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Craft beer industry news.

CBA Earnings: Net Income Suffers Amid Kona Labeling Suit

CBA Earnings: Net Income Suffers Amid Kona Labeling Suit

Craft Brew Alliance today reported its first quarter earnings results, which included a net income loss of $7.3 million and a 5 percent decline in total depletions. The net income loss was primarily driven by the previously disclosed $4.7 million charge that CBA elected to record as a result of settling a years-long class-action lawsuit over alleged “false and deceptive advertising” of its Kona Brewing beer brand.

Gordon Biersch Co-Founder Reclaims Majority Stake in Decades-Old Brewery

Gordon Biersch Co-Founder Reclaims Majority Stake in Decades-Old Brewery

Dan Gordon has regained majority control of Gordon Biersch Brewing Company. A new investor group assembled by Gordon has acquired the San Jose, California-based production brewery from the Fertitta family — founders of Nevada’s Station Casinos and Zuffa, the parent company of the Ultimate Fighting Championship, which sold for more $4 billion to WME-IMG in 2016.

Arcadia Brewing Releases The Ugandan Hammer Sorghum Beer

Arcadia Brewing created a unique small-batch sorghum beer initially inspired by small-scale farmers in Africa. Sorghum, a hardy and drought resistant grain, is a staple in many developing countries and often makes its way into many foods and drinks including a sour beer.

Wild Leap Brew Co. Announces Brewing Capacity Expansion

A few months shy of their second anniversary, Wild Leap Brew Co. is taking the major step of expanding brewing capacity by nearly 60%. Wild Leap is installing additional 120-barrel fermentation tanks to their brewhouse at the beginning of May, signaling a significant increase in production and potential new markets.

Alaskan Brewing Releases Blonde Ale

The latest summer seasonal release from Alaskan Brewing Co. is an American classic: Blonde Ale. Brewed with a touch of wildflower honey, Alaskan Blonde Ale is an easy-drinking and approachable summer offering.

Nicaragua Craft Beer Co. Releases Panga Drops Keller Pils in North America

Nicaragua Craft Beer Co., the first craft brewery in the country, is expanding distribution of one of its flagship beers, Panga Drops Keller Pils, to 12 U.S. states this month. The brewery was started by Americans Matt Greenberg and Brendan DeBlois and is nestled within the beach town of San Juan del Sur.

Anheuser-Busch InBev Worldwide Revenues Grow Despite Declines in US

Anheuser-Busch InBev Worldwide Revenues Grow Despite Declines in US

Anheuser-Busch InBev today reported global revenue growth of 5.9 percent in the first quarter of 2019, despite continued declines of its two biggest brands in the U.S. A-B, the world’s largest beer manufacturer, recorded global revenue growth of nearly $12.6 billion during the quarter, and a gross profit of more than $7.7 billion, as its worldwide volume increased 1.3 percent. The company’s revenue per hectoliter also grew 4.6 percent during the period.

Perrin Brewing Company Announces Brand Refresh

Perrin Brewing Company has announced an exciting design update. The refresh kicked off in January, with the introduction of a sleek new logo, which was followed by updated cans and secondary packaging. All redesigned packaging across the brewery’s line-up of liquids is now appearing on shelves across Michigan.

The Booth Brewing Co. Reformulates This Is Not a Bro Deal Hop Ale

The Booth Brewing is bringing back a fan favorite brew from last year, This Is Not a Bro Deal Hop Ale, a much-awaited return for The Booth fans. This New England IPA returns with a revamped recipe and a well-curated selection of some of the highest quality hops around the world.