Read the latest beer industry news relating to Big Beer including earnings reports and updates from key players such as A-B Inbev, Molson Coors, Constellation Brands, Heineken, Diageo, Boston Beer, and others. Explore market trends, global expansion efforts, and strategic partnerships within the beer industry.
Submit News
If you have insights or news related to the biggest players in the beer industry, please let us know. Submit your news.
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.”
Constellation’s beer depletions increased +8.7%, while shipments grew +17.3%, to 99.5 million case equivalents during the first quarter of its 2023 fiscal year, the company reported today. Net sales increased +21%, to more than $1.898 billion, with gross profit of more than $1 billion (+14%). The beer business’ operating income also increased +13%, to $762.8 million.
Goldman Sachs’ pessimism for Boston Beer Company’s 2022 sales performance and the company’s ability to reach its 2022 guidance continues, with analyst Bonnie Herzog downgrading Boston Beer to a “sell” rating in the financial services firm’s June Beverage Bytes retailer survey.
The life of Bevy Long Drink, Boston Beer’s malt-based foray into the Finnish long drink segment, won’t be very long after all. The company has discontinued the brand, which it launched in 20 test markets late last year and expanded nationwide earlier this year.
Light lager continues to increase share on Drizly, clawing back share losses to hard seltzer over the past two years, according to the e-commerce alcohol delivery platform in its latest BevAlc Insights report.
Wicked Weed built its name in the craft brewing industry with sour beers, but in recent years under the ownership of Anheuser-Busch InBev, the Asheville, North Carolina-based brewery has found commercial success in craft beer’s most popular style space, IPAs.
Anheuser-Busch InBev has waived its right to advertising exclusivity in the alcohol category during Super Bowl LVII, which it has exercised since 1989.
Monster Beverage Corp. plans to introduce three to four alcoholic beverage brands over the next few quarters, some of which will use brand names acquired from CANarchy and some that will be developed in-house. That slate may not include hard seltzer, as the company playing in the broader FMB space and, potentially, spirit-based RTD canned cocktails.
Molson Coors issued a “voluntary withdrawal” of some SKUs of Coors Light and Keystone Light last week, a spokesperson told Brewbound.
Boston Beer Company has launched its first-ever media campaign to support Hard MTN Dew, its ready-to-drink, fermented sugar-brew produced through a licensing partnership with PepsiCo.
McDermott: Alcohol Suppliers Hit with ADA Website Accessibility Lawsuits McDermott Will & Emery’s Alva Mather and Jeremy White cautioned beverage alcohol suppliers that they may be “in legal crosshairs” due to an “uptick in website accessibility cases,” according to a recent blog post. Mather and White wrote that plaintiff firms are issuing “pre-suit demand letters… Read more »
Six months after taking the helm as president of Anheuser-Busch InBev’s Brewers Collective, Andy Thomas shared his views on how the world’s largest beer manufacturer’s craft beer division is approaching the summer selling season and the rest of the year.
Cowen is lowering its fiscal year 2023 estimates for Boston Beer Company, analyst Vivien Azer wrote in a report today, noting the financial services firm has become “increasingly skeptical” that Boston Beer will meet its guidance of +4%-+10% shipment and depletion growth.
A judge has ruled in favor of Anheuser-Busch InBev and dismissed the deceptive advertising lawsuit Molson Coors (then-MillerCoors) filed against the world’s largest beer manufacturer over its 2019 Super Bowl campaign.
Large regional breweries that fall outside of the BA’s definition of a craft brewer collectively produced more than 8.64 million barrels of beer in 2021, a +2% increase on a comparable basis, according to data provided by the trade organization. The BA excludes companies that are at least 25% owned by a larger brewing company from its craft brewery data set and sets a production ceiling for BA-defined craft brewers at 6 million barrels.
