Headlines

The Consumer Price Index (CPI) for beer remained above 2022 levels in July, but is decelerating, according to the U.S. Bureau of Labor Statistics (BLS).

In this latest installment of 3 Up, 3 Down, 3 Tier product team consultant Stephanie Roatis shares a trio of insights on industry growth and three underperforming areas through the halfway point of 2023. Roatis examines the growing number of non-alcoholic beer products, FMBs growing share of ready-to-drink (RTD) offerings, and the surge in imperial ciders. She also offers analysis of craft’s declining shelf presence, liquor channel struggles and more.

Domestic tax paid shipments for the first half of 2023 declined -5.9% year-over-year (YoY), to nearly 77.16 million barrels, according to estimates from the Beer Institute through June.

Weathered Souls co-founder Marcus Baskerville discusses Black is Beautiful Vol. 2 and how the cause beer collaboration has evolved. Plus, Zoe and Justin break down Monday’s blockbuster news that Tilray Brands will acquire eight craft brands from Anheuser-Busch InBev.

Tilray Brands announced an $85 million all cash deal to acquire eight craft beverage brands from Anheuser-Busch earlier this week. Tilray CEO and chairman Irwin D. Simon spoke with Brewbound about the transaction on Tuesday. Here’s our Q&A.

Molson Coors has agreed to purchase Kentucky-based distillery Blue Run Spirits, marking the beer giant’s first spirits acquisition and the formal launch of its Coors Spirits Co. business. The amount was not disclosed.

Tilray Brands is acquiring eight craft brands from Anheuser-Busch InBev in a blockbuster all cash deal announced today.

Ready-to-drink and serve products have surpassed $10 billion dollar sales in off-premise channels in the latest 52 weeks ending July 8, representing a 7% increase compared to the previous period, according to an NIQ report released on Wednesday.

Dharma Tamm is stepping down as president of Rogue Ales & Spirits after four years at the helm of the Newport, Oregon-headquartered craft brewery. Steven Garrett, Rogue’s VP of marketing and creative, will assume the president role beginning October 1.

Monster Energy is drawing up plans for Bang. After completing its acquisition of Bang manufacturer Vital Pharmaceuticals’ (VPX) assets on July 31 for $362 million, Monster co-CEO Rodney Sacks said during the company’s Q2 2023 earnings call yesterday that it is now preparing to fully integrate its former rival into the Monster Energy system.

Industry members should “expect to see an increase in ‘change’” during fall shelf resets versus “what you have seen in the past,” Bump Williams, president and CEO of Bump Williams Consulting (BWC), wrote in the company’s “Monthly Update.”

The trickle down from Bud Light’s sales declines are beginning to materialize in its supply chain partners’ earnings. On the same day that Anheuser-Busch InBev reported double-digit declines in revenue, shipments and depletions in the U.S., Ball Corporation shared that its second quarter volumes declined -8.5% in North and Central America, which the company attributed to “customer mix, particularly in the domestic mass beer category.”

Vervet, a farm-to-can sparkling cocktail line, announced yesterday it is winding down its business after the marketing costs required to compete with the recent influx of other RTD cocktails made the business unviable.

The sales declines of Bud Light amid a conservative-led boycott led to double-digit declines in revenue, shipments and depletions in the U.S. during the second quarter for Anheuser-Busch InBev (A-B).