Ready-to-drink and serve products have surpassed $10 billion dollar sales in off-premise channels in the latest 52 weeks ending July 8, representing a 7% increase compared to the previous period, according to an NIQ report released on Wednesday.
Dharma Tamm is stepping down as president of Rogue Ales & Spirits after four years at the helm of the Newport, Oregon-headquartered craft brewery. Steven Garrett, Rogue’s VP of marketing and creative, will assume the president role beginning October 1.
Monster Energy is drawing up plans for Bang. After completing its acquisition of Bang manufacturer Vital Pharmaceuticals’ (VPX) assets on July 31 for $362 million, Monster co-CEO Rodney Sacks said during the company’s Q2 2023 earnings call yesterday that it is now preparing to fully integrate its former rival into the Monster Energy system.
Industry members should “expect to see an increase in ‘change’” during fall shelf resets versus “what you have seen in the past,” Bump Williams, president and CEO of Bump Williams Consulting (BWC), wrote in the company’s “Monthly Update.”
The trickle down from Bud Light’s sales declines are beginning to materialize in its supply chain partners’ earnings. On the same day that Anheuser-Busch InBev reported double-digit declines in revenue, shipments and depletions in the U.S., Ball Corporation shared that its second quarter volumes declined -8.5% in North and Central America, which the company attributed to “customer mix, particularly in the domestic mass beer category.”
Vervet, a farm-to-can sparkling cocktail line, announced yesterday it is winding down its business after the marketing costs required to compete with the recent influx of other RTD cocktails made the business unviable.
The sales declines of Bud Light amid a conservative-led boycott led to double-digit declines in revenue, shipments and depletions in the U.S. during the second quarter for Anheuser-Busch InBev (A-B).
Before the bagpipers begin their march and the pretzel necklaces go on, Brewbound’s Brew Talks meetup will (unofficially) kick off the Great American Beer Festival weekend with conversations with industry leaders and networking.
Crooked Hammock director of brewing operations Larry Horwitz shares his vision for portfolio reinvention and why he is the “light lager whisperer.” Horwitz also offers insights into brand creation and consumer trends.
Diageo reported a 10.7% rise in net sales for fiscal year 2023, with premium-plus brands contributing 57% of overall organic net sales growth.
Craft beer off-premise dollar sales in the last four weeks (ending July 16) increased +1.2% versus the same period in 2022, according to market research firm Circana in its monthly beer report.
The fallout of Bud Light’s sales declines has led to several gains for Molson Coors in the second quarter with potentially more on the horizon. During Tuesday’s call with investors and analysts, Molson Coors president and CEO Gavin Hattersley noted that several retailers have moved up the timing of their shelf resets from the spring to the fall.
Partake Brewing has promoted chief commercial officer Evan Cohen as president to lead the Toronto-headquartered non-alcoholic beer (NA) maker through its next growth phase.
Molson Coors reported Q2 earnings results today, reporting its best quarterly brand volume trends in the U.S. since 2008, with Coors Lite, Miller Lite and Coors Banquet each recording double-digit growth.
