Molson Coors Beverage Company

A month after Molson Coors’ sunny Q2 earnings call with investors, CEO Gavin Hattersley gave an update on continued positive trends at the Barclays Global Consumer Staples Conference.

After a brief hiatus, the iconic American brand Crispin Cider returns to shelves in October, thanks to a licensing agreement finalized between Minneapolis Cider Company and Molson Coors.

Molson Coors has agreed to purchase Kentucky-based distillery Blue Run Spirits, marking the beer giant’s first spirits acquisition and the formal launch of its Coors Spirits Co. business. The amount was not disclosed.

The fallout of Bud Light’s sales declines has led to several gains for Molson Coors in the second quarter with potentially more on the horizon. During Tuesday’s call with investors and analysts, Molson Coors president and CEO Gavin Hattersley noted that several retailers have moved up the timing of their shelf resets from the spring to the fall.

Molson Coors reported Q2 earnings results today, reporting its best quarterly brand volume trends in the U.S. since 2008, with Coors Lite, Miller Lite and Coors Banquet each recording double-digit growth.

Total bev-alc sales in off-premise channels (multi-outlet plus convenience) declined -4% week-over-week (WoW) in the week ending July 9, which included the July 4 holiday, according to Circana analyst Scott Scanlon.

Convenience store retailers had a “slightly more pessimistic outlook” for beer trends in Goldman Sachs’ Q2 Beverage Bytes survey, citing “broader economic pressures/fears of recession, impacts from cooler weather” and the continued “negative impacts from the recent Bud Light controversy.”

Off-premise beer category dollar sales are up +0.7%, while volume sales have declined -4.1% for the four-week period ending June 17, according to market research firm NIQ. Also, the off-premise declines of Bud Light accelerated compared to previous weeks.

Topo Chico Aguas Frescas Hard Seltzer, a new summertime special inspired by a classic staple of street markets, taquerias and restaurants, is now on shelves.

A pair of beer distributor surveys found that many in the middle tier believe that the conservative led boycott of Anheuser-Busch’s Bud Light brand may be permanent. Financial services firm Jefferies’ survey found that a majority (65%) of distributors surveyed expect the Bud Light downturn to last at least another six months, while 32% believe it could be permanent. A separate distributor survey by Goldman Sachs analyst Bonnie Herzog found that most respondents are “pessimistic about the potential for a full recovery” of Bud Light’s “brand equity and market share.”

Production at craft breweries falling outside of the Brewers Association’s (BA) craft brewer definition collectively declined -4% on a comparable basis, to more than 8.68 million barrels in 2022, according to data shared by the trade group in the May/June edition of the New Brewer Magazine.

A month and a half after conservative outrage directed at Bud Light began, right wing social media has turned its attention to Miller Lite after a months-old commercial for the brand resurfaced.

As part of Molson Coors’ commitment to empowering entrepreneurship and investing in emerging technologies, the company is once again sponsoring this year’s Summerfest Tech Pitch competition, which is hosted by Milwaukee World Festival, Inc. (MWF) and Young Enterprising Society.

Today, Blue Moon Brewing Company announces the limited-edition release of Magenta Moon beer, inspired by the Pantone Color of the Year 2023 – PANTONE 18-1750 Viva Magenta.