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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.”
Craft brewing has grown up and that’s OK. “Like it or not, we’re not the new kids on the block; we’re not revolutionaries, like we were in the beginning,” Boston Beer Company founder Jim Koch said.
Heineken USA is going for silver in January 2023. The U.S. subsidiary of the Dutch brewing giant will roll out its newest innovation in Q1: Heineken Silver, which checks in at 95 calories, 3.2 grams of carbohydrates and 4% ABV.
Diageo Beer Co. is leaning on the learnings of Daft Punk in fiscal year 2023 to be “better, faster [and] stronger” across all its bev-alc brands, including Lone River Ranch Water, Smirnoff, and Guinness.
Constellation Brands’ beer business reported double-digit shipment and net sales growth along with nearly 9% depletions growth in the second quarter of its 2023 fiscal year.
As Molson Coors sales chief Kevin Doyle prepares to retire after nearly 40 years, the company has promoted two sales executives as part of its succession planning. Chief commercial solutions officer Jeff Long will be promoted to chief customer officer, a role that incoming U.S. president of sales and distributor operations Brian Fiero will vacate upon Doyle’s retirement at the end of the year.
A jury sided with Monster Energy Co. in its false advertising lawsuit against Bang producer Vital Pharmaceuticals (VPX) in California federal court this week, awarding the company nearly $293 million in damages.
Dogfish Head’s canned cocktails are gaining traction in the fast-growing spirits-based, ready-to-drink (RTD) canned cocktail market. Dollar sales of the Dogfish Head brand family (+92.3%) are outpacing the overall segment (+56.5%), according to NielsenIQ total U.S. all off-premise data, shared by Bump Williams Consulting.
Global spirits conglomerate Diageo has acquired premium cold brew coffee liqueur brand Mr Black, in which it previously held a minority stake, the company announced today. Terms of the deal were not disclosed.
Topo Chico’s fated move into hard spirits is coming in 2023, via Molson Coors. On the heels of the fast-growing Topo Chico Hard Seltzer brand, Molson Coors will launch a spirit-based version of Topo Chico in key markets, such as the southwest and southeast and parts of the Midwest.
The question of when Molson Coors’ wholesaler partners would be able to use Yellowstone branding on point-of-sale items for Coors Banquet was finally answered during last week’s convention in Nashville. The answer: today (September 26).
The main stage show at Molson Coors’ 2022 distributor convention officially kicked off earlier this week with company leaders sharing how the revitalization plan launched three years ago is working. Molson Coors CMO Michelle St. Jacques gave a high-energy speech, while channeling the wisdom of a Nashville icon, Dolly Parton.
As Molson Coors leaders gather in Nashville this week for the company’s annual distributor convention, union workers at the Milwaukee production facility are picketing the lack of a three-year contract extension and threatening to strike, WDJT Milwaukee reported.
Ohio Eagle Distributing has a deal in place to acquire Anheuser-Busch InBev’s (A-B) AB ONE distribution operations in Lima, Ohio.
Bent Water Brewing Company has promoted Joe Companion to VP of sales, after fewer than eight months with the Lynn, Massachusetts-based brewery.
