Brewdog loses almost £7M in major US slump as firm takes hit stateside
The Scots beer giant has posted the latest accounts for its stateside operation
BREWER'S DROOP Brewdog loses almost £7M in major US slump as firm takes hit stateside
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BEER giant BrewDog has lost a £6.7million fortune in the US.
Insiders slammed the 'dire' figures after bosses slashed sales across America.
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Brewdog's base in Ellon, Aberdeenshire
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New Brewdog CEO James Taylor
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Brewdog's latest accounts show a huge loss in the USA
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Chiefs blamed a slow-down in the craft beer market.
But one shareholder said: 'This is not pretty at all. The whole situation looks pretty dire.'
Accounts reveal Brewdog, based in Ellon, Aberdeenshire, poured £4.2million into its stateside branch in 2024.
Chiefs insisted revenues of £38million were up two per cent on 2023.
But their brewery in Columbus, Ohio, was running at 30 per cent capacity.
The firm has slashed the number of states they sell to from 33 to 14.
And it is making drinks for other US companies as part of a recovery bid dubbed Operation Slingshot — with contract brewing up 544 per cent.
Boss James Taylor last night insisted the US operation had profits of £376,000.
He insisted: 'It's not a disappointing result at all. It's not vast but we've returned it back to profit. There is still much to do and a huge opportunity.'
Accounts also revealed BrewDog USA chief John Graham stood down at the start of the year after less than two years in the role.
Brewdog blagger forces security beef up
Mr Taylor said: 'We plan to continue evaluating our sales distribution and focusing on more profitable markets.'
We told last year how BrewDog posted a £63million loss in 2023. The firm was founded by pals James Watt and Martin Dickie in a garage in Fraserburgh, Aberdeenshire, in 2007.
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