Craft Brewing and Distilling News for October 26, 2020October 26, 2020
•Boston Beer Company reported depletions up 36% for its fiscal third quarter, with net revenue up 30.2% $492.8 million. The company said strong growth for Truly hard seltzer and Twisted Tea offset declines for its Samuel Adams, Angry Orchard, and Dogfish Head brands. Total shipments for Q3 were at 2.1 million barrels, up 30.5% compared to the same period last year. Dave Burwick, president and CEO, added that the company has big plans for Truly for 2021, with a new higher-abv variant coming alongside new flavors. As expected, the company continued to report decreased demand for its kegged beers, related to the ongoing pandemic.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.
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