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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.”
Hiyo, a non-alc (NA) social tonic infused with adaptogens and nootropics, has extended its national retail partnership with Whole Foods Market with its latest flavor, Pineapple Coconut, the company announced Tuesday.
Canadian cannabis giant and U.S. craft beer platform Tilray Brands is at it again. The company’s Colorado-based Breckenridge Distillery announced Thursday the launch of Mock One, a collection of non-alcoholic (NA) spirits.
Constellation Brands’ Modelo Especial’s dollar sales in California are larger than its next 3 competitors in the Golden State combined YTD through July 4, according to data from Fintech, presented in a webinar by NBWA chief economist and VP of analytics Lester Jones and Fintech VP of distributor strategy Eric Kiser.
Diageo CEO Debra Crew has stepped down after two tough years on the job, as the spirits giant struggles with slowing sales and tariff uncertainty.
The state excise tax rate on beer in Missouri has been cut by two-thirds. Gov. Mike Kehoe signed into law House Bill 1041 on Thursday, which set the excise tax rate at $0.62 per barrels for all malt-based alcoholic beverages produced at Missouri breweries, a drop of $1.24 per barrel from the previous rate of $1.86. The new rate is the lowest beer excise tax in the nation.
Constellation Brands’ down Q1 may have bucked the Mexican beer importer’s historical trends, but the declines were “expected,” company leadership shared Wednesday during its Q1 2026 earnings call with investors and analysts.
Constellation Brands’ beer division posted uncharacteristic across-the-board declines for the first quarter of the company’s fiscal year, it announced yesterday.
Refreshers are like opinions – no one’s the same, but everyone’s got one. Numerous fruity and colorful hard beverages have hit the shelves in the past two years, labeled as “refreshers,” but that is about where their similarities end.
The reasons behind Modelo Especial’s negative trends may have more layers than just the Trump administration’s immigration raids and arrests, the Societe Generale Group at financial services firm Bernstein explored in a recent report.
“Weakness continues” in beverage-alcohol off-premise trends, according to the latest weekly report from market research firm Circana. Total bev-alc scan data continued to decline in dollars (-3.3%) and volume (-4.8%) for the one-week period ending June 8.
Moor’s Brewing has been named the winner of the 14th Samuel Adams Brewing the American Dream (BTAD) Brewing and Business Experienceship, the company announced.
Tilray Brands’ cost-cutting measures continue with closure of the Redhook Brewlab in Seattle’s Capitol Hill neighborhood. Chief corporate affairs officer Berrin Noorta told Brewbound that “Redhook Brewlab is now closed as we look for a new location.”
Tilray Brands beverage division president Ty Gilmore is departing from the company, in one of several leadership changes, the craft beverage and cannabis firm announced today. Tilray chief growth officer Prinz Pinakatt is taking over the beverage division, effective immediately.
The Dead are helping raise Dogfish Head’s trends. The Boston Beer Company-owned, Milton, Delaware-based craft brewery’s launch of Grateful Dead Juicy Pale Ale earlier this year has returned the brand to growth for the first time since 2019, co-founder Sam Calagione told Brewbound last week.
