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Craft beer industry news.

Constellation Brands Net Sales +11%, Shipments +8.8%, Depletions +8.9% in FY 2022

Constellation Brands Net Sales +11%, Shipments +8.8%, Depletions +8.9% in FY 2022

Constellation Brands’ beer business recorded an +11% increase in net sales growth, to $6.75 billion, for the company’s 2022 full fiscal year. FY 2022 marked the company’s 12th consecutive year of volume growth, with +8.8% shipments (sales to wholesalers) growth and +8.9% depletions (sales to retailers) growth – amounting to an additional 30 million case equivalents, CEO Bill Newlands said during a conference call with investors.

Resolute Brewing Company Partners with Non-Profit to Raise Money for Parents

Resolute Brewing Company announced that the brewery will partner with Arapahoe County Early Childhood Council (ACECC) for a month-long fundraiser and a limited glass release event to raise money for the “Parents as Teachers” program, which provides resources to parents to help get kids ready for school.

Paulaner USA Rolls Out New Munchner 12-pack

Paulaner USA, the U.S. importer of the legendary Paulaner Brewery portfolio and other premium beverage alcohol brands, announces the release of its popular Paulaner Münchner Lager now available in a convenient new 12-pack.

Brewbound Podcast: Funkytown Brewery on Expanding Craft Communities

Brewbound Podcast: Funkytown Brewery on Expanding Craft Communities

This week, the Brewbound team reunited with Rich Bloomfield, Greg Williams and Zach Day, co-founders of Chicago-based Funkytown Brewery and winners of Brewbound Live 2021’s Pitch Slam. The Funkytown Team discussed what they’ve been up to since the Pitch Slam win, what they’ve learned about the brewing industry since launching last year, and the roadblocks they’ve faced trying to bring craft beer to underserved communities in Chicago.

Modern Times Expects to be Sold Via ‘Court-Ordered Receivership Sale’

Modern Times Expects to be Sold Via ‘Court-Ordered Receivership Sale’

Modern Times Beer’s bank has “commenced litigation” that is expected to “result in a court-ordered receivership sale” of the San Diego-headquartered craft brewery, according to a blog post on Modern Times’ website.