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Craft Brewing and Distilling News for August 4, 2017

August 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.

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