Pointing to on-premise closures and capacity restraints due to the COVID-19 pandemic, Molson Coors Beverage Company posted net sales declines for both the full year and the fourth quarter of 2020.
Did this year’s crop of Super Bowl beer commercials score or fumble? This week’s Brewbound Podcast dives into beer ads during Super Bowl LV with Ad Age assistant managing editor E.J. Schultz. Rabobank analyst Bourcard Nesin also stops by to discuss Uber’s $1.1 billion deal to acquire Drizly.
Several beverage alcohol trade groups are speaking out against a bill that would grant the U.S. Postal Service the ability to ship beer, wine and spirits.
Brooklyn Brewery sold its international brand rights in Europe and parts of Asia to long-time collaborator Carlsberg for around $130 million last year. The Danish multinational beer manufacturer reported the June acquisition of Brooklyn’s brand rights within its 2020 annual report.
In reporting full-year 2020 earnings today, Heineken NV announced plans to cut its global workforce by 8,000 full-time employees as part of a reorganization plan first announced in October. Heineken, the world’s second largest beer manufacturer, also recorded several impairment charges totaling more than $1.1 billion (€963 million) to “tangible and intangible assets in operating profit.”
A new version of the Restaurants Act, which would provide $120 billion in grants to bars and restaurants, was introduced in both the U.S. Senate and House of Representatives on February 4. The bill now includes “brewpubs, tasting rooms, taprooms, and licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products,” the Brewers Association said.
Stella Artois lager will no longer be imported from Europe into the U.S. by the end of the year, Anheuser-Busch InBev announced today. The world’s largest beer manufacturer will move production of its biggest import brand to its U.S. facilities as part of a $1 billion investment the company is making in its U.S. operations over the next two years.
On-premise beer sales during Super Bowl LV were as depressed as Kansas City Chiefs fans after their team’s loss to the Tampa Bay Buccaneers. Beer volumes declined 46% compared to Super Bowl LIV, according to BeerBoard, which tracks draft sales at bars and restaurants across the country. “This is on pace with the average decline… Read more »
American consumers spent $89 billion on beer, wine and spirits at off-premise retailers last year, marking a $13.5 billion increase over 2019 beverage alcohol sales, according to market research firm Nielsen IQ.
CANarchy-owned Deep Ellum Brewing and Oskar Blues are now selling beer-to-go in Texas after a federal judge sided with the company in a legal dispute with the state’s regulatory agency.
The Brewers Association (BA) is urging the Can Manufacturing Institute (CMI) to ensure that small and independent craft brewers have access to aluminum cans amid the years-long inventory crunch beverage producers are now facing. In a letter to the CMI, BA president and CEO Bob Pease painted a dire picture for the nation’s nearly 8,400 craft brewers. “These businesses will simply not survive that long without cans,” he wrote.
Stone Distributing Company teased a move to a larger distribution center last week. The distribution arm of San Diego’s Stone Brewing Company today officially announced the move of its operations to the former Markstein Beverage Co. warehouse in San Marcos.
On the latest edition of Brewbound’s Data Club series, Bump Williams Consulting’s Dave Williams and Brian “BK” Krueger break down the growth beyond beer offerings and discuss the opportunities for brewers in these spaces.
Did the pandemic really cause a bump in sales of so-called tried and true flagship brands in 2020? Not really, writes Brewers Association chief economist Bart Watson in his latest members’ only column.
