For the 52 weeks ending July 16, the combined malt- and spirits-based hard seltzer segment reached $4.263 billion, according to Jefferies equity research managing director Kevin Grundy. In the last four weeks, spirits-based seltzer’s share of the business has reached 9.1%. Malt- and sugar-based hard seltzers account for 90.9% of the segment – and their sales are declining.
National Beer Wholesalers Association chief economist Lester Jones joins the Brewbound Podcast to explain why he’s bullish on the beer category despite the current economic climate.
CELSIUS’ leadership believes the company’s new distribution partnership with PepsiCo will help increase its distribution footprint by around 40% over the next 12 months as the Florida-based energy drink brand eyes new channels and global growth.
As the largest hard seltzer brands cycle tough year-over-year comps, regional seltzer brands such as Boulevard Brewing Company’s Quirk Hard Seltzer are gaining traction in their home markets.
Molson Coors’ second quarter earnings report featured varied results, including volume declines, an increase in net sales per hectoliter (+7.1%) and the company’s first increase in U.S. dollar share in more than a decade.
Brewers Association (BA) chief economist Bart Watson reported last week that indicators halfway through 2022 point to growth between 4% and 5% for craft beer by the year’s end. That estimate is in line with the projection Watson made at the end of 2021, when the industry grew 8% as the on-premise channel began to reopen.
Dogfish Head co-founder Sam Calagione, Mass. Bay Brewing co-founder and CEO Dan Kenary and Craft Beer Cellar co-founder and CEO Suzanne Schalow shared how they’re approaching fourth category offerings during Brewbound Brew Talks meetup last week.
Days after upholding a $56 million jury verdict in favor of Stone Brewing, a federal judge rejected the Escondido, California-based craft brewery’s attempt to recover hundreds of millions of dollars in profits and damages from Molson Coors as part of a trademark infringement dispute over refreshed Keystone Light branding.
Several Massachusetts craft breweries have added own-premise taprooms and retail spaces to grow their brands. White Lion founder Ray Berry, Castle Island founder Adam Romanow, Medusa Brewing director of business operations Sarah Lee and Boston Beer Company senior director of local brands and taprooms Scott Hempstead shared their experiences during Brewbound’s Brew Talks meetup.
More than two years after announcing her retirement, craft brewing pioneer Carol Stoudt’s eponymous German-inspired brand will be returning to Pennsylvania draft lines in time for Oktoberfest season through a licensing partnership with Philadelphia-based Evil Genius Beer Company.
Maui Brewing had accepted defeat and was ready to move on in June when BX MT BAMF LLC – an affiliate of Anaheim, California-based Brewery X – was named the winning bidder in the auction of San Diego’s Modern Times Beer, Maui CEO Garrett Marrero told Brewbound.
