Short’s Brewing Announces Third Quarter Line Up
Hot on the heels of their first ever non-alcoholic release (a sparkling lemon-lime hop water, made in collaboration with Billy Strings) Short’s is keeping summer awesome for the next three months.
News
Craft beer industry news.
May 2022 Domestic Tax Paid Beer Shipments -2.2%
U.S. beer shipments declined -2.2% in May 2022, to an estimated 14.6 million barrels, according to the Beer Institute, citing the latest domestic tax paid shipment estimates shared by the Alcohol and Tobacco Tax and Trade Bureau (TTB).
Constellation Brands’ Beer Depletions +8.7%, Shipments +17%; Board Approves Sands Family’s Plan to Reduce Voting Control
Constellation’s beer depletions increased +8.7%, while shipments grew +17.3%, to 99.5 million case equivalents during the first quarter of its 2023 fiscal year, the company reported today. Net sales increased +21%, to more than $1.898 billion, with gross profit of more than $1 billion (+14%). The beer business’ operating income also increased +13%, to $762.8 million.
HAAS Releases Kettle Redi
John I. Haas, Inc. announces the global release of their newest innovative product, Kettle Redi. This product provides light stability, smooth bittering, and hop aroma characteristics to beer while offering microbiological protection during the brewing process.
Brewbound Podcast: The Week in Brewery M&A; Plus, New Belgium & Bell’s DEI Director Courtney Simmons
The Brewbound team discusses the pending sale of Stone Brewing to Sapporo and the auction sale of Modern Times to an affiliate of Brewery X. This week’s featured guest is Courtney Simmons, diversity, equity and inclusion director for New Belgium and Bell’s.
Reyes and Seismic Come to Amicable Resolution on Antitrust Lawsuit, Plan to Work Together
Reyes and Seismic Come to Amicable Resolution on Antitrust Lawsuit, Plan to Work Together
Goldman Sachs: ‘Incrementally More Negative’ on Boston Beer Outlook, Predict -5% to +1.3% Shipment and Depletion Growth in 2022
Goldman Sachs’ pessimism for Boston Beer Company’s 2022 sales performance and the company’s ability to reach its 2022 guidance continues, with analyst Bonnie Herzog downgrading Boston Beer to a “sell” rating in the financial services firm’s June Beverage Bytes retailer survey.
Craft Standard Revolutionizes Cocktails with Ready-To-Draft Kegs
In recent years, the U.S. has seen an explosion in consumer interest for cocktail culture, but on-premise has struggled to capture this opportunity and offset the losses from declining draft beer sales. The ready-to-draft craft cocktail mix keg from Craft Standard, developed over the last seven years, has solved this problem, enabling venues to efficiently serve high-quality, delicious, classic cocktails at scale, and take advantage of empty tap lines across the U.S.
Melvin Brewing Seeks ‘Strategic Partner,’ Explores Possible Sale of Company
Another craft brewery is exploring a potential sale of the company. Melvin Brewing announced today it is seeking “a strategic partner” to “support and assist with current growth initiatives,” a process that could lead to the sale of the Alpine, Wyoming-based craft brewery.
Onda Tequila Seltzer Receives Significant Growth Investment From Existing Investors
Onda, a leading brand of tequila seltzer, has received a $12.5 million growth investment led by the company’s existing investors, Aria Growth Partners and beverage industry veteran Clayton Christopher.
Boston Beer’s Bevy Long Drink Ends its Short Run
The life of Bevy Long Drink, Boston Beer’s malt-based foray into the Finnish long drink segment, won’t be very long after all. The company has discontinued the brand, which it launched in 20 test markets late last year and expanded nationwide earlier this year.
Brewbound Data Club: IRI on the State of the Beverage-Alcohol Industry Halfway Through 2022
Halfway through 2022, the beverage-alcohol industry is facing an unending wave of headwinds. Scott Scanlon, EVP of market research firm IRI’s beverage-alcohol vertical, shares the firm’s mid-year report card for the bev-alc industry. Scanlon strikes an optimistic tone for the beer category for the rest of 2022.
Tap Hopper, LLC Now the Premier Stocking Distributor for Roberts Polypro Craft-Pak Handles
Tap Hopper Canning, LLC is pleased to announce its first official distribution relationship with Roberts Polypro manufacturing for their Craft-Pak handles manufactured locally in Charlotte, NC. Craft-Pak™ 4-pack and 6-pack standard format 211 can carriers were introduced in 2017 by Roberts PolyPro in 2017 Craft-Pak™ and have steadily grown in popularity.
LUKI Brewery Celebrates Two-Year Anniversary July 15-17 with Magic and Mysticism Themed Soiree
LUKI Brewery proudly welcomes everyone to attend their two-year anniversary celebration July 15-17.