New Belgium in ‘26: A Top Craft Brewer with FMB Instincts

Dear Client: New Belgium CEO Shaun Belongie joined us on BeerNet Radio late last month, fresh off a share-snagging Q1. Perhaps you’ve noticed that the brewer underneath those numbers is getting harder to file under the “craft” classification.  New Belgium is a top-tier craft player — 1.88 million barrels, per its recently released sustainability report — yet it's winning by working the genre-bending edges, with Voodoo Ranger increasingly muscling into FMB and RTD shelf territory even as craft as a