BrewBilt Manufacturing Inc (BBRW)

[konshe]

Business looks good and have huge potential


CEO Jef Lewis stated, “Our branding efforts to commercialize the BrewBilt trademark have had very positive results. As we finalize our franchise hospitality contract, the Company is on target to file the audited financials for the year-end of December 31, 2022. Our sales growth rate has increased over the past year, and we continue to attract more customers who seek BrewBilt equipment to produce high-quality craft beers.”

Overall U.S. beer volume sales were up 1% in 2021, while craft brewer volume sales grew 8%, raising small and independent brewers’ share of the U.S. beer market to 13.1% by volume.

Retail dollar sales of craft increased 21%, to $26.8 billion, and now account for just under 27% of the $100 billion U.S. beer market (previously $94 billion). The primary reason for the larger dollar sales increase was the shift back in beer volume to bars and restaurants from packaged sales.