News

Craft beer industry news.

Paradox Beer Company Expands Distribution into Louisiana

Colorado-based Paradox Beer Company produces original and rare beers which honor the uncertainty of nature bound with rigorous quality testing, yielding one-of-a-kind flavors that sets them apart from other beers. The rich mountain terroir has allowed Paradox to harvest, propagate and now inoculate their beers with their own house-grown Brettanomyces.

Molson Coors CEO Discusses Restructuring Plans, New Hard Seltzer Launch During Q3 Earnings Call

Molson Coors CEO Discusses Restructuring Plans, New Hard Seltzer Launch During Q3 Earnings Call

Molson Coors’ future direction became more clear today following the announcement that the company will restructure its operations and slash its workforce. Prior to late July’s second quarter earnings call, the company announced that CEO Mark Hunter would retire at the end of September, and Gavin Hattersley, the CEO of U.S. business division MillerCoors, would… Read more »

Truly Hard Seltzer Boosts Boston Beer Company to Double-Digit Growth

Truly Hard Seltzer Boosts Boston Beer Company to Double-Digit Growth

Boston Beer Company reported strong earnings during its third-quarter earnings call Tuesday evening. The company reported depletions (sales-to-retailers) growth of 30%, 24% of which came from Boston Beer’s core brands and 6% of which came from Dogfish Head offerings.

Molson Coors Announces Plan to Restructure Business, Cut Workforce and Invest in New Brands

Molson Coors Announces Plan to Restructure Business, Cut Workforce and Invest in New Brands

Molson Coors today announced a sweeping restructuring and revitalization plan aimed at reinvesting $150 million annually in its core products, above-premium offerings, new innovations in the beyond beer space and digital capabilities. In order to achieve the savings, Molson Coors is consolidating its business units and office footprint and slashing its workforce.

Boston Beer Company Depletions Up 30%, Shipments Grow 19% in Q3

Boston Beer Company Depletions Up 30%, Shipments Grow 19% in Q3

Boston Beer Company reported third quarter depletions (sales-to-retailers) and shipments (sales-to-wholesalers) of 30% and 19.1%, respectively, according to financial results issued after the end of trading today. Boston Beer’s third quarter earnings marked the first with combined results following the merger with Dogfish Head Craft Brewery. The combined company — whose brands include Truly Hard Seltzer, Samuel Adams beer, Angry Orchard hard cider and Twisted Tea — reported net revenue growth of 23.3%, to $378.5 million, during Q3.

Alaskan Brewing to Release Hard Seltzer

Alaskan Brewing Co. has produced award-winning craft beer since their 1986 beginnings, but the brewery’s latest release marks their first foray outside the world of malts and hops: Alaskan Hard Seltzer.