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Molson Coors Beverage Company’s overall business remained in the red as the company closed its 2024 fiscal year. However, the fourth quarter showed improvement over the double-digit declines reported in Q3, and leadership is confident the company can return to growth in 2025, according to Molson Coors’ earnings call today with investors and analysts.
Just like the Kansas City Chiefs, draft beer also took an L in Super Bowl LIX. Draft beer volume declined -4.6% nationwide on Super Bowl Sunday, according to on-premise insights firm BeerBoard.
Tilray Brands is moving large-scale production from Revolver Brewing’s facility in Granbury, Texas, to other facilities, the company confirmed in a statement to Brewbound. Revolver’s Texas location “will continue to operate, focusing on unique and innovative brews, and the taproom will remain open.”
Beer trends remained “relatively stable” in the convenience channel in Q3, according to Goldman Sachs analyst Bonnie Herzog in the latest BevBytes report. Goldman Sachs surveyed retailers representing 28,000 locations, or 19% of total c-stores. Respondents reported +3% year-over-year (YoY) sales growth for beer in Q3.
The “diversification” of craft brewery portfolios with beyond beer products “is a good thing,” according to American Homebrewers Association (AHA) executive director Julia Herz, who kicked off Boston Beer Company’s annual media brunch in Denver last week during the Great American Beer Festival (GABF).
Sapporo is the largest Asian import beer brand by U.S. dollar sales by a wide margin, but Sapporo-Stone leadership has its sights on doubling the brand’s share of overall imports in the coming years, executives said during the brand’s virtual annual business plan meeting with wholesalers last week.
Constellation Brands unveiled today the Q2 financials that showed slowing growth, which led to the company lowering its fiscal year 2025 (FY25) guidance last month.
Heineken USA CEO Maggie Timoney laid out several contributing factors that she sees chipping away at the beer category during a fireside chat on Day 2 of the National Beer Wholesalers Association’s (NBWA) Annual Convention in San Diego.
Constellation Brands is the beer category’s largest dollar share gainer for the first two-thirds of the year, according to market research firm Circana.
Tilray Brands will launch several hemp-derived Delta-9 THC beverages in “key markets across the U.S.” starting in October, the company announced today. The Canadian cannabis firm has formed a new business unit, Tilray Alternative Beverages, for its Delta-9 beverage portfolio, which includes mocktails, seltzers and sparkling drinks made with hemp extracts.
Anheuser-Busch InBev is tapping into the equity of one of its biggest brands for its next adult non-alcoholic beer play: Michelob Ultra Zero.
Molson Coors Beverage Company is bringing an innovation portfolio of 8% ABV offerings strictly for the convenience channel as part of its above premium strategy for 2025.
Draft beer reclaimed the volume lost during last year’s National Football League (NFL) opening weekend (September 5-8), according to on-premise data firm BeerBoard.
Molson Coors chief commercial officer Michelle St. Jacques laid out the company’s 2025 strategy in the U.S. as part of its “next chapter” as she opened the 2024 distributor convention in San Antonio Tuesday afternoon. Although the core remains a top priority, Molson Coors will put a large focus on its above premium portfolio.
Boston Beer Company founder Jim Koch tackled several industry issues during a fireside chat at the Barclays Global Consumer Conference last week. Koch hit on issues from beer growth and headwinds to opportunities in the on-premise channel and early returns on the company’s new premium vodka-based hard tea brand Sun Cruiser.
Beverage options abound in downtown Boston: properly poured Guinness at an Irish pub, wine at an Italian restaurant in the North End, a large iced regular at one of several (several!) Dunkin’ locations. But there’s only one place you can find a pint of pineapple basil ale, and that’s Boston Beer’s Samuel Adams Boston Taproom, where head brewer Megan Parisi is brewing all sorts of interesting beers for tourists and locals alike.
Constellation Brands may have lowered its fiscal year 2025 (FY25) guidance earlier today, but the company has not lost confidence in the continued growth of its beer brands.
