Kane's Beverage News Daily

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Joel Whitaker

U.S. Beer Production Fell 3.5% in August, Beer Institute Estimates

U.S. brewers produced 10.9 million barrels of beer subject to excse tax during August, the Beer Institute estimated. That's down 3.5% from a year earlier. The actual figure may be a bit lower. Alcohol & Tobacco Tax & Trade Bureau's official figures for

CBrands Brand-Building Playbook Evolvin

Constellation Brands is seeing the results of a sharpened focus "on capturing additional growth opportunities by winning with more consumers across more occasions," CEO Nicholas Find will tell analysts during a call this morning. While the company has "built some of the most successful, enduring, and valuable

CBrands 2Q Sales Fall 3.3%, Net Plunges 46%; Beer Biz Sales Advance 5%

Constellation Brands Inc. reports for the second quarter sales of $3096.5 billion, down 3.3% from the prior year. Net Income fell 46% to $231.7 million, or $1.58 a share. In the Beer Business, shipments rose 5.5% to 123.9 million cases, depletions eased 0.6%

CBrands Acquires Spirits-Based RTD Brand SpikedAde

Constellation Brands, Inc. said it acquired SpikedAde, a differentiated, consumer-led, spirit-based, ready-to-drink (RTD) beverage brand competing in the emerging sports drink-inspired "Ade" segment. The transaction includes a $75 million payment at close for 100% ownership of the business, plus up to $278 million

3 Vineyard Experts Think Calif.'s Winegrape Supply Could Quickly Come Up Short

There an interesting story in Monday's San Francisco Chronicle. Three vineyard experts think California's winegrape supply could quickly turn into a shortage – perhaps as early as 2017. The first is Peter Ekman, who has led Spring Mountain Vineyard (the site of the 1980's CBS-

What I'm Reading --

Decades after the Mondavis lost their California wine empire, their comeback winery is ready for its big debut “I’ve discovered that a bag of money doesn’t make up for a broken heart, but it does (lead to) a new love,” said Tim Mondavi, 75, the youngest son of

Services Sector Continues to Expand: ISM

Economic activity in the services sector continued to expand in September, the nation’s purchasing and supply executives in the latest ISM Services PMI Report. The Services PMI registered 54.9%, the 27th consecutive month in expansion territory. The business activity index for September was 58.6%, clearly in expansion