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Southern Glazer’s Wine & Spirits’ ambitions for Anheuser-Busch InBev’s portfolio aren’t limited to New York. The wine and spirits juggernaut has struck another deal for a red network distributor, this time for the assets of Eagle Rock Distributing Co. in Colorado.
Molson Coors has struck a deal to acquire spirits-based, ready-to-drink (RTD) cocktail pioneer Atomic Brands, whose Monaco Cocktails entered the then-nascent space in 2012. The deal should come as no surprise, as it aligns with Molson Coors’ goals to expand its beyond beer portfolio, part of the Horizon 2030 plan CEO Rahul Goyal outlined earlier this year.
A pair of big red network distribution deals were announced in the last 24 hours. Anheuser-Busch InBev has agreed to purchase the distribution rights of its brands, as well as “certain craft/NA brands,” from Advance Beverage Company in Bakersfield, California. Meanwhile, Southern Glazer’s Wine & Spirits inked a deal for independent A-B distributor Clare Rose on Long Island.
Production at craft breweries outside of the Brewers Association’s (BA) craft brewer definition collectively declined -6% on a comparable basis, to nearly 7.6 million barrels in 2023, according to data shared in the May/June edition of the New Brewer Magazine.
Monster Brewing Company is shuttering Deep Ellum Brewing’s taproom and shifting production from its Dallas facility to the company’s other breweries.
Teamsters have voted to ratify a contract with Molson Coors, ending a more than three-month-long strike at the major brewer’s Fort Worth, Texas, facility.
Sapporo-Stone Brewing Co. unveiled a $60 million expansion plan yesterday that will double the company’s annual capacity to about 700,000 barrels.
Boston Beer Company emerged with a “buy” rating following the results of financial services firm Jefferies’ 11th bi-annual beer distributor survey. Jefferies equity analyst Kaumil Gajrawala cited Twisted Tea’s dominance of the flavored malt beverage (FMB) segment, and the “stabilization” of Truly Hard Seltzer trends leading to less volatility, among the reasons for the improved rating.
Boston Beer Company founder and board chairman Jim Koch was brutally honest about some of the company’s past failings in a fireside chat with Goldman Sachs analyst Bonnie Herzog today during the investment firm’s Global Staples Forum.
Anheuser-Busch InBev’s (A-B) U.S. businesses recorded double-digit shipments and depletions declines in Q1, the final quarter before the company begins to lap initial accelerated declines from the conservative-led boycott of Bud Light that began in April 2023.
Move over domestic premiums, imports are king. Imports overtook domestic premiums in dollar sales in NIQ-tracked off-premise channels in the four-week period ending April 20, making imports the No. 1 beer segment in scans.
Molson Coors’ shipments in the Americas outpaced depletions by more than 750,000 hectoliters (more than 639,000 barrels), exceeding the company’s already inflated expectations for Q1 as it prepares for elevated summer sales, leadership shared today on a call with investors and analysts.
Molson Coors net sales increased +10.7% (+10.1% in constant currency) in Q1 2024, as the company continues to record volume growth from its core brands, the company reported today.
In the latest installment of Brewbound’s A Round With – a weekly Insider-exclusive Q&A series with industry leaders – Katy McBrady, president of Molson Coors-owned Atwater Brewery, dives into the importance of leveraging beer as a conduit to connect with your community, as the Detroit-based craft brewery has done through D Light and limited releases such as Miggy 3000, a pale ale brewed to celebrate Miguel Cabrera’s retirement from the MLB’s Detroit Tigers.
New Boston Beer CEO Michael Spillane said the company’s “highest priority” moving forward “is to return to delivering sustainable volume growth.”
Boston Beer Company’s Q1 volume woes eased in 2024, after Q1 shipments and depletions declines in both 2022 and 2023.
Consumer sentiment toward Anheuser-Busch InBev’s (A-B) Bud Light continues to decline more than a year after the initial boycott of the brand, according to a HundredX survey, shared by Goldman Sachs in its latest Beverage Bytes report.
