News

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.