The Consumer Price Index (CPI) for beer at home increased +3.1% year-over-year (YoY) in May, increasing just enough to end six consecutive months of the category posting a CPI reading at or below +3%, before seasonal adjustment, according to the U.S. Bureau of Labor Statistics (BLS).
Pro football stars Jason and Travis Kelce have acquired an ownership stake in light lager maker Garage Beer. The Kelces are referred to as “the largest investors” and “significant investors, partners, owners, and operators” in the business, in today’s announcement.
A California superior court judge has sided with Anderson Valley Brewing Company’s (AVBC) parent company Mainsheet Capital in a dispute with Reyes Holdings subsidiary Harbor Distributing/Golden Brands.
Schilling Cider has no plans to jump on the hard tea train, but the Pacific Northwest cidery still plans to meet similar consumer demand with its latest product launch: Schilling Hard Lemonade.
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.
Southern Glazer’s Wine and Spirits chairman Harvey R. Chaplin died at age 95 yesterday at his home in Miami, the company announced.
Craft beer’s dollar sales declines continued to accelerate through late May, according to market research firm Circana. Craft dollar sales in Circana-tracked off-premise channels (multi-outlet plus convenience) declined -5.5% in the four-week period ending May 19, accelerating from -3% in the previous period (ending April 21).
April domestic tax paid shipments declined an estimated -4.3% year-over-year (YoY), to 12.3 million barrels, according to Beer Institute (BI) chief economist Andrew Heritage, citing estimates from the Alcohol and Tobacco Tax and Trade Bureau (TTB).
Following news that Kings & Convicts-owned Ballast Point had ceased production at its Miramar, California brewery and sold the facility to an unnamed buyer, the company has confirmed two rounds of layoffs, San Diego Beer News reported last week.
In the latest installment of Brewbound’s A Round With – a weekly Insider-exclusive Q&A series with industry leaders – Alisa Bowens-Mercado, founder and owner of Rhythm Brewing, discusses her quest to make the Connecticut brewery the first nationally distributed beer brand owned by a woman of color and all the stops along the way, including a pop-up summer beer garden in New Haven and ready-to-drink espresso martinis.
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.
On a special bonus episode of the Brewbound Podcast, we talk a lot about lagers and marketing with leaders from Jack’s Abby, Von Ebert and Not Your Hobby Marketing Solutions.
Sapporo-Stone Brewing is officially making Zach Keeling its new CEO. Keeling was appointed interim CEO in January when then-CEO Maria Stipp stepped down from the role after guiding the Escondido, California-headquartered brewery through its 2022 acquisition by the Japanese brewing giant and through its integration.
The once-booming flavored malt beverage (FMB) segment is “showing some concerning declarations over recent weeks,” Bump Williams Consulting (BWC) founder Bump Williams noted in a recent report. FMB volume gains dropped by half – from +2.2%, to +1.1% – from the four-week period to the one-week period ending May 18, according to NIQ retail measurement data cited by BWC.
