Molson Coors CEO Gavin Hattersley declared the U.S. consumer “remains resilient,” as trade up to premium offerings continues and there aren’t signs of “significant channel shifting,” during the beverage-alcohol producer’s Q2 earnings report today.
Let’s get this out of the way: The Lost Abbey isn’t going away. The iconic U.S. maker of barrel-aged Belgian-style ales is, however, attempting to sublease half of its 40,000 sq. ft. production space in San Marcos and sell its 30-barrel brewery and fermentation tanks.
San Francisco-based Seven Stills Brewery & Distillery closed for good on Sunday, October 30, CEO Tim Obert announced via email last week.
The amount of beer at risk of expiring in the next 30 days in wholesalers’ warehouses has reached its highest level in recent months, according to the National Beer Wholesalers Association’s (NBWA) October Beer Purchasers’ Index (BPI).
Regulators from the federal agencies that oversee taxation and alcohol regulation raided the Union City, California, offices of Southern Glazer’s Wine and Spirits yesterday, according to the San Francisco Chronicle.
This was a heavy Boston Beer news week — which you’ll get on the heels of the company’s Q3 earnings report, the announcement of its first tequila-based ready-to-drink canned cocktail AND one of its annual business planning (ABP) meeting with wholesalers.
Chicago brewery incubator Pilot Project recently acquired the former Milwaukee Brewing Company (MKE) facility in Wisconsin. Pilot Project’s Dan Abel and Glenn Allen share their plans for the production facility and how the expansion will affect the bev-alc producers they work with and open the door to additional suppliers.
Anheuser-Busch InBev (A-B) reported a +12.1% increase in revenue, to $15.091 billion, and +3.7% volume growth in the third quarter of 2022, compared to the same period last year, the company shared today in its earnings report.
While much of Boston Beer Company’s annual business plan (ABP) meeting with wholesalers Tuesday was dedicated to beyond beer innovations (see yesterday’s coverage), “beer is still our middle name,” founder and chairman Jim Koch once again attempted to reassure everyone.
Traditional beer is expected to decline -2% in the next five years, Boston Beer founder and chairman Jim Koch told wholesalers Tuesday during the company’s annual business plan meeting with northeastern wholesalers. “We say a prayer for the big brewers because they’re the ones that really build the trucks that we can then fill out, but I think the reality is it will probably not grow in the lifetime of the people in this room,” he said.
Cycling a nearly -9% decline in September 2021 — the biggest decline of last year — U.S. brewers failed to eke out growth in September 2022.
Critiques of PepsiCo’s Blue Cloud Distribution (BCD) arm were plentiful during the National Beer Wholesalers Association’s (NBWA) annual convention earlier this month in Chicago. NBWA leaders criticized the way Hard MTN Dew – which Boston Beer has licensed to produce and is distributed through Blue Cloud – has been merchandised and cross-promoted in some accounts,… Read more »
Boston Beer Company is expanding its ready-to-drink canned cocktail portfolio with the addition of Loma Vista Tequila Soda, the company’s first tequila-based RTD.
Constellation Brands is simplifying its approach to the cannabis industry as the company announced plans today to convert its common shares of Ontario-based Canopy Growth Corporation into new non-voting exchangeable shares.
