In the latest installment of Brewbound’s A Round With – a weekly Insider-exclusive Q&A series with industry leaders – Julie Rhodes, founder and principal of Not Your Hobby Marketing Solutions, shares her best advice for navigating craft’s turbulent waters, balancing competing priorities… and surviving CBC.
Constellation Brands capped another strong year for its beer business with full-year net sales growth of +9% for its beer brands, hitting the top end of the company’s +8% to +9% growth expectations for fiscal year 2024, company leadership shared Thursday.
The Consumer Price Index (CPI) for beer at home lagged behind overall inflation in March 2024, the U.S. Bureau of Labor Statistics (BLS) reported this week.
Constellation Brands is expected to be the biggest winner in shelf resets this spring, according to the most recent Beverage Bytes beer distributor survey by Goldman Sachs.
America’s No. 1 cocktail is… still No. 1. The margarita retained a fifth of all cocktail sales on-premise in the last quarter of 2023.
At Brewbound Live in Marina del Rey, CA on December 11 + 12, beer and beverage-alcohol brands can participate in retailer one-to-ones. Leaders from Whole Foods Market will be available for private, pre-scheduled meetings. Brands will be selected at each retailers’ discretion.
This week’s Brewbound Podcast features a 3-pack of conversations from the California Craft Beer Summit, featuring the founders of Topa Topa, Match Point Brewing and That’s Delicious Financials. The Brewbound team also reviews the latest headlines and talks $1,300 bev-alc fridges.
Beer industry veteran Carlos Alvarez, who founded the Gambrinus Company and was the first to import Corona Extra to the U.S., died this week. Beer Business Daily first reported the news this morning, citing an internal message at the brewery, and other outlets, including the San Antonio Express-News, followed.
A pair of Iowa breweries have started a collective, while maintaining independent ownership. Backpocket Brewing in Coralville and SingleSpeed Brewing in Waterloo have linked up under the Parallel Brewery Collective umbrella. As of mid-February, the breweries are working under a shared-service agreement, with a shared sales team now offering both breweries’ portfolios, and are working together on supply chain procurement.
Craft’s performance in the grocery channel continued to lag behind the overall category, as both dollar sales (-1.9%) and volume (-2.9%) declined in the four-week period ending March 24, according to market research firm Circana’s monthly report.
Fewer displays in beverage-alcohol, notably in premixed cocktails, beer and cider, should be considered a warning sign for suppliers, according to a new report from Circana. The market research firm’s “State of the CPG Beverage Alcohol Industry” report explores factors driving demand and identifies key growth opportunities in the bev-alc market.
Tilray’s August 2023 acquisition of eight craft brands from Anheuser-Busch InBev (A-B) has boosted the Canadian cannabis company’s beverage-alcohol net revenue +165% year-over-year (YoY), it reported today.
Craft beer dollar sales declined -1.2% year-over-year (YoY) in Circana-tracked off-premise channels (total U.S. multi-outlet + convenience) in the four-week period ending March 24, according to the market research firm’s monthly report.
Anheuser-Busch InBev (A-B) and Tilray Brands are being sued in federal court by CraftCanTravel LLC (CCT) for allegedly interfering with the New York-based export company’s exclusive rights to export the former Craft Brew Alliance (CBA) portfolio of brands, including Kona Brewing, “to most of the world.”
