Anheuser-Busch InBev’s U.S. shipments and depletions both declined -4.7% in the third quarter of 2021, the company reported today. The declines were “driven by a lower industry, segment shift and supply chain disruptions resulting in out-of-stocks,” the world’s largest beer manufacturer wrote in a press release detailing its third quarter earnings.
Molson Coors Beverage Company CEO Gavin Hattersley opened today’s third quarter earnings call by reciting what he said are the seven “headlines” of the company’s last three months.
Launching a brewery typically takes years of building a network, creating a consumer base, and experimenting with products. At Pilot Project — a Chicago-based brewery incubator — the process takes about three months.
A Pennsylvania bill that would require beer sold at in-state taprooms that are owned by out-of-state companies to either be brewed onsite or sold through a Pennsylvania wholesaler is one step closer to becoming law.
On the heels of the Distilled Spirits Council of the United States’ annual convention in Austin, Chris Swonger, the trade group’s president and CEO, joins the Brewbound Podcast to discuss the growth of ready-to-drink spirits-based canned cocktails, and the organization’s efforts to even the tax rates for RTD products with beer, as well as efforts to add direct-to-consumer sales privileges and much more.
Aiming to expand outside of the Midwest, Wisconsin-based craft brewery Sprecher Brewing Co. has acquired the brand portfolio of regional soda maker WIT Beverage Co. (WBC) for an undisclosed sum.
The agenda for this year’s Brewbound Live business conference is now available and features a variety of insightful discussions, data-driven presentations and networking opportunities.
Anchor Brewing and the city of San Francisco have partnered on a water reuse project that will allow the brewery to both save water and recycle 20 million gallons of it each year.
Draft beer sales volume declined -6.6% nationwide during the weekend of October 21-24, compared to the weekend of October 7-10, according to BeerBoard, which tracks draft sales at on-premise retailers across the country. Of the 10 key markets BeerBoard highlights in its reports, South Carolina (-11.1%) saw the steepest decline in volume, followed by Texas (-10.5%), Florida (-8.3%), Illinois (-7.7%), Minnesota (-7.3%), Nevada (-6.7%), and Georgia (-4.2%).
Madison, Wisconsin’s Ale Asylum will continue under new ownership, with no interruption in production or brewpub operations, the Wisconsin State Journal reported.
Fast-growing non-alcoholic craft beer maker Athletic Brewing Company has hired Andrew Katz to serve as the company’s first chief marketing officer.
In an op-ed she wrote in support of paid family leave for small businesses, Switchyard Brewing Company co-founder Kristin Cummings wrote that the company has strived to “offer better benefits and a better work-life balance” to its workforce. Voting has started for the Brewers Association’s (BA) board of directors election and ends November 17.
As headwinds hit the hard seltzer segment, Boston Beer Company executives reiterated their confidence in Truly Hard Seltzer’s ability to perform during a conference call to discuss the company’s third quarter earnings with investors and analysts on Thursday evening.
Boston Beer Company’s second quarter earnings call in July set the stage for a tumultuous third quarter that saw the company pull its financial guidance and anticipate write-off costs related to excess hard seltzer inventory, which was followed by a rush of investor lawsuits. Although the Q2 earnings report left analysts flummoxed and disappointed, the company’s third quarter earnings report came with less of a jolt but more of the residual sting of the slowdown in hard seltzer growth and lowered expectations.
