Headlines

Monster: Q1 Net Sales +11.9% As ‘Beast’ Boosts Booze Division

Monster: Q1 Net Sales +11.9% As ‘Beast’ Boosts Booze Division

Boosted by triple-digit growth from its nascent alcohol division, Monster Energy beat analysts’ predictions in reporting an 11.9% year-over-year rise in net sales in its Q1 2023 earnings report on Thursday afternoon.

Sazerac CEO Mark Brown to Step Down, Replacement Named

Sazerac CEO Mark Brown to Step Down, Replacement Named

CEO of Sazerac Mark Brown plans to leave his role next month, according to reporting by Louisville Business First. The move is part of “a long-signaled and eight-year succession plan,” that will see Brown move to the role of executive chairman.

Brewbound ICYMI: Join Us for Brew Talks This Sunday

Brewbound ICYMI: Join Us for Brew Talks This Sunday

The first Brew Talks meetup is set for Sunday, May 7, at Nashville Underground. We’re going to start off Craft Brewers Conference week with two big talks, plus beers and networking.

Ball: Global Beverage Can Shipments -6.7% in Q1; ‘Low-Single Digit’ Volume Growth Projected in 2023; Beer Industry Promotions Needed

Ball: Global Beverage Can Shipments -6.7% in Q1; ‘Low-Single Digit’ Volume Growth Projected in 2023; Beer Industry Promotions Needed

Ball Corporation reported that global beverage can shipments declined -6.7% in the first quarter of 2023. For the full year, the can manufacturer is estimating that its global volume growth will be in the “low-single digits,” with volume in North America “slightly down.” Leaders discuss need for beer companies to launch promotions.

People Moves: Maine, Rhode Island Guilds Name New Directors; Nicole Nugent Joins Armory Group; Ben E. Keith Selects Next Beverage Division President

People Moves: Maine, Rhode Island Guilds Name New Directors; Nicole Nugent Joins Armory Group; Ben E. Keith Selects Next Beverage Division President

Shea Hearsum Cusick Named New Maine Brewers Guild Executive Director The Maine Brewers Guild has tapped Shea Hearsum Cusick as its new executive director, effective May 1. Cusick joined the guild from Scarborough, Maine-based Nonesuch River Brewing, where she served as sales manager for nearly four years. In addition to her role at Nonesuch, Cusick… Read more »

Ocean Spray and Absolut to Launch Vodka-Cranberry RTD

Ocean Spray and Absolut to Launch Vodka-Cranberry RTD

From the land of Cran-Grape comes… Cran-Vodka? Absolut and Ocean Spray are teaming up to launch Vodka-Cranberry Range, a ready-to-drink (RTD) line coming early 2024, a press release announced today.

Founders Hit With Second Racial Discrimination Lawsuit

Founders Hit With Second Racial Discrimination Lawsuit

On the same day Founders Brewing announced it had permanently closed its Detroit location, a former employee filed a lawsuit against the company claiming the taproom’s work environment was “so objectively racially hostile that she had no choice but to resign.”