BrewDog's chief executive told investors their recent headline financial figures did 'not make for happy reading' but that they were 'on the right path' and 'doing the right things'
James Taylor's statement came before it emerged that the embattled brewers' beer had been axed by almost 2,000 pubs across Britain as their popularity continues to wane.
It was revealed that the company's range of draught beers have disappeared entirely from around 1,860 pubs in the last two years, according to private industry data, meaning their UK distribution has been cut by more than a third.
BrewDog's best-known beer, Punk IPA, suffered the worst loss after being removed from 1,980 pubs – a 52 per cent decline in distribution - with pubs now opting for rivals such as Camden Town and Beavertown.
The data also showed that most of the pubs scrapping BrewDog beers are part of large chains, removing a key source of revenue for the brewer as it struggles to revive its fortunes.
