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Craft Brew Alliance Hits All-Time High After New Deal With Anheuser Busch
Wednesday, August 24, 2016 - 4:27pm | 247Craft Beer Alliance Inc (NASDAQ: BREW) soared to new all-time highs after locking up a new distribution deal with Anheuser Busch INbev SA (NYSE: BUD). The deal runs until 2028 and will reportedly offer increased distribution, support and resources for several craft brands, including Kona...
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Top 10 Domestic Beer Brands By Sales
Friday, August 12, 2016 - 6:43am | 239Craft beer is bigger than ever in the United States. It's a $22.3 billion market and holds 12 percent of the total market share of the beer industry. While the craft market continues to grow, we have yet to see an individual craft beer crack the 10 in Bevnet U.S. Domestic Beer Sales....
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Are Craft Beer Stocks A Buy?
Friday, June 17, 2016 - 11:45am | 355Unfortunately for investors, it may be much easier these days to find a good beer than to find a good beer stock. According to Citi analyst Wendy Nicholson, U.S. consumers are drinking more wine and spirits, which has put pressure on the beer business. Craft beer has been a strong growth segment in...
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New Carnival Partnership Brings Craft Beer To Cruise Passengers
Monday, March 28, 2016 - 12:32pm | 203Carnival Corp (NYSE: CCL) detailed on Monday a new partnership in which guests will enjoy hand-crafted beers brewed right on board. Concrete Beach, an independently operating subsidiary of Boston Beer Co Inc (NYSE: SAM), will take charge in crafting various beers which will be inspired by and...
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Craft Brew Alliance Announces New Agreement With Pabst To Support 'Strategic Growth Objectives For Both Companies'
Tuesday, January 12, 2016 - 9:20am | 183Craft Brew Alliance Inc (NASDAQ: BREW), an independent craft brewing company, announced a new brewing agreement with Pabst Brewing Company, North America's largest privately held brewing company. As part of the new strategic agreement, Pabst Brewing Company's subsidiary, Rainier Brewing...
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Beverage Giants Are Snatching Up Drink Brands, But The Bottom Of The Barrel Isn't In Sight
Tuesday, September 22, 2015 - 3:16pm | 478Recent M&A trends in the alcoholic beverage space highlight the popularity of craft beer. Sterne Agee CRT believes that larger beer names will continue to look for craft buyout targets. The Coca-Cola Co (NYSE: KO)’s investment in Suja is an indication of its continued focus on exposure...
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Beverage Makers Hope To Ride The Craft Beer Wave
Monday, June 8, 2015 - 2:30pm | 358Craft beer has become a cultural phenomena in the U.S. as consumer preferences shift to value little-known brands and small batch brews. The trend toward specialty beer has leaked into the rest of the beverage industry, as big name brands look to expand their offerings to cash in on customers'...
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Americans' Taste In Alcohol Is Getting More Expensive
Saturday, May 9, 2015 - 3:33pm | 354When it comes to alcoholic beverages, consumers are opting for quality over quantity. Although Americans are going out less, recent data from GuestMetrics, a firm which surveys over 6,000 bars and restaurants, shows that consumers are spending more on high-priced beer, wine and spirits. Craft...
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Should You Add Craft Beer To Your Portfolio?
Wednesday, March 25, 2015 - 11:31am | 395The craft beer industry in America is rapidly growing as consumer preferences shift toward smaller batch IPAs and Stouts. Craft beer by definition is a beer with less than six million barrels sold per year, so its capacity to upset the beer market has been a surprising development. With few...
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Beer Distributors Were Just Surveyed, And It's Good News For Boston Beer Co
Friday, March 20, 2015 - 12:00pm | 303In a report published Friday, Jefferies analyst Kevin Grundy conducted a survey of U.S. beer distributors that supports a positive industry outlook. According to Grundy's survey, craft beer volume growth in the double-digit percentage points is expected in 2015 (19 percent in 2014), while...
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5 Companies Proudly Based In Detroit
Monday, July 7, 2014 - 9:33am | 753Ten years ago, no company would have promoted its products by associating them with Detroit -- a city where the population decreased by more than half in just over 50 years. While the city used to be associated with themes of decline and decay, a new Detroit emerging from bankruptcy is resembling...
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CEO of Brewery Ommegang Talks High-End 'Game Of Thrones' Beer And Sales
Friday, March 21, 2014 - 11:54am | 260Simon Thorpe, CEO of Brewery Ommegang, spoke on CNBC's Squawk Box Thursday morning about their new line of Game of Thrones beers based on the HBO show, as well as social media engagement's affect on sales. Thorpe painted a picture of Brewery Ommegang as a tiny spot tucked away in upstate New York...
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Craft Beer Market Continues To Grow
Tuesday, March 18, 2014 - 2:59pm | 347A big St. Patrick's Day cheers to the Brewers Association, a trade association representing small and independent American craft brewers, which reported good news for the craft beer industry Monday. According to the association, craft breweries took 7.8 percent volume of the total U.S. beer...
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Anheuser Busch Or Molson Coors: Which Is The Better Bet?
Wednesday, January 22, 2014 - 3:55pm | 493Beer is one of the oldest drinks known to man. Researchers have found evidence of the beverage as far back as the 5th millennium BC, in the regions of Egypt and Mesopotamia. Americans also have a long and storied history with their beers, and it's no surprise many beer breweries are...