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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.”
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.
Tilray Brands’ 2025 fiscal year ended with mixed results, as the Canadian cannabis and U.S. craft beer platform generated $821.3 million in net revenue ($833.7 million in constant currency) across its various business units for full-year 2025 (FY25, ending May 31, 2025), marking a 4% increase year-over-year (YoY).
Hard tea continued to fill Boston Beer’s sails in Q2, but it was newbie Sun Cruiser that put in the brunt of the work rather than veteran Twisted Tea, company leadership shared Thursday during a call with investors and analysts.
Q2 was once again a thorn in Boston Beer Company’s side, despite a rosier Q1, according to financial results released by the company late Thursday. Boston Beer shipments (sales to wholesalers) declined 0.8% year-over-year (YoY), while depletions (sales to retailers) declined 5% for the three-month period ending June 28.
Nice weather and ideal timing helped boost beer’s performance over Fourth of July weekend, producing “surprisingly strong trends,” according to distributors surveyed by Goldman Sachs.
Halfway through 2025, craft and beyond beer are the biggest share losers in both the on- and off-premise, according to data shared during Fintech and the National Beer Wholesalers Association’s (NBWA) quarterly webinar.
The notion of dessert is threaded throughout this year’s Bourbon County Brand Stout (BCBS) lineup from Anheuser-Busch InBev-owned Goose Island.
