Craft Brewing and Distilling News for August 4, 2017August 4, 2017
•Portland, Oregon-based Craft Brew Alliance’s (CBA) depletions declined 2% in its second quarter ended June 30, as net sales also fell, down 3% to $60.6 million. The company reports that while its Kona brand grew depletions by 9%, boosted by double-digit growth of its flagship Big Wave Golden Ale, its Widmer franchise was down 13% and Redhook fell 24% in the three-month period. For the first half of 2017, the company’s depletions were down 1%, as net sales rose 3% to $104.9 million year-to-date, buoyed by Kona’s continued strength.
•St. Petersburg, Florida’s 3 Daughters Brewing has launched its first craft light beer, the Floating Dock Light IPA. The ale clocks in at 3% abv and 118 calories and is positioned as a light IPA alternative to standard light lagers. The Floating Dock Light IPA is now available in kegs and will roll out in cans beginning in November. The 3 Daughters lineup—which also includes the Beach Blonde Ale, Bimini Twist IPA and Stern Line Stout labels, among others—is currently distributed throughout Florida and South Carolina.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.