After a disappointing year last year, Anheuser-Busch InBev announced today that they expect first-quarter earnings will drop about 10%, the sharpest drop in over a decade. Fourth-quarter net income dropped 75% to $114 million, from $456 million a year earlier and revenue was down 1.3% to $13.33 billion. In the U.S., which is its… Read More…
Sierra Nevada Gets Strainge with New Kombucha
Sierra Nevada Brewing, known for its rigid conformity to making authentic and world-class quality beer has jumped into the alternative beer field. Not with a hard seltzer, but with an alcoholic kombucha. Strainge Beast Hard Kombucha. Weighing in at 7.0% abv is the company’s first ever non-beer release. It combines live cultures with a… Read More…
Shooting Incident in Progress at MillerCoors Brewery
Police are on the scene of an active shooter at MillerCoors Headquarters in Milwaukee. It has been reported that at least two people were killed and that the suspected shooter was a former MillerCoors employee.
QC Basics – The Essential Five Point Checklist
Yes, it is getting hyper competitive out there for craft breweries. And there is one common denominator for success; good quality beer. Exercising a basic quality control program is not out of reach for even the smallest of brewery operations. All breweries should have in place a quality control program that covers all of the… Read More…
Untapped Buys BeerAdvocate
Next Glass, the ownership group of the beer rating app Untappd and software supplier to beer enthusiasts, breweries, bars and restaurants, announced today that it has acquired assets of BeerAdvocate. BeerAdvocate, the popular beer rating website was founded by Todd Alstrom with his brother Jason in 1996. They expanded into print by publishing the… Read More…
“The Intersection of Finance and Data” – The Beer Crunchers
A lot of small beverage producers don’t spend enough time digging into the numbers past the bottom line. This recap from Beer Crunchers is a great gut check on what many breweries should be looking at — in spite of the gratuitous use of emoji. It wasn’t long ago when you would hear about craft… Read More…
Oregon Brewers Guild Honors Industry Veterans
The Oregon Brewers Guild honored six pioneers of the state’s brewing industry with Lifetime Achievement Awards during its inaugural Awards Ceremony at the Crystal Ballroom Monday. The award recipients pioneered craft beer in Oregon in the early 1980s. “We’re here today, doing the jobs we love, because of them,” said OBG Board member Graham… Read More…
Iron Heart Mobile Canning Acquires Michigan Canning
Iron Heart Canning Company, a mobile canning service for breweries, cideries, wineries, distilleries and non-alcoholic producers, announced today that it has acquired Michigan Mobile Canning, a mobile canning business operating out of Kalamazoo, Mich., and Indianapolis, Ind. The acquisition will make Iron Heart the nation’s largest mobile cannery according to a company press release…. Read More…
Lagunitas CEO to Step Down
Lagunitas Brewing Co. CEO Maria Stipp will be leaving the company after five years in the leadership position. She will be replaced by Dennis Peek, managing director of Heineken Canada. “Maria has decided to pursue a different challenge in her career. I would like to thank Maria for her leadership over the past… Read More…
Boston Beer Really Truly Booms in 4th Qtr
The Boston Beer Company reported fourth quarter 2019 net revenue of $301.3 million, an increase of $76.1 million or 33.8% from the fourth quarter of 2018, mainly due to the enormous success with their hard seltzer Truly. Shipments increased by 37% for an additional 304, 000 bbls in the fourth quarter while depletions were… Read More…
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