slow down, increasing +8.6% year-over-year (YoY) in December, +7.7% in November and… Read more »
Data released last week by the Distilled Spirits Council of the United States (DISCUS) showed that for the first time spirits revenues outpaced beer, but how did craft spirits measure up? At last weekend’s American Craft Spirits Association Conference in Portland, data experts shared insight into the segment’s growth and opportunities.
In a partnership primed for racing greatness, Island Brands USA has proudly signed on as primary sponsor of star driver Kaz Grala and the Sam Hunt Racing team’s No. 26 Toyota GR Supra throughout the 2023 NASCAR Xfinity Series season.
Gorilla Brewing Company, Galmegi Brewing, Daedo Brewery, and Beerroom are excited to announce the release of two collaboration beers, the Godfather and Cherry Berry.
WeldWerks Brewing Co. will be celebrating eight years of slinging beers Friday, March 3 – Sunday, March 5. The weekend-long bash includes eight anniversary beer releases to commemorate the occasion, specialty tappings, and a Sunday WeldWerks Anniversary Beer Brunch on March 5.
Price increases and easy comps carried off-premise beer dollar sales up +7%, to nearly $2.9 billion, year-to-date through January 29 in multi-outlet and convenience stores tracked by market research firm IRI. Although dollar sales climbed, volume (measured in case sales) was slightly down -0.3% through the first month of 2023.
Last year River North Brewery celebrated ten years of outstanding craft beer with their friends, so this year they are turning it up to eleven for their 2023 anniversary celebration with a 23% QUADRUPLE BARREL AGED STOUT!
Springdale Beer Company, the ale-centric offshoot of Jack’s Abby Craft Lagers, has been put “on hiatus indefinitely,” the Framingham, Massachusetts-based brewery announced Monday.
Draft beer volume increased +4.1% during Super Bowl LVII compared to last year’s game, according to on-premise data firm BeerBoard.
