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Anheuser-Busch InBev may be the top beer manufacturer in the world, but it has a way to go in spirits. “We are the competition,” A-B CEO Michel Doukeris said of the company’s position in the spirits category during Thursday’s Q2 earnings call.
Tilray Brands chairman and CEO Irwin Simon had a message for Wall Street during the company’s full-year fiscal year 2026 earnings call: “We are no longer defined by one category, one market or one regulatory outcome.”
Boston Beer Company has found another growth driver with its spirits-based hard tea brand Sun Cruiser, which continues to deepen its distribution footprint. But the hot ticket item continues to be unable to stop flooding volume from its sibling brands, as the company recorded yet another quarter of shipments and depletions losses.
The results of Molson Coors’ Q1 in fiscal year 2025 (FY25) were in stark contrast to the first quarter of 2024. Q1 net sales declined 11.3% year-over-year (-10.4% on a constant currency basis), the company reported Thursday morning. A year ago, Molson Coors reported 10.7% YoY (+10.1% in constant currency) net sales growth in Q1.
Ball Corp. chairman and CEO Daniel W. Fisher has once again called on major beer manufacturers to deploy “more aggressive pricing” strategies to “push volume,” suggesting those strategies have worked for energy drink companies and other non-alcoholic (NA) beverage producers.
Twisted Tea has been a positive outlier for Boston Beer Company in recent years, posting consistent growth for the company and combating declines from its sibling brands, including Truly Hard Seltzer. However, it is now Boston Beer’s spirits-based hard tea, Sun Cruiser, that is pulling the weight.
Boston Beer Company had a more positive start to fiscal year 2025 compared to the company’s recent quarterly performances, according to Q1 financial results released after trading ended on Thursday.
Overall beer category dollar sales declined in Q1 2025 compared to Q1 2024, but those losses were unbalanced between the channels, according to the most recent report from the National Beer Wholesalers Association (NBWA) and Fintech. Beer dollar sales reached an estimated $15.8 billion in the first quarter of the year, down about 4% year-over-year (YoY).
Craft brewers’ collective production declined 4% in 2024, to 23.1 million barrels of beer produced, the Brewers Association (BA) shared today in the release of its annual craft brewing production report. The trade group representing small and independent craft breweries described 2024’s numbers as “highlighting the new realities of a maturing market in a rapidly evolving environment.”
As some suppliers and wholesalers warm to intoxicating hemp beverages, bev-alc trade group leaders are looking for regulatory parity between their members’ products and the burgeoning segment.
Beer’s Q1 on-premise sales were a mixed bag, according to the latest data report from tech and on-premise data firm BeerBoard.
Few were immune to beer’s tough March, even the country’s largest beer vendors, according to the latest monthly report from market research firm Circana.
Gavin Hattersley will retire at the end of 2025 after six years as CEO of Molson Coors Beverage Company. Molson Coors’ board of directors will begin a search for Hattersley’s successor, tapping “a nationally recognized search firm” to review internal and external candidates.
Monster Brewing will cease operations in Utah late next month, the company announced Thursday. Production of its Utah-based brands Wasatch Brewing and Squatters Brewing will shift to other facilities within Monsters’ bicoastal network, according to a statement from Monster Brewing president Ray LaRue.
Constellation Brands’ lowering of its medium-term forecasts Wednesday may not have been a total surprise to industry members given the volatility of the beer market, stacked on top of today’s tumultuous economic climate.
After months of avoiding a concrete answer on how tariffs could impact Constellation Brands’ Mexican beer import business, the company has now lowered its medium-term projections due to economic expectations.
A stockholder of flavored tequila 21Seeds is suing its parent company Diageo for obscuring plans to develop a competing product in the category, while undermining 21Seed’s ability to reach the sales goals tied to its earn-out targets.
