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Craft Bev News Fetch
Published daily, M-F by Craft Beverage Insights & free to the trade thanks to our sponsors
December 6, 2016
Publisher/Executive Editor, Lewis Perdue + Editor, Becca Yeamans-Irwin
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TODAY'S TOP NEWS
LAWS & REGULATION
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INDUSTRY DATA & TRENDS
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GIVE US THIS DAY OUR DAILY DATA
According to Bart Watson, Chief Economist for the Brewers Association, the growth pattern for craft beer has shifted:
"We’ve seen scan (i.e. off-premise retail) [volume]weaken a bit in the 2nd half, but that’s coincided with strengthening premises use (i.e. direct sales) numbers, so those two may be offsetting themselves. I’d say the over-under [growth] is still somewhere in the 7-8% range.
"Haven’t had a chance to look at retail sales yet," he said, "but I’d expect them to grow faster than volume sales, probably by 2-3 points. Pricing is still fairly healthy in off-premise (with most of the growth coming from higher price tiers) and the shift to direct at the brewery sales means a higher % of sales at a fairly high margin."
With 2015 retail sales of $22.3 billion, a 7.5% increase means that 2016 might hit almost $24 billion.
CRAFT NEWS FETCH PLAYLIST:
While creating this issue:
Becca liked this song the best: Move by Saint Motel
Lew liked this song the best: Atlas by Fanfarlo
2012 Esporão Alandra Branco from Portugal. Slate/mineral, smooth, good body. Decent wine (especially considering it was only $8.99). -B
This Craft Bev News Fetch was hand-crafted for you by Editor Becca Yeamans-Irwin (The Academic Wino) and Publisher/Executive Editor, Lewis Perdue.
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