News

Well, $1 hot dog night at CITI FIELD was clearly a resounding success this week, although sadly it was still accompanied by $15 beer night.

Domestic tax paid shipments declined an estimated -13.6%, to 12.7 million barrels, marking a loss of more than 1.9 million barrels in March 2024 versus March 2023, according to Beer Institute chief economist Andrew Heritage, citing estimates from the Alcohol and Tobacco Tax and Trade Bureau (TTB).

The vast majority of shoppers (82%) can’t match influencers to the brands they own, according to a new report from Numerator— but that’s not discouraging influencer or celebrity brands from trying. One BevAlc company, co-helmed by the founder of hydration drink brand Roar Organics, is even building its business model around quickly bringing influencer brands to market.

On the heels of the 2024 Craft Brewers Conference (CBC), Brewbound caught up with Craft ’Ohana president and COO Scott Metzger for our weekly Insider-exclusive A Round With Q&A series. Metzger shook up CBC with a real talk chat titled “Your Brewery Is a Business, Not a Hobby.” Metzger discusses the talk, the path forward for craft brewers and how Craft ‘Ohana brands are performing.

Monster Beverage Corporation chief executive Rodney Sacks laid out a likely succession plan Thursday that will eventually see co-CEO Hilton Schlosberg taking over the role entirely, as Sacks is “considering” reducing his day-to-day duties sometime next year.

Move over domestic premiums, imports are king. Imports overtook domestic premiums in dollar sales in NIQ-tracked off-premise channels in the four-week period ending April 20, making imports the No. 1 beer segment in scans.

Craft finished Q1 with dollar sales nearly flat year-over-year (YoY), declining -0.3% in NIQ-tracked off-premise channels (total xAOC + liquor plus + convenience) through March 30, Bump Williams Consulting (BWC) reported in its first quarterly craft report for 2024.

The first round of interviews from the Brewbound Podcast On Location at the Craft Brewers Conference (CBC) in Las Vegas are here. Breeze Galindo, the director of operations on the Michael J Jackson Foundation for Brewing and Distilling, discusses the foundation’s work. Then, Icicle Brewing owner Pam Brulotte chats about her journey into the brewing industry.

Spokane, Washington-based No-Li Brewhouse has filed a lawsuit against Tilray Brands alleging that the beer and cannabis platform has infringed on its trademark for “Big Juicy” beers, according to Law360.

Molson Coors’ shipments in the Americas outpaced depletions by more than 750,000 hectoliters (more than 639,000 barrels), exceeding the company’s already inflated expectations for Q1 as it prepares for elevated summer sales, leadership shared today on a call with investors and analysts.

Beam Suntory is rebranding to Suntory Global Spirits, a move that both reflects back on the decade since the Japanese spirit giant acquired the maker of Jim Beam, as well as the company’s continued evolution into a global premium spirits and ready-to-drink competitor.

Molson Coors net sales increased +10.7% (+10.1% in constant currency) in Q1 2024, as the company continues to record volume growth from its core brands, the company reported today.

Firestone Walker is the latest top craft player to enter the non-alcoholic (NA) beer space by leveraging the brand equity of its biggest brand. 8ZERO5 blonde, an NA version of the Duvel Moortgat-owned craft brewery’s 805 flagship, will only be available in its home state of California following Labor Day.

Turiya Luzadder, a former strategic analyst for Molson Coors, has joined 3 Tier Beverages as the Chicago-based data analytics and sales consulting firm’s first chief operating officer (COO).