Craft beer’s dollar sales declines continued to accelerate through late May, according to market research firm Circana. Craft dollar sales in Circana-tracked off-premise channels (multi-outlet plus convenience) declined -5.5% in the four-week period ending May 19, accelerating from -3% in the previous period (ending April 21).
April domestic tax paid shipments declined an estimated -4.3% year-over-year (YoY), to 12.3 million barrels, according to Beer Institute (BI) chief economist Andrew Heritage, citing estimates from the Alcohol and Tobacco Tax and Trade Bureau (TTB).
Following news that Kings & Convicts-owned Ballast Point had ceased production at its Miramar, California brewery and sold the facility to an unnamed buyer, the company has confirmed two rounds of layoffs, San Diego Beer News reported last week.
In the latest installment of Brewbound’s A Round With – a weekly Insider-exclusive Q&A series with industry leaders – Alisa Bowens-Mercado, founder and owner of Rhythm Brewing, discusses her quest to make the Connecticut brewery the first nationally distributed beer brand owned by a woman of color and all the stops along the way, including a pop-up summer beer garden in New Haven and ready-to-drink espresso martinis.
Draft beer recorded gains in both volume (+12%) and dollar sales (+32%) year-over-year (YoY) during Memorial Day weekend, on-premise data firm BeerBoard reported.
On a special bonus episode of the Brewbound Podcast, we talk a lot about lagers and marketing with leaders from Jack’s Abby, Von Ebert and Not Your Hobby Marketing Solutions.
Sapporo-Stone Brewing is officially making Zach Keeling its new CEO. Keeling was appointed interim CEO in January when then-CEO Maria Stipp stepped down from the role after guiding the Escondido, California-headquartered brewery through its 2022 acquisition by the Japanese brewing giant and through its integration.
The once-booming flavored malt beverage (FMB) segment is “showing some concerning declarations over recent weeks,” Bump Williams Consulting (BWC) founder Bump Williams noted in a recent report. FMB volume gains dropped by half – from +2.2%, to +1.1% – from the four-week period to the one-week period ending May 18, according to NIQ retail measurement data cited by BWC.
Following a flood of news last week, the Brewbound team recaps the latest major headlines, including a billionaire purchasing Anchor, Boston Beer sale rumors and Monster shutting down operations of another brewery in Texas.
Memorial Day bev-alc shopping “broadly met or exceeded distributor expectations,” according to Goldman Sachs analyst Bonnie Herzog in the investment management firm’s latest Beverage Bytes survey of distributors and retailers.
The Brewers Association (BA) separated contract-brewed and alternating proprietorship (alt prop) small breweries for the first time in this year’s compilation of craft production in the May/June issue of New Brewer Magazine.
The Federal Trade Commission (FTC) is preparing a lawsuit against Southern Glazer’s Wine and Spirits, the nation’s largest alcohol distributor, over its pricing practices, according to a Politico report published yesterday.
Adam Beauchamp was named CEO of Creature Comforts last week, a decade after helping found the Athens, Georgia-based craft brewery. Beauchamp discussed his plans for the brewery moving forward, its growth drivers and opportunities ahead.
The years-long legal battle between members of the Sheehan family over their eponymous multi-state distributor officially ended today in Massachusetts Superior Court when all parties agreed to dismiss the case with prejudice.
