Boston Beer Company’s Q3 financials were described by one analyst, Bernstein’s Nadine Sarwat, as “a messy set of results.” The company’s portfolio – including Samuel Adams, Dogfish Head, Truly Hard Seltzer, Angry Orchard, Sun Cruiser and Hard MTN Dew – reported a -1.9% year-over-year (YoY) decline in shipments (sales to wholesalers) and -3% decline in depletions (sales to retailers) in the quarter.
Keurig Dr Pepper has agreed terms to acquire energy drink and sports nutrition business GHOST, bringing one of the category’s fastest growing brands into its expanding energy portfolio.
Chula Vista Brewery co-founder Tim Parker shares how meditation, mindfulness and taking care of your mental health can help your business on the latest edition of the Brewbound Podcast.
Craft declines continue to soften in off-premise scans, according to market research firm Circana. Craft dollar sales in Circana-tracked off-premise channels (multi-outlet + convenience) declined -3.6% and volume -5.4% year-over-year (YoY) in the four-week period ending October 6.
Georgetown Brewing has acquired Timber City Ginger, a fellow Seattle-based ginger beer maker, the brewery announced today. Ten-year-old Timber City’s portfolio includes both non-alcoholic (NA) and hard ginger beer, both of which Georgetown plans to continue producing.
Boston-based Dorchester Brewing is wrapping up its contract brewing business, the company announced last week. The brewery opened in Boston’s Dorchester neighborhood in 2016 with a dual business model of contract production and brewing under its own brand for distribution and taproom service.
Non-alcoholic (NA) beer brand Best Day Brewing has added another $12.5 million in investment as part of a Series B round, bringing its total fundraising to $22.5 million this year.
Early registration pricing expires this Friday, October 25, for Brewbound Live Winter 2024, taking place on December 11 + 12 in Marina del Rey, CA. Register now and save $100 per registration.
Sorry, Travis Kelce, there’s a new football player in town … or at least there is for BUD LIGHT (then again, buying your own craft brewery certainly raises some issues there). Thus, Tampa Bay QB Baker Mayfield is the brand new addition to the BL athlete spokesperson lineup, although, gotta say – this creative could use some work IMO (his PROGRESSIVE ads were far better).
Beer trends remained “relatively stable” in the convenience channel in Q3, according to Goldman Sachs analyst Bonnie Herzog in the latest BevBytes report. Goldman Sachs surveyed retailers representing 28,000 locations, or 19% of total c-stores. Respondents reported +3% year-over-year (YoY) sales growth for beer in Q3.
Gulf Stream Brewing Company is in the midst of its biggest year yet. Co-founder Sharee Eriks discusses how getting a major grocery chain placement has affected business, what the brewery is doing to keep up with demand and what it’s doing to build awareness in Brewbound’s A Round With Q&A.
Duvel USA-owned Boulevard’s beyond beer offshoot Quirk is tea-ing up a 2025 innovation slate that touches on hot trends in the fourth category. Quirk Hard Tea (4% ABV) will roll out in early 2025 with a standalone lemonade tea offering and a variety pack, executives announced to wholesalers during Duvel USA’s virtual wholesaler summit last week.
Lester Jones, chief economist and VP of analytics at the National Beer Wholesalers Association (NBWA), joins the Brewbound team to discuss the importance of the on-premise, and how tides may be shifting in draft beer’s favor. Plus, Brewbound editor Justin Kendall and reporter Zoe Licata also recap the reimagined Great American Beer Festival.
Boulevard Brewing is looking to the final frontier for its 2025 brand plan. The Duvel USA-owned, Kansas City, Missouri-based craft brewery has elevated its Space Camper brand family to its No. 1 priority, executives shared during a live-streamed presentation of its annual business plan for wholesalers last week.
