CGA: On-Premise Sales Velocity -2% Nationwide

CGA: On-Premise Sales Velocity -2% Nationwide

Nationwide on-premise sales have flattened after a slight downward tick, market research firm NIQ’s on-premise data arm CGA reported. Sales velocity declined -1% in the week ending September 30 and remained flat in the week ending October 7, CGA reported.

Bump Williams Consulting: Craft Off-Premise Growth Flat Thru Q3, Winning in Convenience

Bump Williams Consulting: Craft Off-Premise Growth Flat Thru Q3, Winning in Convenience

Scan data through Q3 showed a “slightly more promising outlook for craft,” according to Bump Williams Consulting (BWC) in the firm’s quarterly craft report. Craft dollar sales growth in NIQ-tracked off-premise channels (total U.S. xAOC + liquor plus + convenience) is now flat year-to-date (YTD) through September 30.

Passion Tree Hard Seltzer Launches Mini Cans in Target Stores

Passion Tree Hard Seltzer Launches Mini Cans in Target Stores

Aiming to appeal to consumers looking to moderate their consumption, Southern California-based Passion Tree Hard Seltzer rolled out “mini” 7.5 oz. cans in a variety 10-pack and two single-flavor 6-packs this week in Target stores across California, Florida, Texas, New York and Illinois.

Coca-Cola, Pernod Ricard Team For Absolut-Sprite RTD Cocktail

Coca-Cola, Pernod Ricard Team For Absolut-Sprite RTD Cocktail

The Coca-Cola Company is taking another step into the beverage alcohol market, announcing today the launch of a global partnership with spirits conglomerate Pernod Ricard to introduce Absolut Vodka & Sprite as a ready-to-drink pre-mixed cocktail in 2024.

Goldman Sachs Report from NACS: Monster ‘All-In on Alcohol,’ Bud Light ‘Stabilizing,’ Twisted Tea Out Front

Goldman Sachs Report from NACS: Monster ‘All-In on Alcohol,’ Bud Light ‘Stabilizing,’ Twisted Tea Out Front

Monster Energy is “all-in on alcohol” and “thinks it could be big for them by 2025,” according to Goldman Sachs equity analyst Bonnie Herzog’s report from the National Association of Convenience Stores (NACS) trade show. The energy drink maker, which entered beverage-alcohol with the acquisition of CANarchy in January 2022, displayed its forthcoming hard tea, Nasty Beast Hardcore Tea during the show, Herzog wrote.

Brewbound Podcast: Schilling Cider is ‘Excidered’ for National Cider Month

Brewbound Podcast: Schilling Cider is ‘Excidered’ for National Cider Month

Co-founder and CEO Colin Schilling, CCO Eric Phillips and EVP of marketing Rachel Thomas join the Brewbound team to discuss the cidery’s participation in National Cider Month, as well as its debut at the Great American Beer Festival and a retail activation with Whole Foods.

Beer Institute: August Domestic Tax Paid Shipments -5.1%

Beer Institute: August Domestic Tax Paid Shipments -5.1%

Domestic tax paid shipments from U.S. breweries continued their six-month streak of declines, with a -5.1% dip in August 2023 compared to August 2022, the Beer Institute (BI) reported, citing numbers from the Alcohol and Tobacco Tax and Trade Bureau (TTB).