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.
E-commerce convenience delivery platform Gopuff launched in New York City this week, with the promise of delivery to New Yorkers in 30 minutes.
Pandemic-driven declines and an inability to convert the space to include brewing capacity, food service and outdoor seating factored into Deschutes Brewery’s decision to shutter its Roanoke, Virginia-based tasting room later this year, executives explained yesterday.
Anheuser-Busch continues to restructure its commercial leadership team, announcing Wednesday the appointment of a new president of its AB ONE division of wholly owned distributors
A fresh slate of speakers will join the Brewbound Live business conference November 30 and December 1 in Santa Monica, California. These professionals represent all three tiers of the beer industry, including leaders of up-and-coming brands in the hard seltzer and hard tea segments.
Broomfield, Colorado-based 4NB Holdings — the parent company of 4 Noses Brewing and Wild Provisions Beer Project — has acquired Odd13 Brewing in Lafayette, Colorado, the company announced Tuesday via its social media profiles.
Truly Hard Seltzer will say g’day to a new market in February 2022. Boston Beer Company will partner with the Campari Group to bring Truly to Australia next year, the company announced today.
Bump Williams Consulting’s Dave Williams and Brian “B.K.” Krueger share insights on the state of the craft beer business in the off-premise three-quarters of the way through 2021. The conversation covers how retailers are allocating shelf space, packaging trends including 19.2 single-serves and variety packs, the focus coming to the hard seltzer space and much more.
Retail sales of Boston Beer Company’s Truly Hard Seltzer continued to increase in Q3, to an estimated +51% year-over-year, according to a recent “Beverage Bytes” retailer survey by Goldman Sachs analyst Bonnie Herzog.
Deschutes Brewery will close its tasting room in Roanoke, Virginia, at the end of the year, Michael LaLonde, president and CEO of the Bend, Oregon-headquartered craft brewery, announced today. LaLonde wrote that Deschutes “made the tough decision not to renew our lease” on the property, which opened in August 2017.
Massachusetts lawmakers are considering doubling the commonwealth’s excise tax on beer, wine and spirits. The bill proposes increasing the state excise tax rate for malt beverages (including flavored malt beverages and sugar-based hard seltzers) from $3.30 per barrel to $6.60 per barrel.
Beverage producers have faced an unending onslaught of supply chain challenges in 2021. With three months left in the year, how should breweries and beverage companies be planning for 2022? The leadership team from Agrowgate, a firm focused on helping mid-sized beverage companies navigate procurement and supply chain issues, joins Brewbound Frontlines to discuss the issues now facing beverage makers and strategies for working through them.
