Craft Brewing and Distilling News for July 25, 2022July 25, 2022
•The Boston Beer Company reported results for its quarter ended June 25, in which depletions were down 7% but net revenue rose 2.2% to $616.2 million. The depletion losses came from decreases in Truly Hard Seltzer, Angry Orchard, Samuel Adams, and Dogfish Head, partially offset by gains in Twisted Tea and Hard Mountain Dew. Truly was the hardest hit–excluding its declines, the company’s depletion volumes for the remainder of its business in the second quarter increased 14%. Boston Beer logged net income of $53.3 million for the quarter, down from $59.2 million sequentially.
•Louisville, Kentucky-based Buzzard’s Roost is introducing a new Char 1 Bourbon with a mashbill of 59% corn, 36% rye and 5% malted barley. The 4-year-old double-barreled Indiana-sourced Bourbon retails at $55 a bottle. Additionally, the company is debuting a Toasted American Oak Bourbon, which retails for $75 a bottle with 530 cases available. Since launching in Kentucky, Buzzard’s Roost has expanded into Massachusetts (21st Century Wine Co.) and Ohio (SGWS) in 2021, and in 2022 the brand has moved into New Mexico (Santa Fe Boutique Wines), Arkansas (Arkansas Wine & Spirits), Tennessee (Best Brands), Louisiana (Wines Unlimited), Victoria, Canada (Drinks-Inc.), Illinois (Burke Beverage) and North Carolina (Johnson Bros.).Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.
Tagged : Angry Orchard, Boston Beer, Buzzard's Roost, Dogfish Head, Truly, Twisted Tea
GET YOUR FIRST LOOK AT 2021 DATA AND 2022 PROJECTIONS FOR THE WINE AND SPIRITS INDUSTRIES. ORDER YOUR 2022 IMPACT DATABANK REPORTS. CLICK HERE.