Anheuser-Busch InBev (A-B) reported a +12.1% increase in revenue, to $15.091 billion, and +3.7% volume growth in the third quarter of 2022, compared to the same period last year, the company shared today in its earnings report.
While much of Boston Beer Company’s annual business plan (ABP) meeting with wholesalers Tuesday was dedicated to beyond beer innovations (see yesterday’s coverage), “beer is still our middle name,” founder and chairman Jim Koch once again attempted to reassure everyone.
Traditional beer is expected to decline -2% in the next five years, Boston Beer founder and chairman Jim Koch told wholesalers Tuesday during the company’s annual business plan meeting with northeastern wholesalers. “We say a prayer for the big brewers because they’re the ones that really build the trucks that we can then fill out, but I think the reality is it will probably not grow in the lifetime of the people in this room,” he said.
Cycling a nearly -9% decline in September 2021 — the biggest decline of last year — U.S. brewers failed to eke out growth in September 2022.
Critiques of PepsiCo’s Blue Cloud Distribution (BCD) arm were plentiful during the National Beer Wholesalers Association’s (NBWA) annual convention earlier this month in Chicago. NBWA leaders criticized the way Hard MTN Dew – which Boston Beer has licensed to produce and is distributed through Blue Cloud – has been merchandised and cross-promoted in some accounts,… Read more »
Boston Beer Company is expanding its ready-to-drink canned cocktail portfolio with the addition of Loma Vista Tequila Soda, the company’s first tequila-based RTD.
Constellation Brands is simplifying its approach to the cannabis industry as the company announced plans today to convert its common shares of Ontario-based Canopy Growth Corporation into new non-voting exchangeable shares.
Scout Distribution and Columbia Distributing’s joint venture, Scout Idaho, announced its launch portfolio today. The company will begin taking orders in southern Idaho on October 31, with deliveries following on November 1.
As the calendar turns to the often spirits-heavy holiday season, the National Beer Wholesalers Association (NBWA) highlighted its Beer First Initiative toolkit during its annual convention earlier this month, including selling materials to help better position beer against wine and spirits in the fourth quarter of the year.
BeatBox, makers of a ready-to-drink (RTD) alcoholic fruit punch, just hit a $200 million valuation at the close of its $15 million raise aimed at expanding its national retail partnerships.
San Diego-based JuneShine – a hard kombucha and ready-to-drink canned cocktail (RTD) maker – is on track to produce more than one million cases (about 72,580 barrels) in 2022.
The Boston Beer Company – parent of Samuel Adams, Angry Orchard, Twisted Tea, Truly Hard Seltzer and Dogfish Head – aims to become the No. 1 beer industry supplier in the fourth category, CEO Dave Burwick said during a conference call with investors and analysts to discuss the company’s third quarter 2022 earnings.
This week was all about the numbers as the third quarter data is now in the books. Brewbound managing editor Jess Infante and reporter Zoe Licata hosted a Data Club deep dive into the summer selling season and what’s ahead with 3 Tier Beverages consultant Mary Mills and NielsenIQ VP of alcohol industry thought leadership… Read more »
One week after Kroger announced its plans to merge its business with Albertsons, opposition is growing amid antitrust concerns from stakeholders and government officials.
