People Moves: Modern Times Scales Back Taproom Staff; North Carolina Guild Director Departs
In the latest round of People Moves: Modern Times scales back its taproom staff; North Carolina’s guild director departs; and more beer company changes.
In the latest round of People Moves: Modern Times scales back its taproom staff; North Carolina’s guild director departs; and more beer company changes.
Boston Beer Company’s return to growth continued for a second consecutive quarter. The company — which makes the Samuel Adams, Angry Orchard, Twisted Tea, and Truly Spiked & Sparkling products — yesterday reported its second-quarter earnings results, which were highlighted by a 10.2 percent increase in net revenue to $273.1 million. For the 26-week period ending June 30, Boston Beer’s net revenue was up 13.2 percent, to $463.6 million.
In a conversation with skateboarders Mikey Taylor and Eric Bork, who host the recently launched AVNI Interviews podcast featuring entrepreneurs and influencers, Saint Archer Brewing co-founder Josh Landan opened up about the process of starting, scaling and eventually selling the San Diego-based craft brewery to MillerCoors. Landan, who revealed that he initially raised $2.8 million to launch the brand in 2013, shared a bevy of anecdotes from the days before Saint Archer was established, and elaborated on the circumstances that led to his departure from MillerCoors in the months following the sale.
Halfway through 2018, Anheuser-Busch InBev’s global revenues are up 4.7 percent despite continued shipment and depletion declines in the U.S. A-B, the world’s largest beer manufacturer, posted global revenue growth of 4.7 percent, to more than $14 billion, as revenue per hectoliter increased 4 percent during the second quarter of 2018. A-B also announced several organizational changes, including moving its “global growth and innovation team,” ZX Ventures, and its marketing department “under a common global lead.”
As the craft landscape has become increasingly competitive and as growth has slowed, some craft brewers are beginning to alter their approaches to expansion. While some companies have restructured their sales and marketing teams and laid off employees, others are starting to reexamine their brick-and-mortar strategies. Take the divergent paths of Other Half Brewing Company in Brooklyn and Renegade Brewing Company in Denver, for example.
Blue Moon inventor Keith Villa, who retired from MillerCoors in January after a storied 32-year career, isn’t leaving the beer business after all. Much of the press following his departure from the country’s second-largest beer company centered around the launch of Ceria Beverages, a startup focused on releasing a line of non-alcoholic craft beers containing THC. At the same time, however, Villa and his wife, Jodi, had quietly launched Donavon Brewing Company in their hometown of Arvada, Colorado.
Another longtime Ninkasi Brewing executive has left the building. In an email to Brewbound, Ninkasi co-founder and CEO Nikos Ridge confirmed that CFO Nigel Francisco left the Eugene, Oregon-based craft brewery in June, after about a decade, in order to pursue a similar role with King Estate Winery, which is also located in Eugene. In an unrelated move, the craft brewery also laid off three employees in the marketing and communications departments, Ridge confirmed.
Bell’s Brewery is marching toward a national distribution footprint. The Michigan-based brewery yesterday announced plans to expand distribution to the craft beer soaked state of Colorado. In a press release, the company said it had signed with six wholesalers for coverage throughout Colorado beginning this fall.
In this week’s edition of Last Call: In-state sales are on the rise in Michigan; Baderbrau is set for an August auction; another round of brewery closures hit in Colorado, California and Georgia; and more beer industry news.
Want to know what a craft beer drinker looks like in America? According to Nielsen, a weekly craft drinker is predominantly male, ages 21-34, and makes between $75,000 and $99,000 annually. Although that’s the profile of a frequent craft drinker, opportunities exist to reach a more diverse group of consumers, according to the research firm, which today shared the results of its fourth annual Craft Beer Insights Panel (CIP) survey, conducted by Harris Poll and commissioned by the Brewers Association (BA).
While many of the country’s largest and most established craft breweries struggle to grow sales in 2018, at least one longtime player is bucking category-wide trends. Delaware’s Dogfish Head, which launched in 1995 and was ranked by industry trade group the Brewers Association as the 12th largest U.S. craft brewery in 2017, is on pace to grow about 8 percent this year, brewery co-founder and CEO Sam Calagione told Brewbound.
A growing number of Boston-area beer companies have turned to pop-up beer gardens in an effort to engage consumers during the summer months. Despite an array of outdoor options for drinkers to grab a beer on a hot summer day, Boston-area craft brewery Night Shift still sees opportunity to expose local consumers to its brands.
Boston Beer Company chief marketing officer Jon Potter will depart the country’s second-largest craft brewery at the end of the month, the company disclosed in an SEC filing issued yesterday. Potter, who joined the beer, cider and flavored malt beverage producer in August 2016, is credited with engineering the company’s “Fill Your Glass” advertising campaign that debuted during last year’s Major League Baseball World Series.
Canarchy Craft Brewery Collective has finalized its second deal in as many months, today announcing the acquisition of Los Angeles-based Three Weavers Brewing Company. Specific financial terms of the transaction were not disclosed, but Three Weavers co-founder Lynne Weaver described the deal with the Fireman Capital-backed brewery rollup as a “strategic partnership” that would put her company in a better position to “weather any possible economic storms.”