Due to the “greater than expected continuing decline in demand in the hard seltzer category,” Boston Beer Company has “reduced” its fiscal year 2022 volume and earnings guidance, founder and chairman Jim Koch said in a press release announcing the company’s Q2 2022 results.
Non-alcoholic beer, the convenience channel and imports are three bright spots in the beer business for the second quarter of 2022, according to bev-alc data firm 3 Tier Beverages. In this new quarterly series – 3 Up, 3 Down – Stephanie Roatis, 3 Tier consultant, product team, identifies three winners and three losers across bev-alc scan data.
Simply Spiked – the hard lemonade Molson Coors launched this summer in partnership with Coca-Cola – has taken the FMB corner of the bev-alc world by storm. Joy Ghosh, VP of marketing for above premium brands and FMBs at Molson Coors, joins the Brewbound Podcast to discuss the company’s launch strategy, new campaigns and plans… Read more »
Brewbound’s next Brew Talks in-person meetup is less than a week away. The conversation and networking series will roll into the Samuel Adams brewery in Boston’s Jamaica Plain neighborhood on Wednesday, July 27, with two high-level, business strategy-focused discussions, plus an overview of the issues facing Massachusetts craft breweries. Tickets are still available, with some of the proceeds going to the Massachusetts Brewers Guild.
Flying Embers, a Ojai, California-based hard kombucha and hard seltzer-maker, continues to explore “fourth category” beverage alcohol.
Lagunitas is undergoing a brand refresh to bring more of a billboard effect to retail shelves and increase brand awareness across its portfolio. Although there have been tweaks here and there to designs over the years, this marks the first global packaging redesign for the brand.
Two and a half years after selling Detroit-based Atwater Brewing to Molson Coors and seven months following his exit from the brewery, Mark Rieth is diving back into the beverage industry with FÜL Beverage, a family of non-alcoholic beers and functional drinks.
When Los Angeles-based Jiant launched its hard kombucha in the summer of 2019, the company had three full time employees, including its co-founders, Larry Haertel Jr. and Aaron Telch.
Beer category (beer, FMBs, sugar-based hard seltzer, and cider) dollar sales increased +2.9% in off-premise retailers during the two-week period covering the July 4 holiday (ending July 9) compared to the same timeframe in 2021, market research firm NielsenIQ reported.
Multi-state Pacific Northwest wholesalers Craig Stein Beverage (CSB) and the Odom Corporation have announced an impending merger of their businesses in parts of Washington, Idaho and Oregon. The deal, announced last week, will combine Odom’s territory in eastern Washington and northern Idaho with CSB’s territory in southern Idaho, eastern Oregon and southwestern Washington.
With Stone Brewing’s sale to Sapporo expected to close in August, the Escondido, California-headquartered craft brewery has promoted Nicole Williams and Robert Kuntz to lead brewing operations at its bi-coastal facilities in Escondido and Richmond, Virginia.
Off-premise dollar sales of craft beer have declined -7.4% for the first half of 2022 compared to last year, according to NielsenIQ data analyzed by Bump Williams Consulting (BWC). “Rate of decline has slowed a bit in Q2 (-6.4%) vs. Q1 (-8.5%), but the fact of the matter is that sales overall remain in the red, while several other segments have started to show signs of life,” BWC wrote.
What could the sale of a long fiercely independent craft brewery to a global brewing giant mean for consumer sentiment?
Boonville, California-based Anderson Valley Brewing Company (AVBC) will expand to Louisiana with craft house Pelican Craft Brands, the brewery announced this week. Pawtucket, Rhode Island-based Foolproof Brewing signed with Mission Beverage for distribution in its home state last month.
