Constellation Brands Lowers Guidances for FY 2026; Beer Net Sales -4% to -2% Expected
Two months after reporting a down Q1, Constellation Brands downgraded its guidance for fiscal year 2026, according to a press release issued today.
Two months after reporting a down Q1, Constellation Brands downgraded its guidance for fiscal year 2026, according to a press release issued today.
When long-time regulars pine for Icarus Brewing’s original location, founder and owner Jason Goldstein reminds them the good old days weren’t always so good.
BrewDog co-founder Martin Dickie has departed the Scottish brewery, several news outlets have reported.
Moderating alcohol trends – among other challenges – have claimed the life of Spindrift Spiked, the hard seltzer offering from the non-alcoholic (NA) fruited sparkling water maker.
Could Mark Anthony Brands be shuttering its first-ever owned production facility for White Claw, Mike’s Hard Lemonade and Cayman Jack? The future of Mark Anthony Brewing’s production facility in Hillside, New Jersey, is unclear as the company has filed notice that 143 workers will be affected by job cuts this fall.
Bev-alc off-premise dollar sales may have stemmed the outgoing tide of the past several weeks, but were still in the red year-over-year (YoY) and week-over-week (WoW), according to the latest weekly scans report from market research firm Circana.
Total Wine & More CEO Troy Rice has resigned from the top job at the national beverage-alcohol retailer, he announced on LinkedIn today.
After joining San Diego’s Original 40 Brewing as head brewer earlier this year, Kyle Fjalstad has launched a beer that bridges the gap between Original 40 and the last brewery on his resume, Modern Times.
San Diego-based Ballast Point has new, local investors in its ownership group, San Diego Beer News reported. Hospitality force RMD Group and boutique investment firm Cypress Ascendant have taken shares in the brewery, and the investors who facilitated the bombshell acquisition of Ballast Point from Constellation Brands in 2019 have exited.
All signs point to the cost of a night out getting more expensive. July marks a continuation of bev-alc away from home outpacing overall inflation. The CPI for both food (+3.9% year-over-year [YoY]) and alcohol (+3.4% YoY) outpaced overall inflation for all items (+2.7% YoY) in July.
Any positive vibes recorded in recent weekly data reports may have been a mirage. After some “less pessimistic data” reports, off-premise beverage-alcohol sales have returned to the red, market insights firm Circana shared in its latest weekly report.
Several brewery owners have publicly courted buyers by announcing their intentions to sell their businesses. Others have found buyers and have announced sales. Read updates from three breweries – all of which opened during the last decade’s craft beer boom – in transition.
Boston Beer Company is winding down its own-premise operations in Los Angeles. The company plans to close its Truly LA and Angel City taprooms at the end of their respective leases, according to an internal memo sent today by founder and future-CEO Jim Koch, and confirmed by Brewbound.
The Beer Institute’s (BI) monthly economic report bore a rare bit of good news for the industry: Domestic tax paid beer shipments increased in June.