News

BrewDog co-founder James Watt has stepped down as CEO of the Scottish craft brewery and will assume the new role of “captain” and co-founder, while also serving as a non-executive director on the company’s board of directors, according to multiple news reports.

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.

Great Lakes Brewing Co. (GLBC) CEO Mark King has stepped down from the top position at the Cleveland, Ohio-based craft brewery, effective April 24, the company announced today.

Craft beer scans declined -3% in the four-week period ending April 21 in multi-outlet and convenience stores, tracked by market research firm Circana. Volume, measured in case sales, tumbled -4.7% in the period, the firm added.

A majority of consumers plan to celebrate Mother’s Day outside of bars and restaurants, according to the latest impact report from CGA, a NIQ-powered on-premise market research firm.

With changing demographics and drinking habits, and as inflation and desire for convenience shifts shopping patterns, suppliers should view ready-to-drink (RTD) offerings as a unique mega category, according to a new report from NIQ.

The Brewers Association (BA) is prioritizing legislative efforts that widen craft brewers’ market access as the segment faces a challenging sales environment and narrowing distribution routes, BA general counsel Marc Sorini said during a presentation at the Craft Brewers Conference (CBC) last month in Las Vegas.

Well, $1 hot dog night at CITI FIELD was clearly a resounding success this week, although sadly it was still accompanied by $15 beer night.

Domestic tax paid shipments declined an estimated -13.6%, to 12.7 million barrels, marking a loss of more than 1.9 million barrels in March 2024 versus March 2023, according to Beer Institute chief economist Andrew Heritage, citing estimates from the Alcohol and Tobacco Tax and Trade Bureau (TTB).

The vast majority of shoppers (82%) can’t match influencers to the brands they own, according to a new report from Numerator— but that’s not discouraging influencer or celebrity brands from trying. One BevAlc company, co-helmed by the founder of hydration drink brand Roar Organics, is even building its business model around quickly bringing influencer brands to market.

On the heels of the 2024 Craft Brewers Conference (CBC), Brewbound caught up with Craft ’Ohana president and COO Scott Metzger for our weekly Insider-exclusive A Round With Q&A series. Metzger shook up CBC with a real talk chat titled “Your Brewery Is a Business, Not a Hobby.” Metzger discusses the talk, the path forward for craft brewers and how Craft ‘Ohana brands are performing.

Monster Beverage Corporation chief executive Rodney Sacks laid out a likely succession plan Thursday that will eventually see co-CEO Hilton Schlosberg taking over the role entirely, as Sacks is “considering” reducing his day-to-day duties sometime next year.

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.

Craft finished Q1 with dollar sales nearly flat year-over-year (YoY), declining -0.3% in NIQ-tracked off-premise channels (total xAOC + liquor plus + convenience) through March 30, Bump Williams Consulting (BWC) reported in its first quarterly craft report for 2024.