Zoe Licata joined Brewbound in 2021 after several years of freelance reporting and documentary work. She’s a Massachusetts native, guinea pig for bev-alc innovation and savant in Gen Z culture.
In a time when it seems like just about anything can be an alcoholic beverage (Distilled Doritos Nacho Cheese, anyone?), some craft breweries have embraced the trend, expanding their portfolios with canned cocktails, flavored malt beverages (FMBs) and even bottled spirits.
Constellation Brands capped another strong year for its beer business with full-year net sales growth of +9% for its beer brands, hitting the top end of the company’s +8% to +9% growth expectations for fiscal year 2024, company leadership shared Thursday.
Constellation Brands is expected to be the biggest winner in shelf resets this spring, according to the most recent Beverage Bytes beer distributor survey by Goldman Sachs.
Craft’s performance in the grocery channel continued to lag behind the overall category, as both dollar sales (-1.9%) and volume (-2.9%) declined in the four-week period ending March 24, according to market research firm Circana’s monthly report.
Craft beer dollar sales declined -1.2% year-over-year (YoY) in Circana-tracked off-premise channels (total U.S. multi-outlet + convenience) in the four-week period ending March 24, according to the market research firm’s monthly report.
An estimated 11.9 million barrels of beer were shipped in February, a +7.9% increase year-over-year (YoY), marking the “strongest monthly growth in almost three years, since May 2021,” Beer Institute (BI) chief economist Andrew Heritage wrote in the trade group’s latest round of economic reports, citing estimates from the Alcohol and Tobacco Tax and Trade Bureau (TTB).
Eight industry members are the latest to be awarded scholarships from the Michael James Jackson Foundation for Brewing and Distilling (MJF), a foundation meant to further the careers of Black, Indigenous and people of color in the brewing and distilling industries.
Retailers are “paying increasingly more attention” to the sales rates/velocity of beer brands and it has resulted in the contraction of the amount of brands on shelves, as well as the amount of new brands entering the marketplace, according to Bump Williams’ monthly report for Bump Williams Consulting (BWC).
On-premise retailers spent an estimated $400 million more on beer in 2023 than 2022, suggesting a positive turn and future opportunities for the category, according to National Beer Wholesalers Association (NBWA) chief economist Lester Jones.
Brattleboro, Vermont-based Hermit Thrush Brewery will close next month after nearly a decade. The sour-centric craft brewery announced the news of its impending closure on social media yesterday.
What do an outdoor apparel company and craft beer have in common? Dedication to brand values, quality and community impact, despite the ebbs and flows of the market, according to L.L. Bean president and CEO Stephen Smith.
Beer had an expected St. Patrick’s Day boost, with dollar sales in Circana-tracked off-premise channels increasing +5.3% year-over-year (YoY) in the week ending March 17, according to the market research firm.
A majority of legal-drinking-age (LDA) consumers believe that states need to allow for direct-to-consumer (DTC) shipping of beer, according to a survey conducted by The Harris Poll on behalf of Sovos ShipCompliant, a bev-alc shipping and distribution compliance company.
Spirits giant Sazerac announced today plans to acquire Southern Champion’s ready-to-drink (RTD) portfolio, including BuzzBallz, the spherical wine-, spirit- and malt-based cocktail brand.
