Jim Walks a Fine Line on Industry Headwinds, Innovation and On-Prem

Dear Client:  Boston Beer founder Jim Koch took to the Barclays conference yesterday. While some of his material was vintage Jim, he also offered several striking double-minded points on the state of beer and bev alc, for their company and beyond.  For example, on-premise is unprofitable and many wholesalers would nix it if they could, he says. Yet it's still important to invest in, for brands. Another insight: Boston's innovation "niche" has historically seen patience pay off, for brands like