Read the latest beer industry news relating to brewery operations, taproom updates, openings, and closings. Stay up-to-date on new beer ventures and taproom openings and learn about the challenges leading to shutdowns.
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On-premise chain accounts have bounced back from initial COVID-19 declines that shut down their businesses, but on-premise pains are far from over, according to CGA, the on-premise arm of market research firm NIQ.
Seasonal trends for onsite brewery sales have remained relatively consistent since January 2021, but “in real terms” – i.e. accounting for inflation – onsite sales continue to decline, according to Brewers Association (BA) staff economist Matt Gacioch, citing data from Arryved.
While the amount of bars and restaurants in operation has recovered to pre-pandemic levels, beer’s on-premise business has yet to bounce back, with keg volume expected to be 2.5 million barrels below where it should be by the end of 2023, according to the Brewers Association.
Citing “considerable distress” in the restaurant industry, the parent company of craft-centric on-premise chain World of Beer has filed for Chapter 11 bankruptcy protection.
Three years post-pandemic, the beer industry’s performance is still “erratic,” National Beer Wholesalers Association (NBWA) chief economist and VP of analytics Lester Jones said during a webinar on Tuesday.
At-the-brewery pint prices have not kept pace with inflation, according to a recent report from Brewers Association staff economist Matt Gacioch.
Similar to the off-premise, the non-alcoholic (NA) beer segment is outperforming the broader beer category in bars, restaurants and other venues, according to CGA, an NIQ-owned on-premise market research firm.
The city of Asbury Park is inextricably linked to its musical history (if you like Bruce Springsteen, you should thank it), and its eponymous brewery is no different. Asbury Park Brewery founder Bob McLynn first encountered beer culture while touring Germany with his band, and founded Crush Management, which represents artists such as Green Day, Lorde, Miley Cyrus and Fall Out Boy.
Clearwater, Florida-based Big Storm Brewing closed its taproom at Orlando’s Kia Center earlier this month, bringing the former multi-taproom operator to one location, according to the Orlando Business Journal.
All three bev-alc categories recorded double-digit on-premise sales increases on Mother’s Day compared to the average Sunday in 2024, according to NIQ-owned on-premise data firm CGA.
Draft beer recorded gains in both volume (+12%) and dollar sales (+32%) year-over-year (YoY) during Memorial Day weekend, on-premise data firm BeerBoard reported.
Brewbound continues to dive into 2023 craft beer production trends from the Brewers Association’s (BA) May/June issue of New Brewer Magazine. Brewbound previously covered top 50 craft, regionals beyond the top 50 and big beer craft. Now, a look at some of the trends in craft’s smaller subsets – taprooms, microbreweries and brewpubs:
Sapporo-Stone Brewing Co. unveiled a $60 million expansion plan yesterday that will double the company’s annual capacity to about 700,000 barrels.
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.
Placentia, California-based The Bruery plans to open an outpost later this year in Meridian, Idaho, CEO Barry Holmes shared. The Idaho tasting room is expected to open by fall 2024.
Beer sales at bars and restaurants have declined in both dollar sales (-0.7%) and volume (-5.7%) in the 12-month period through the end of January, according to NIQ’s on-premise data firm CGA.
Draft beer volume declined -20% during St. Patrick’s Day weekend, due in part to this year’s misalignment of the drinking-centric holiday and March Madness, according to on-premise data firm BeerBoard.
