Craft beer breweries are gaining popularity in central Arkansas, as the state catches up with a national obsession with craft beers. A 2012 study done for the Boulder, Colo.-based Brewers Association, indicated that the craft-beer industry contributed about $34 billion to the U.S. economy, said Bart Watson, the association's chief economist.
J.M. Smucker Co. posted mixed results for its third-quarter as it dealt with softening coffee demand. The food maker posted a profit of $160.9 million, or $1.58 per share, for the period ended Jan. 31.
Anheuser-Busch owns two distributors in Kentucky and is attempting to buy more. But independent brewers worry they would be frozen out of the market if the beverage giant were to control more of the state's distribution system, arguing it would have no incentive to market any products but its own.
Many of the categories and brands that dominate the industry are being challenged as smaller brands and categories are outpacing — and in some cases taking share from — the more well-established in the alcohol industry, according to Technomic's analysis of 2014 year-end results.
Maine's State Sen. John Patrick is pressing for a bill that would require each pint of beer sold in the state to be 16 ounces. He said some bars and restaurants that advertise draft beers as pints are actually serving 14-ounce glasses, causing drinkers to lose out on those last tasty sips.
Stronger sales of Frito-Lay snacks helped PepsiCo deliver a quarterly profit that came in above Wall Street expectations on Wednesday. During the period, PepsiCo said revenue for its Frito-Lay North America division rose 3.5 percent, boosted by a mix of stronger volume and higher prices.
Molson Coors Brewing Co. reported fourth-quarter earnings that fell short of Wall Street's forecasts. Its worldwide beer volume fell 0.3 percent. Molson Coors said a spate of issues including stronger U.S. currency will leave it with less free cash in 2015.
Kraft Foods says it will start sweetening its Capri Sun drinks with sugar instead of high-fructose corn syrup. The company says the change will apply to its original Cpari Sun drinks, and the number of calories will decrease from 60 per pack to 50.
The world's biggest beverage maker is struggling to boost global sales volume amid economic volatility overseas and a shift away from soda back at home. To make up for weak volume gains, it's using a variety of tactics, including a focus on smaller bottles.
MillerCoors CEO Tom Long plans to retire from the brewer over the summer. The 56-year-old Long intends to retire on June 30 after serving as CEO since 2011. MillerCoors is a joint venture between SABMiller PLC and Molson Coors Brewing Co.
Berner Food & Beverage — an Illinois-based contract manufacturer of private label and store brand beverages, cheese products and other dairy-based foods — stays on top of nearly every aspect of its operation through its use of Aptean's Process Manufacturing Suite.
The maker of Red Bull energy drinks is challenging a Virginia craft brewery's use of the word "ox" in its brand name. Red Bull has filed an opposition with the U.S. Patent and Trademark Office against trademark applications from Old Ox Brewery in Ashburn, Virginia.
Distilled spirits make up more than 35 percent of the U.S. market for alcoholic beverages. Consumers are trading up by spending more on small volume products made by specialists. Michael Quinttus, president and CEO of Vintus, discusses the growing market for premium cognac.
Competing beer-production bills will be up for a vote before an Arizona Senate committee today, but lawmakers are nudging the two sides to work things out. The Senate will hear legislation that has come out of conflict between breweries and wholesale alcohol distributors.
Mike's Hard Lemonade is in the very early stages of exploring a sale — one worth $1 billion. The Chicago-based company has initiated a sale process that is likely to attract the interest of large beverage companies.
Auckland, New Zealand-based Fonterra is the world’s largest exporter of dairy products, reaching over 100 countries. Globally, the company produces over 22 billion liters of milk each year, of which 750,000 liters are handled at their Takanini facility located just outside of Auckland.
Most soda drinkers have a favorite flavor in their choice of carbonated beverages. But did you know Coca-Cola has some of the strangest flavors worldwide? From Green Tea Coke to pine nut flavored, would you be caught sipping one of these unique drinks?
The American beer industry welcomed bipartisan legislation introduced today to comprehensively reform the federal beer tax imposed on brewers and beer importers. The bill would remove barriers to growth in the industry, encouraging capital and workforce investment.
Flying, at least for non-millionaires, has gotten grimmer in recent years. But things are looking up on the drinks cart. Alaska Air, for example, took a crafty approach, teaming with local distilleries Sun Liquor in Seattle and Bendistillery in Oregon.
Producers of Kentucky bourbon and Tennessee whiskey scored another round of U.S. sales growth in 2014, while exports topped $1 billion for the second straight year. Mixed together, U.S. revenues for bourbon and Tennessee whiskey rose by 9.6 percent to $2.7 billion.
Milk sales in the U.S. have dropped to a 30-year low, a trend the dairy industry describes as devastating. Industry executives say it's because their products and packaging are old fashioned and in need of innovation, but some families also have health concerns.
Diageo's Chief Executive Officer Ivan Menezes says Vodka acquisitions are unlikely, even though the market is getting more competitive. Menezes talks with Jonathan Ferro on Bloomberg Television's "On the Move."
Regardless of which team you were cheering for during the Super Bowl, chances are you probably had a beer in your hand. Many beer drinkers were offended by Budweiser's "Brewed the Hard Way" commercial because of its slap to the craft brew industry.
Fairlife, which Coca-Cola formed in partnership with dairy cooperative Select Milk Producers in 2012, says its milk goes through a filtration process that's akin the way skim milk is made. Fairlife says its milk has 50 percent more protein than regular milk and is lactose free.
Embattled milk producers launched a social media campaign last week to rebuild public confidence in the health benefits of their product. But how healthy is it? Here then is a quick review of what science currently says about milk's health benefits.