Off-premise dollar sales of craft beer declined -4%, to nearly $620.8 million, while case sales dipped -8.6% year-to-date through February 26 in multi-outlet and convenience stores (MULC) tracked by Circana, the market research firm formerly known as IRI.
The Consumer Price Index (CPI) for beer at home has outpaced inflation for another month in a row, increasing +7% in February 2023 compared to February 2022, according to the U.S. Bureau of Labor Statistics (BLS).
The collapse of Silicon Valley Bank (SVB) last week left at least one craft brewery scrambling heading into last weekend. Castle Island Brewing Co. found its bank accounts “completely frozen” as of Friday, as federal regulators assumed control of the bank’s operations, founder and CEO Adam Romanow told Brewbound.
New Belgium is out here makin’ news, and just like recording star Lizzo, it can all be blamed on the juice.
New England craft beer sales are outperforming national trends, Bump Williams, president and CEO of Bump Williams Consulting (BWC), shared last week during the New England Craft Brew Summit in Portland, Maine.
The latest iteration of a bill that would hike tax rates for Oregon beverage-alcohol producers was introduced in the state House of Representatives last month. House Bill 3312 (H.B. 3312) would raise taxes on beer and cider produced in the state from $2.60 per 31-gallon barrel to $33.60 per barrel by 2028 – a 1,200% increase over half a decade.
U.S. spirits exports reached a record high last year, driven by American whiskeys and buoyed by temporary halts to retaliatory tariffs, a new report from the Distilled Spirits Council of the United States (DISCUS) revealed yesterday.
For only the second time in its 43-year history, Sierra Nevada has invested in another beverage company, albeit for a minority stake. The Chico, California-headquartered craft brewery announced it has made a minority investment in Riot Energy, a Venice, California-based energy drink maker.
Dutch beer giant Heineken N.V. has yet to halt sales of some of its brands in Russia, despite promises made in March 2022, due to local bureaucracy “beyond its control,” Reuters reported.
More consumers plan to celebrate St. Patrick’s Day this year compared to 2022, according to data insights firm Numerator.
Not content to rest on Modelo’s laurels as the country’s No. 2 beer brand, Constellation aims to continue to raise consumer awareness, which increased +43% in 2022, VP of brand marketing Greg Gallagher said. “We have a ton of room to grow and we’ll have to continue to find new ways to attract more drinkers,” he said.
Jack Owoc, the controversial CEO and founder of Bang Energy maker Vital Pharmaceuticals, is out as the company’s chief executive and chief science officer, and from its board of directors, where he had served as chairman.
As craft brewery taprooms adapted to new service models during the pandemic, so did their customers. Arryved CEO Loren Bendele and product manager – guest experience Brenton Murrell join Brewbound Data Club to discuss how Arryved’s merchants are finding higher check values and tips using various service models enabled by the company’s POS technology.
The majority of craft beer consumers say they would purchase more craft if direct-to-consumer (DTC) shipping was available, according to a Harris Poll by Sovos ShipCompliant, a bev-alc compliance software company.
