Boston Beer Company adjusted its full-year forecast for shipments and depletions growth after a significant slowdown in the hard seltzer segment in the second quarter. The company previously projected full-year growth of 40-50% in shipments (sales to wholesalers) and depletions (sales to retailers), but has trimmed that projection to 25-40%. Its depletions increased 24% during Q2, decelerating by half from Q1’s growth of 48%, according to remarks from founder and chairman Jim Koch in the quarterly earnings release. “To be totally honest, we’re surprised at the sharpness and the suddenness of the change in trajectory,” Koch said during a conference call with investors and analysts.
After many years of success with MYX Fusions Moscato and Sangria, MYX Beverage LLC will build on that accomplishment and enter the leading growth category of lower-calorie and low alcohol wines.v
It’s ‘bottoms-up’ for New England’s non-alcoholic beer fans as NA-only brewer – Big Drop Brewing Co – announces its partnership with the independent craft beer distributor, Craft Collective.
Hartwall Original® Long Drink, known as the national drink of Finland, is a refreshing mix of Finnish artisan gin and grapefruit that has charmed Finns for over 70 years.
Crowns & Hops Brewing Co. is getting its own facility — and the Inglewood, California-based craft brewing company is asking drinkers if they want to be a part of it.
For the past four years, Carboy Winery has built a reputation as Colorado’s most recognizable wine brand, making high-quality, award-winning wines from Colorado’s Grand Valley and growing it’s wine operations and footprint to four locations in a five year span.
Boston Beer Company “overestimated the growth of the hard seltzer category in the second quarter” and the demand for the company’s Truly Hard Seltzer, CEO Dave Burwick said in a press release announcing the company’s Q2 earnings results.
Midway through 2021, just two of the top 15 craft beer suppliers have been able to generate off-premise dollar sales growth in NielsenIQ tracked channels compared to a year ago, according to Bump Williams Consulting’s latest analysis of the craft segment.
Cerveza XTECA, a Latino Owned and Operated craft beer company brewed in San Diego, CA known for making highly drinkable Lagers, continues to expand into new distribution territories.
Gray For Good – For All Womanhood will host a Virtual Town Hall conversation around gender equity and the Gray For Good campaign on July 28 featuring women leaders in beverage alcohol and philanthropy.
Fresh from a second quarter Fintech industry update, National Beer Wholesalers Association chief economist Lester Jones joins Data Club to discuss the year in beer so far.
