Beer Industry News
A collection of Beer latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Strike ballot threatens 'beer drought
Unlock unlimited access to telegraph.co.uk, plus the latest news updates and daily newspaper in our app. Cancel anytime. Britain risks running short of beer this summer as lorry drivers and logistics workers threaten strike action over a…
Boston Beer stock tumbles 21% after weak Truly hard seltzer sales weigh on earnings
Shares of Boston Beer tumbled 21% in premarket trading on Friday. The previous afternoon, the Sam Adams brewer reported second-quarter earnings and revenue that fell short of Wall Street's expectations. The company blamed weaker-than-expected…
Boston Beer stock is crashing because the hard seltzer boom is basically over
Bottom line: The hard seltzer boom is over. Shares of Boston Beer crashed 20% in pre-market trading on Friday as the maker of Truly hard seltzer and Sam Adams badly whiffed on its earnings expectations and slashed full-year guidance. The culprit:…
Boston Beer stock plunges more than 20 percent after it 'overestimated' demand for Truly Hard Seltzer
Boston Beer Company's stock was down more than 23 percent when the markets opened Friday, after the company reported weak earnings and revenue results, citing fizzling demand for its Truly Hard Seltzer brand. Dave Burwick, the company's president…
Boston Beer stock price crashes as weak hard seltzer demand drives earnings miss
Beer tumbled more than 25% on Friday after revealing a bruising earnings miss on Thursday. On an earnings call, the Sam Adams maker reported earnings per share were $4.75 versus an anticipated $6.69. Boston Beer's off-target expectations were a…
The hard seltzer craze has come to an end
New York(CNN Business) The once unstoppable growth of hard seltzer has gone flat. That warning is coming from Boston Beer, the creator of Truly Hard Seltzer, which said that popularity of the low-calorie drink has faded. Boston Beer (SAM)founder…
Stocks making the biggest moves premarket: Skechers, Boston Beer, Snap, Twitter & more
Check out the companies making headlines before the bell Friday: American Express – American Express gained 3.3% after reporting quarterly earnings of $2.80 per share. That beat the consensus estimate of $1.66, with revenue above estimates…
Brett Kavanaugh, who likes beer, is having an absolutely terrible day
Supreme Court Justice Brett Kavanaugh is probably pounding back the beer this morning after new details about the FBI's investigation into sexual assault allegations made against him by Dr. Christine Blasey Ford in 2018 have been released. The FBI…
Asheville 'best destination in the world for beer-lovers to visit,' says online service
ASHEVILLE - New data from Money UK, an online comparison service, named Asheville the best destination in the world for beer-lovers to visit, as the tourists spilling out of local breweries already seem to know. Money UK examined 40 destinations…
Ex-Coors marketer consults the beer playbook for booze
That includes a vodka brand called “Cubist” that is specially designed to be stored in the freezer—a ploy that plays off of the custom many vodka drinkers have of putting the booze in the icebox. Cubist packaging uses…
Dunedin breweries work together to become beer destination in Tampa Bay
DUNEDIN — In the City of Dunedin, 'local' is the name of the game. It's a charming small town with its own flare. “Dunedin is becoming more of a tourist destination,” said Michael Painter, Co-Owner of Woodwright Brewing…
Beer pong in the Olympics? 5 'sports' that should be added to the Summer Games
In recent years, the governing bodies of billiards, bowling and fishing have requested acceptance — they have scratched, gutter-balled, and foul-hooked a catfish, however. Those games might be too yesterday for all those hipsters at the IOC.
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Hard seltzer boom goes flat
NEW YORK, July 23 (Reuters Breakingviews) - The hard seltzer boom is losing fizz. Boston Beer's (SAM.N) second-quarter results released Thursday tasted as bad as a Truly Pineapple drink left open overnight. Net income fell by almost 2% compared…
Why Boston Beer Stock Got Crushed Friday Morning
Sam Adams beer maker Boston Beer shocked investors last night with a quarterly earnings report that fell far short of expectations. The stock is getting slammed this morning as a result with shares down more than 26% as of 10:25 a.m. EDT. Boston…
Why a Craft-Beer Pioneer Joined the Cannabis Industry
Support the independent voice of Denver and help keep the future of Westword free. We've seen no shortage of alcohol companies sticking their boozy little fingers into legal cannabis while one of the few brands we'd actually welcome into the pot…
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