Craft beer industry news.
Constellation’s beer depletions increased +8.7%, while shipments grew +17.3%, to 99.5 million case equivalents during the first quarter of its 2023 fiscal year, the company reported today. Net sales increased +21%, to more than $1.898 billion, with gross profit of more than $1 billion (+14%). The beer business’ operating income also increased +13%, to $762.8 million.
John I. Haas, Inc. announces the global release of their newest innovative product, Kettle Redi. This product provides light stability, smooth bittering, and hop aroma characteristics to beer while offering microbiological protection during the brewing process.
The Brewbound team discusses the pending sale of Stone Brewing to Sapporo and the auction sale of Modern Times to an affiliate of Brewery X. This week’s featured guest is Courtney Simmons, diversity, equity and inclusion director for New Belgium and Bell’s.
Reyes and Seismic Come to Amicable Resolution on Antitrust Lawsuit, Plan to Work Together
Goldman Sachs’ pessimism for Boston Beer Company’s 2022 sales performance and the company’s ability to reach its 2022 guidance continues, with analyst Bonnie Herzog downgrading Boston Beer to a “sell” rating in the financial services firm’s June Beverage Bytes retailer survey.
In recent years, the U.S. has seen an explosion in consumer interest for cocktail culture, but on-premise has struggled to capture this opportunity and offset the losses from declining draft beer sales. The ready-to-draft craft cocktail mix keg from Craft Standard, developed over the last seven years, has solved this problem, enabling venues to efficiently serve high-quality, delicious, classic cocktails at scale, and take advantage of empty tap lines across the U.S.
Another craft brewery is exploring a potential sale of the company. Melvin Brewing announced today it is seeking “a strategic partner” to “support and assist with current growth initiatives,” a process that could lead to the sale of the Alpine, Wyoming-based craft brewery.
Onda, a leading brand of tequila seltzer, has received a $12.5 million growth investment led by the company’s existing investors, Aria Growth Partners and beverage industry veteran Clayton Christopher.
The life of Bevy Long Drink, Boston Beer’s malt-based foray into the Finnish long drink segment, won’t be very long after all. The company has discontinued the brand, which it launched in 20 test markets late last year and expanded nationwide earlier this year.
Halfway through 2022, the beverage-alcohol industry is facing an unending wave of headwinds. Scott Scanlon, EVP of market research firm IRI’s beverage-alcohol vertical, shares the firm’s mid-year report card for the bev-alc industry. Scanlon strikes an optimistic tone for the beer category for the rest of 2022.
Tap Hopper Canning, LLC is pleased to announce its first official distribution relationship with Roberts Polypro manufacturing for their Craft-Pak handles manufactured locally in Charlotte, NC. Craft-Pak™ 4-pack and 6-pack standard format 211 can carriers were introduced in 2017 by Roberts PolyPro in 2017 Craft-Pak™ and have steadily grown in popularity.
LUKI Brewery proudly welcomes everyone to attend their two-year anniversary celebration July 15-17.
In the wake of Breakthru Beverage’s acquisition of J.J. Taylor’s beer business in Minnesota, Summit Brewing Company’s portfolio has moved to A-B house Capitol Beverage Sales in the Minneapolis-St. Paul area, with pieces of territory doled out to College City (A-B) and Dahlheimer Beverage, a Molson Coors house.
The five-dollar everyday pint is not dead.
