Boston Beer Q3 Shipments -2.5%, Depletions -6%

Boston Beer Q3 Shipments -2.5%, Depletions -6%

Boston Beer Company has updated its full-year guidance following its Q3 earnings results, with slightly more pessimistic expectations for the year.

Brewbound Podcast: Bernstein Analysts on Ozempic’s Effect on Bev-Alc Consumption

Brewbound Podcast: Bernstein Analysts on Ozempic’s Effect on Bev-Alc Consumption

Bernstein Autonomous analysts Nadine Sarwat and Trevor Stirling share what they know so far about Ozempic, Wegovy and other diet/diabetes drugs’ effect on alcoholic beverage consumption. Sarwat and Stirling break down why these drugs have entered popular culture conversations, what users are saying about their cravings, comparisons to past diet trends and much more.

FTC Seeks Enforcement of Investigative Demand Against Total Wine

FTC Seeks Enforcement of Investigative Demand Against Total Wine

The Federal Trade Commission (FTC) and national bev-alc retailer Total Wine & More are at odds over the chain’s participation in the government agency’s investigation of multi-state wine and spirits wholesaler Southern Glazer’s Wine & Spirits.

C-Stores: Slower Q3 Sales Leads to Mixed Year-End Outlook

C-Stores: Slower Q3 Sales Leads to Mixed Year-End Outlook

Beverage sales in the convenience channel remained “healthy” in Q3 2023, up +4.4%, despite decelerating from stronger +6.6% growth in Q2, according to the latest Beverage Bytes survey of retailers conducted by Goldman Sachs Equity Research.