New Belgium Back in the Groove; Mulls Next Move

Dear Client: Shaun Belongie, CEO of New Belgium Brewing, joined us on Beernet Radio last week, and although he's typically an agreeable fellow, he had reason to be in an extra good mood: After a noisy and tough 2025 (Hurricane Helene snarling Asheville, a messy Kirin distributor transition, and supply-chain headaches over where the beer could even get made), the company put up a share-snagging Q1. Its craft portfolio was up better than 3% in the quarter, making New Belgium