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DAILY BRIEFING: LITE EDITION
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A preview of today's news & insights for the beer industry.
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| | In today’s Brewbound Insider version of the newsletter, Insiders are reading about:
- How Black-owned breweries are finding growth;
- Atwater Brewing’s Michigan-focused innovation and marketing;
- A spirits-based canned cocktail acquisition;
- Boston Beer’s Q1 earnings results and call with investors;
- And a new hire at Bump Williams Consulting.
Become a Brewbound Insider to read these stories and more!
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| | While craft finished 2023 in decline, Black-owned craft breweries were able to grow, according to National Black Brewers Association (NB2A) executive director Kevin Asato in a press conference Wednesday during the Craft Brewers Conference in Las Vegas. More specific numbers on Black-owned breweries’ sales and impact will be released next month, but Asato gave a preview of what to expect from the report, including that Black-owned craft breweries are consistently outperforming both the overall craft segment and total beer. Become a Brewbound Insider to learn what Black-owned breweries’ “secret sauce” is, as well as comments from NB2A president Marcus Baskerville and NB2A first VP Garrett Oliver. |
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| | FX Matt Brewing Company has made another strategic acquisition, this time in the spirits category. The acquired ready-to-drink canned cocktail (RTD) brand will be a part of Right Coast Spirits, a joint venture between FX Matt, Flying Dog (which FX Matt acquired in 2023) and Mass Bay Brewing-owned Harpoon Brewery. The JV’s portfolio also includes Right Coast Vodka Whips and Margarita Whips, as well as Right Coast Italian Ice, a vodka-based RTD launched in two flavors earlier this month. Become an Insider to find out who has been picked up, and read the latest scan data for the RTD brand. |
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| | In the latest installment of Brewbound’s A Round With, Katy McBrady, president of Molson Coors-owned Atwater Brewery, dives into the importance of leveraging beer as a conduit to connect with your community, as the Detroit-based craft brewery has done through D Light and limited releases. McBrady joined Atwater in 2022, following the departure of former owner Mark Rieth, who guided the brewery through a sale to Molson Coors’ craft division Tenth and Blake. Become an Insider to read the full Q&A, a weekly Insider-exclusive series with industry leaders. |
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| | Boston Beer CEO Michael Spillane spoke to analysts and investors Thursday in the company’s Q1 earnings call – Spillane’s first since taking over for David Burwick just a few weeks ago. Spillane shared the company’s priorities, as well as his own as CEO, and plans for supporting both innovation and Boston Beer’s core brands, which include Twisted Tea, Truly Hard Seltzer, Samuel Adams, Dogfish Head and Angry Orchard. Become an Insider to get all the details, as well as an update on the transition of Hard MTN Dew to Boston Beer’s beer distributor network. Insiders can also read a recap of Boston Beer’s Q1 financial results, published Thursday, which showed improvement in the company’s previous Q1 volume woes. |
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| | | | Bump Williams Consulting’s Dave Williams and Brian “BK” Krueger explore Q1 beer category trends, the stickiness of 2023’s shifts caused by the Bud Light fiasco, the creep up of pricing, regional cider growth and the dampening of Dry January but continued growth of non-alc beer. They also share what they’re watching for the remainder of the year. Plus, the Brewbound team reports from the floor of the Craft Brewers Conference in Las Vegas and recap the first day of the largest meeting of craft brewers. Jess, Justin and Zoe also recap the new strategic alliance between Black-owned breweries Full Circle and Crowns and Hops. Listen here and on all popular podcast platforms. |
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| | | | The Brewbound Live business conference returns December 11 and 12 in Marina del Rey, California. Brewbound Live will feature beverage-alcohol industry leaders taking part in business-focused conversations, data presentations, networking and much more across two days at the Marina del Rey Marriott. Brewbound announced the first speakers for this year’s conference. They include: - Russian River co-owner Natalie Cilurzo;
- Deschutes Brewery CEO Peter Skrbek;
- National Beer Wholesalers Association chief economist and VP of analytics Lester Jones;
- Draftline Technologies founder and president Jennifer Hauke.
Additional speakers will be announced in the coming weeks. In addition to the mainstage programming and networking parties, Brewbound Live will feature opportunities for one-to-one conversations between brewers and bev-alc brands and retail buyers from chains such as Whole Foods Market. Registered attendees will be considered for meetings with buyers, as space is limited. Find out more details here. Register for Brewbound Live 2024. |
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