News

For the 52 weeks ending July 16, the combined malt- and spirits-based hard seltzer segment reached $4.263 billion, according to Jefferies equity research managing director Kevin Grundy. In the last four weeks, spirits-based seltzer’s share of the business has reached 9.1%. Malt- and sugar-based hard seltzers account for 90.9% of the segment – and their sales are declining.

National Beer Wholesalers Association chief economist Lester Jones joins the Brewbound Podcast to explain why he’s bullish on the beer category despite the current economic climate.

CELSIUS’ leadership believes the company’s new distribution partnership with PepsiCo will help increase its distribution footprint by around 40% over the next 12 months as the Florida-based energy drink brand eyes new channels and global growth.

As the largest hard seltzer brands cycle tough year-over-year comps, regional seltzer brands such as Boulevard Brewing Company’s Quirk Hard Seltzer are gaining traction in their home markets.

Minneapolis-based Finnegans Brew Co. has struck a deal to acquire non-alcoholic craft brewer Hairless Dog Brewing Company.

Weyerbacher Brewing Company in Easton, Pennsylvania, has filed its second Chapter 11 bankruptcy petition in the last three years.

Molson Coors’ second quarter earnings report featured varied results, including volume declines, an increase in net sales per hectoliter (+7.1%) and the company’s first increase in U.S. dollar share in more than a decade.