Craft beer industry news.
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.
The Consumer Price Index (CPI) for beer at home lagged behind overall inflation in March 2024, the U.S. Bureau of Labor Statistics (BLS) reported this week.
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.
America’s No. 1 cocktail is… still No. 1. The margarita retained a fifth of all cocktail sales on-premise in the last quarter of 2023.
CROYDON, Penn.— Neshaminy Creek Brewing Company (Neshaminy Creek) is adding another new flavor to its Rita’s Fruit Brews line of beers inspired by Rita’s Italian Ice (Rita’s) – Watermelon Sour! This new brew will join the ranks of Mango, Peach Ring, and Cherry Lemonade when it’s released at their brewery and taprooms in Croydon and Dublin, PA on Friday, April 12th… Read more »
This week’s Brewbound Podcast features a 3-pack of conversations from the California Craft Beer Summit, featuring the founders of Topa Topa, Match Point Brewing and That’s Delicious Financials. The Brewbound team also reviews the latest headlines and talks $1,300 bev-alc fridges.
Tennessee’s TailGate Brewery is ready for summer with the release of its newest seasonal beer, Cerveza con Lime (5% ABV). This refreshing Mexican-style lager comes with a zesty burst of lime, delivering a crisp, summery experience in a glass.
Eden’s Harvest, Inc. announced the launch of its crowdfunding campaign on the Title3Funds platform, giving investors the opportunity to help lead the revolutions in both craft beer and innovative alternative beverages.
Two local craft beverage forces are set to join together on a new Baltimore County concept in 2024; Aveley Farms Coffee Roasters and Diamondback Brewing Company will open a combined roastery + cafe by Aveley and brewery, taproom, + pizza kitchen by Diamondback at 9490 Deereco Road in Timonium, MD.
Beer industry veteran Carlos Alvarez, who founded the Gambrinus Company and was the first to import Corona Extra to the U.S., died this week. Beer Business Daily first reported the news this morning, citing an internal message at the brewery, and other outlets, including the San Antonio Express-News, followed.
Original Sin proudly announces the release of three new Original Sin non-alcoholic drinks, including the company’s first multi-pack.
With their year-round commitment to reducing their environmental footprint, every day is Earth Day at B Corp-certified Allagash Brewing Company.
A pair of Iowa breweries have started a collective, while maintaining independent ownership. Backpocket Brewing in Coralville and SingleSpeed Brewing in Waterloo have linked up under the Parallel Brewery Collective umbrella. As of mid-February, the breweries are working under a shared-service agreement, with a shared sales team now offering both breweries’ portfolios, and are working together on supply chain procurement.
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.
