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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.
Nearly two months after the close of its sale to Canadian cannabis company Aphria, Atlanta-headquartered SweetWater Brewing said it will expand distribution to Colorado, the first state to legalize cannabis for recreational use.
Cincinnati-headquartered Rhinegeist Brewery will be launching its offerings in Chicago in March. “It’s the biggest city we’ve launched in a long time, arguably the biggest city we may ever launch,” vice president of sales Matt Steinke told Brewbound. “We’re poised to grow it for a long time; we want to be in the city for a long time.”
San Francisco-based Fort Point Beer Company has ended its 6-year-old self-distribution operation and sold the rights to distribute its brands to Matagrano Inc. in the Bay Area. Offerings from Bell’s Brewery will be sold by Classic Beverage in Southern California, following the acquisition of Bell’s brand rights by the City of Industry-headquartered wholesaler, which purchased Craft Beer Guild from Sheehan Family Companies.
Everything’s bigger in Texas and America’s oldest brewery is hoping that beer sales will be too. This fall, the Lone Star State will be the first new market to receive D.G. Yuengling & Son beer as part of the Pennsylvania brewery’s joint venture (JV) with Molson Coors Beverage Company, the companies announced in a press release.
Popular Vermont craft brewery Hill Farmstead is going into hibernation in mid-January and will halt production and cease retail sales until late March.
On-premise retail sales will not rebound to pre-pandemic levels in 2021, Brewers Association (BA) chief economist Bart Watson shared yesterday in a webinar for members of the trade group. “The on-premise is not fully going to recover next year,” he said.
As COVID-19 cases spike, California has enacted a new regional stay home order that went into effect Sunday night and affects 85% of the state’s population. Last week, Gov. Gavin Newsom announced a new system that would trigger regional stay home orders when hospitals’ projected intensive care unit capacity dips below 15%. That threshold was met Sunday in the Southern California and San Joaquin Valley regions.
2020 will see Captain Pabst’s final voyage. Pabst Brewing Company announced yesterday that the Captain Pabst Pilot House, its Milwaukee, Wisconsin-based brewery, taproom and event space, will permanently close on December 21.
Boston area brew-your-own beer and brewpub Hopsters lost its bid to prevent a court-appointed trustee from converting its Chapter 11 bankruptcy filing to Chapter 7 liquidation during a hearing Thursday in U.S. Bankruptcy Court in the District of Massachusetts.
The Tampa, Florida area will soon have another tourism destination with ties to an American beer dynasty when D.G. Yuengling & Son, Inc. expands its Tampa campus.
Anxious viewers of election coverage on CNN or Fox Business last week might have seen a commercial encouraging them to join its “Saucy Posse” and become an investor in Cleveland, Ohio-headquartered Saucy Brew Works.
Two more popular craft breweries have announced that their taprooms will be hibernating this winter as colder weather makes outdoor service infeasible, and COVID-19 cases continue to rise nationwide. Chicago-headquartered Revolution Brewing and Canton, Massachusetts-based Trillium Brewing both said this week that they will be temporarily shuttering their locations for on-premise service through the winter.
Pacific Northwest-based hospitality and brewpub chain McMenamins has launched the second phase of its investment drive as it seeks to raise as much as $15 million from accredited investors. Green Bay, Wisconsin-based Titletown Brewing is seeking a new owner or investors due to the COVID-19 pandemic hampering sales.