Craft beer industry news.
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.
It’s hard to find someone with a more meteoric rise in craft beer than Rafael D’Armas. In about three years, he went from a production intern to graduating from the World Brewing Academy’s master brewer program. Now a brewer at New York City’s KCBC and a board member of the Michael James Jackson Foundation for Brewing and Distilling (MJF), Rafael shares his thoughts on the evolving craft beer world.
Boston Beer Company eked out a year-over-year (YoY) increase in revenue in Q3, despite another quarter of contracting shipments and depletions, and several impairment charges for its craft brands.
Monster-owned Oskar Blues is taking it easy for its 2025 innovation slate. The brewery’s two newest offerings are Dale’s Easy IPA (4.9% ABV) and Designated Dale’s NA Pils, the brand’s first-ever non-alcoholic (NA) beer. Both are rolling out this month, and mark a continuation of Oskar Blues’ transformation of Dale’s into a brand family. “After… Read more »
Craft ‘Ohana announced a pair of “strategic partnerships” for the future of the Modern Times Beer brand and hospitality business that will see the Hawaii-headquartered company step back from the daily operations to “focus and double down” on growing Maui Brewing.
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.
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.
