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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.”
City Brewing & Beverage has completed a transfer of control to a new ownership group made up of some of the multistate contract manufacturer’s existing lenders.
Could Mark Anthony Brands be shuttering its first-ever owned production facility for White Claw, Mike’s Hard Lemonade and Cayman Jack? The future of Mark Anthony Brewing’s production facility in Hillside, New Jersey, is unclear as the company has filed notice that 143 workers will be affected by job cuts this fall.
In a tectonic shift in the distribution landscape, Anheuser-Busch InBev announced plans to sell its wholly owned distributor (WOD) in New York City to Southern Glazer’s Wine & Spirits.
Boston Beer CFO Diego Reynoso is receiving around $1.2 million in Boston Beer Class A stock (SAM) in an effort to keep him with the company.
Tilray Brands is moving deeper into THC-infused beverages – and getting higher in the process.
Monster Beverage Corporation surpassed the $2 billion quarterly net sales milestone for the first time in the company’s history, reporting an 11.1% year-over-year increase in its Q2 2025 earnings report this week. However, Monster’s alcohol ambitions have faltered, falling 8.6% to $38 million.
Ball Corporation is making beer a smaller part of its mix after over-indexing in the category, CEO Daniel Fisher shared during the company’s Q2 earnings report earlier this week.
Jim Koch on Boston Beer’s potential internal CEO candidates: Allagash’s new taproom; Erik Ellington’s NA beer; and more headlines.
Boston Beer Company is winding down its own-premise operations in Los Angeles. The company plans to close its Truly LA and Angel City taprooms at the end of their respective leases, according to an internal memo sent today by founder and future-CEO Jim Koch, and confirmed by Brewbound.
Molson Coors’ lackluster share performance was a driving factor in the company’s soft Q2 and lowered full-year expectations. However, leadership was still able to pull out some positivity during Tuesday’s call with investors and analysts.
Molson Coors has lowered its fiscal year 2025 (FY25) guidance once again after a softer than expected Q2, due to continued macroeconomic headwinds and “lower than expected U.S. share performance.”
Pabst Brewing is making changes to its c-suite, including the appointment of Greig DeBow as CEO, effective August 11. DeBow succeeds Paul Chibe, who had been in the CEO role since December 2021.
Boston Beer president CEO Michael Spillane is ending his leadership role with the company after just over a year, according to an 8-K filing submitted today (Friday, August 1) to the U.S. Securities and Exchange Commission.
Brand extensions of some of Anheuser-Busch InBev’s (A-B) top brands helped the company outpace U.S. beer industry trends in Q2, the company shared Thursday in its quarterly earnings release.
