News

The beverage alcohol division of Canadian cannabis giant Tilray grew revenue +117%, to $46.5 million, in the second quarter of the company’s fiscal year compared to the same quarter last year, the company reported Tuesday. However, the division’s gross margin declined -13% year-over-year (YoY), to 34%, in the quarter, driven by Tilray’s acquisition of eight… Read more »

In the midst of Dry January, leading non-alc (NA) retailer Boisson has announced it is shifting its model to expand its wholesale business.

For the second time, New Jersey craft breweries are a signature away from having a stringent set of restrictions on their taproom operations removed.

Both houses of the state Legislature passed Senate Bill 4265 and Assembly Bill 5912, which would allow craft breweries to host “an unlimited number of on-premises special events and private parties.”

Longtime Allagash Brewing sales director Naomi Neville will depart the Portland, Maine-headquartered craft brewery in early February after more than 14 years. With Neville’s impending exit, Allagash has promoted Josh Fruchtman to sales director.

A look back at last week’s top stories … with gifs.

Constellation Brands has raised its full-year operating income guidance for its beer brands to +7% to +8% (previously +6% to +7%), following another quarter of shipments and depletions growth, the company reported today in its Q3 earnings results.

Japanese brewing giant Asahi announced it has struck a deal to acquire Waunakee, Wisconsin-based contract brewer Octopi Brewing.

Matagrano, an independent South San Francisco-based Anheuser-Busch distributor, has inked a deal to acquire Bottomley Distributing, which services Silicon Valley and the South Bay Area.

We checked in with a data analyst, consultant and major retailer buyer on the drivers they are watching in 2024, including what investors will be looking for, where there might be white space in hot categories, and how retailers are making buying decisions.

The “misalignment” of growth strategies across the supplier, wholesaler and retailer tiers will continue to be a problem for bev-alc in 2024, according to Bump Williams in the first Bump Williams Consulting (BWC) Monthly Industry Update of the year.