Craft Brew Alliance (CBA) today reported second quarter earnings results, which were highlighted by a 9 percent increase in Kona depletions. But Kona’s continued depletion growth – which CBA executives have repeatedly touted as a mainstream, crossover brand that sources volumes from the craft and import segments – couldn’t completely offset ongoing declines of Widmer Brothers and Redho
Add Karl Strauss Brewing Company to a small but growing list of craft breweries expanding beyond self-distribution and into broader beer wholesaling. In an effort to help smaller craft players gain better access to thousands of bars and restaurants, Karl Strauss is boosting its portfolio to include a “select group” of local beer products, according to Mark Weslar, the company’s vice president of marketing. Black Plague Brewing Company and Benchmark Brewing Company are the first two companies to sign with Karl Straus
Molson Coors today reported its second quarter earnings results, which were highlighted by a 2.3 percent increase in global brand volumes, to 26.4 million hectoliters.
A group of Wisconsin lawmakers today introduced the first in a series of legislative actions aimed at modernizing the state’s three-tier system.
Growth for U.S. craft beer companies is the slowest it’s been in 13 years, according to a new report from the Brewers Association (BA), a trade group representing small and independent brewers. The BA today reported that production at small and independent craft breweries – those companies that are less than 25 percent owned by a non-craft brewer and produce fewer than 6 million barrels of “traditional” beer annually – was up just five percent midway through 2017.
In this edition of Press Clips: Heineken reports earnings; Buffalo Wild Wings explores beer delivery; Indiana lawmakers review Prohibition-era laws; and more.
On the latest edition of Taste Radio, a weekly podcast for beverage, food and beer professionals produced by BevNET.com, Owl’s Brew co-founder Jennie Ripps discussed how the ZX Ventures investment came to be and explained what it’s like to work alongside the world’s largest beer company. “As an entrepreneur — as a founder — the idea of having more resources, a bigger platform, a partner that’s bigger to associate with is incredibly exciting,” she told BevNET founder and CEO John Craven, who hosted the interview alongside BevNET managing editor Ray Latif.
An already competitive craft beer scene in Chicago is about to get even more crowded. Constellation Brands – a beer, wine and spirits producer that makes popular import beer labels such as Corona, Pacifico and Modelo — yesterday announced plans to open a Ballast Point outpost in Chicago early next year.
In this week’s Last Call: Alcohol suppliers agree to pay millions in penalties in Pennsylvania; Total Wine scores a win in Massachusetts; Dixie Brewing announces plans to return to New Orleans; and BrewDog declares Australian interest.
Colorado beer, wine and spirits wholesaler Breakthru Beverage has consolidated its four Aurora-based locations into a new 647,500 sq. ft. facility on the east side of Denver.
After revenue and depletions declined 14 percent during the first quarter of 2017, Boston Beer Company rebounded in Q2, today reporting revenue growth of 1 percent and depletion decreases of just 3 percent versus the same period a year ago. In a press release, the company – which makes Samuel Adams beer, Angry Orchard Hard Cider, Twisted Tea, Truly Spiked & Sparkling seltzers and other offerings — said it sold nearly 1.1 million barrels of product during the 13-week period ending July 1, 2017. The company sold about the same amount of liquid during the second quarter of 2016.
Anheuser-Busch InBev today reported its second-quarter and half-year earnings results, outlining global revenue growth of 5 percent in Q2 despite continued challenges in the U.S., the company’s largest individual market.
Brooklyn Brewery, along with California’s 21st Amendment (21A) and Colorado’s Funkwerks today announced the establishment of a combined sales team, which will be led by Brooklyn vice president of business development Dave Duffy.
Michigan-based Short’s Brewing said today it would sell a 20 percent equity stake to Lagunitas U.S. Holdings (LUSH), a wholly owned subsidiary of Heineken International. A sale price was not disclosed, but brewery partner Scott Newman-Bale, who spoke to Brewbound following the announcement, said the multiple exceeded 15X EBITDA (earnings before interest, taxes, debt and amortization).
