St. Patrick’s Day Preview: Gen Z Heads to the Bars; Bev-Alc Off-Premise Dollar Sales Steady Since 2021
Could the luck of the Irish be with bev-alc producers this month? Nearly one-third (32%) of consumers plan to celebrate St. Patrick’s Day, according to consumer research firm Numerator.
Rob Tod on How Allagash is Optimizing in the New ‘Game of Inches’
Allagash founder Rob Tod kicked off the 2024 California Craft Beer Summit discussing how the Portland, Maine-headquartered craft brewery is approaching the “tough” post-pandemic beer market.
Teamsters Call for Boycott of Molson Coors’ Products After Less Than $1 Raise Proposal
Teamsters are calling for a boycott of Molson Coors’ products as workers continue to strike at the beer giant’s Fort Worth production brewery.
CPI: Beer At Home +3% YoY; Up +5% Relative to Total Bev-Alc Over Past 2 Years
The Consumer Price Index (CPI) for beer at home continues to tick up, increasing +3% last month (seasonally unadjusted) versus February 2023, according to the U.S. Bureau of Labor Statistics (BLS).
Craft Declines Accelerate in February Scans; 9 of Top 30 Brands Growing Dollars & Volume
Off-premise dollar sales of craft beer declined -2.7% in the four-week period ending February 25 in Circana-tracked multi-outlet and convenience store scans. Craft scans are now down -2% year-to-date (YTD) through late February, amounting to a loss of around $12.3 million for the segment, with sales of $619.9 million, the Chicago-based market research firm reported. This comes as the average case price of craft beer is up +$0.75 in the last four weeks, to $43.44, and up +$0.64 YTD, to $43.39.
Spirits Distribution: Mom Water Hits New England; Heritage Grows with Beer Wholesalers
In this latest round of distribution news, we check in with new coconut vodka water, Mother’s Milk and another fruit-infused vodka cocktail named after the same parent, Mom Water, as well as craft distillers Heritage Distilling and Frey Ranch, plus news from rum Coconut Cartel.
Brewbound Podcast: How Breweries Can Navigate Leasing Issues
Landlord issues have been a frequent reason cited among recent brewery closures. What do you need to look out for in a lease? When should you start renewal discussions? How do you navigate improvements? BPE Law Group associate attorney Melanie De Marco gives a leasing 101 course.
Liquid Death Closes $67M Funding Round; Several Distributors Invest
As it looks to scale up to meet fast-rising demand for new innovations, Liquid Death announced this morning it has closed a $67 million funding round at a valuation of $1.4 billion.
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CHEERS Act Introduced to Give Bars and Restaurants Tax Deduction for Draft Systems
A bipartisan bill is reigniting the fight to give a tax dedication to bars and restaurants with draft beer systems.
DISCUS: Industry Gears Up Against Anti-Alc Messaging, U.S. Spirits Slowdown
Fighting back against anti-alcohol messaging and rediscovering industry optimism following a year of flat spirit sales were two of the major themes at the annual Distilled Spirits Council of the U.S. (DISCUS) conference in San Diego last week.
💪 INSIDER’S Week in Beer: Can Jason Kelce Chug Beer Back to Growth?
I’m beginning to think Jason Kelce may need to take up knitting in retirement, otherwise I’m getting concerned he’s just going to be asked to chug beer wherever he goes from now on.
Beer Institute: Domestic Tax Paids Increase For First Time Since February 2023
Domestic tax paid shipments increased +1.8% in January 2024 versus January 2023, marking the first year-over-year (YoY) increase since February 2023, according to the Beer Institute (BI), citing estimates from the Alcohol and Tobacco Tax and Trade Bureau (TTB).
Sapporo-Stone Focuses on Beer, Discontinues Hard Seltzer and Canned Cocktail Offerings
A year and a half post-merger, Sapporo-Stone is hitting its stride.
Jones Soda Crosses Over into Bev-Alc with New Spiked Sodas
Seattle-based craft soda producer Jones Soda Co. is crossing over into beverage-alcohol with the launch of Spiked Jones Hard Craft Soda, announced Wednesday.