Category: Business of Beer
Industry news related to the brewing industry and the business of beer
News Stone Brewing to Increase Capacity at Richmond Brewery to Meet Export and Seltzer Demand
Five years after opening its Richmond brewery, Stone Brewing Co. is planning to add more production capacity and introduce several new beverage products to the market. The expansion project will give the brewery a 25% to 30% increase in capacity. The facility currently has a capacity of 150,000 barrels a year.
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News Recent White House Executive Order on Competition and Implications for the Alcohol Beverage Industry
In response to a recent Executive Order from the White House on promoting competition in the American market, the Treasury Department last week issued a request for information to solicit comments about the current market structure and competition in the U.S. beer, wine, and spirits markets.
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News BI Survey Says Most Drinkers Support Nutrition Labels on Beer
According to the Beer Institute, a July 2021 poll conducted by Quadrant Strategies, 75% of Americans age 21 and older said they believe alcohol beverages should have nutrition labels. 60% say they are more likely to purchase an alcohol beverage that provides this information.
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News NBWA Releases July Beer Purchasers’ Index Indicating Out-of-Stock Issues Continue to Persist
The National Beer Wholesalers Association (NBWA) released the Beer Purchasers’ Index (BPI) for July 2021. The “at-risk” inventory index is at 35 (inventory at risk of going out of code in the next 30 days) which is still well below 50, signaling continued supply constraints and out-of-stocks in distribution.
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News TTB Seeks Input on Promoting Competition – Brewers Can Submit Comments
In response to a recent Executive Order from the White House on promoting competition in the American market, the Treasury Department has issued a request for information to solicit comments about the current market structure and competition in the U.S. beer, wine, and spirits markets.
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News ABInBev Up 31% Globally in Second Quarter – Slower Growth in US
Anheuser-Busch InBev announced today that they missed second quarter projections as costs increased above expectations. Second quarter core profit (EBITDA) was up 31% versus company projections of 35%. Shares fell by about 6% by end of trading today.
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News A Peek Ahead: The Future of Cannabis and the Beer Industry
The recent proposal in Congress to decriminalize cannabis is the latest step forward in legalizing the drug nationally. Even if Congress doesn’t pass the current legislation, it is only a matter of time before it does. Eighteen states currently allow recreational cannabis.
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News Is The Hard Seltzer Boom Over?
Boston Beer announced last week in their quarterly financial statement that sales for Truly hard seltzer were significantly lower than expected and dropped their target sales for the balance of the year. The announcement immediately triggered some in the industry to ponder if the meteoric rise of the hard seltzer category has come to an end. Even the mainstream press jumped in, with CNN posting the headline, “The hard seltzer craze has come to an end.”
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News Bar Owners Alliance of San Francisco Votes to Require Proof of Vaccination for Indoor Service
The Bar Owners Alliance of San Francisco voted today in favor of requiring vaccination proof or a recent negative test to enter all of its member bars starting Thursday, July 29. The Alliance represents more than 500 bar owners in the city.
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News Boston Beer Depletions Up 24% in Second Quarter – Net Earnings Down as Truly Misses Expectations
The Boston Beer Company reported second quarter 2021 net revenue of $602.8 million, an increase of $150.7 million or 33.3%, from the same period last year. Net income for the second quarter was $59.2 million, a decrease of $0.9 million or 1.6% from the same period last year.
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News What’s In a Name – Trademark Suits Swirl Around Canopy
During the burgeoning growth spurt of the last 10 years there have been numerous lawsuits in the craft brewing industry over beer names. That seems to have calmed down, but bigger stakes abound in the industry. Canopy Growth, the Canadian cannabis company, is being sued by Remy Cointreau at the same time as Canopy’s biggest shareholder, Constellation Brands, is in a fight with Anheuser Busch InBev over the right to use the Corona brand name in the alcoholic flavored water sector.
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News Cannabis in a Can? Dale Katechis Joins Veritas Fine Cannabis
Oskar Blues owner and founder Dale Katechis, who broke open the dam holding back craft beer in cans by being one of the first (probably the first) craft brewer to package craft beer in cans over 20 years ago has now jumped over to the cannabis industry by joining Veritas Fine Cannabis as an investing partner.
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News Making Room for Seltzers – MillerCoors Slashes Beer Brands
Posted by Tom McCormick
It’s getting a little crowded in the brand portfolios as all of the major beer suppliers add seltzers to the mix. As wholesalers push back on SKU overload, somethings gotta give.
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