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Anheuser-Busch InBev may be the top beer manufacturer in the world, but it has a way to go in spirits. “We are the competition,” A-B CEO Michel Doukeris said of the company’s position in the spirits category during Thursday’s Q2 earnings call.
Tilray Brands chairman and CEO Irwin Simon had a message for Wall Street during the company’s full-year fiscal year 2026 earnings call: “We are no longer defined by one category, one market or one regulatory outcome.”
Boston Beer Company has found another growth driver with its spirits-based hard tea brand Sun Cruiser, which continues to deepen its distribution footprint. But the hot ticket item continues to be unable to stop flooding volume from its sibling brands, as the company recorded yet another quarter of shipments and depletions losses.
Worldwide sales of Molson Coors offerings in the first quarter declined 1.2 percent, to $2.3 billion, the company reported today. Molson Coors reported a 4.7 percent decline in worldwide brand volumes, to 18.2 million hectoliters. Nevertheless, the company’s net sales per hectoliter increased 2.3 percent through March 31.
In the latest edition of Press Clips: The Boston Globe outlines the turmoil within the Craft Beer Cellar franchise; Texas beer-to-go sales amendment passes the House; Arcadia founder transfers brewery property ownership to its bank; and Anheuser-Busch responds to MillerCoors’ corn syrup lawsuit.
Boston Beer Company’s first-quarter shipments increased 32.5 percent, to a record 1.1 million barrels, in an effort to supply its wholesalers with about six weeks of Truly Hard Seltzer ahead of the summer selling season.
In this week’s edition of Last Call: Deschutes tells Roanoke city officials it is unlikely to build a production facility by a 2021 deadline; Trillium spends $13 million to acquire Canton real estate; Deschutes hires ex-Dogfish Head VP of marketing; BrewDog shares Q1 highlights; and more industry news.
Constellation Brands reported its fiscal year and fourth quarter 2019 earnings results today, which were highlighted by a 7 percent increase in net sales, to more than $8.1 billion.
Big beer’s “corntroversy” is moving from television screens to the courtroom. MillerCoors today filed a lawsuit in the U.S. District Court for the Western District of Wisconsin that claims Anheuser-Busch’s Bud Light Super Bowl ads and its subsequent “transparency” ads are part of a “false and misleading advertising campaign” aimed at deceiving health-conscious consumers.
The NCAA men’s basketball tournament officially tips off on Thursday, and several major beer manufacturers are already jockeying for fans’ attention. MillerCoors, Anheuser-Busch InBev, Craft Brew Alliance (CBA) and D.G. Yuengling are among the beer companies hoping consumers will want to catch a buzz with their products while watching for buzzer beaters this month.
Hoping to build off the continued growth of its flagship Kona Brewing portfolio, Craft Brew Alliance said it plans to increase sales of the Hawaiian-themed brand by double digits in 2019. During Thursday’s earnings call with investors and analysts, CEO Andy Thomas laid out the company’s plans to hit that goal, while also reflecting on a “good” 2018.
In the latest edition of People Moves: Long-time beer executive Bill Hackett retires from Constellation Brands; Crook & Marker hires Bai president; and Anheuser-Busch InBev board chairman set to resign.
Anheuser-Busch InBev today reported 2018 global revenue growth of 4.8 percent — to more than $54.6 billion — despite continued declines in the U.S.
The fragile alliance among the United States’ largest beer producers is at risk following Anheuser-Busch InBev’s Super Bowl ads for Bud Light that highlighted its ingredients and the use of corn syrup in competitor offerings Coors Light and Miller Lite, made by MillerCoors.
Boston Beer Company officially returned to growth in 2018. The nation’s second largest craft beer company — which makes Samuel Adams, Angry Orchard, Twisted Tea, and Truly Hard Seltzer, among other offerings — posted double-digit growth in depletions, shipments and sales last year, according to an earnings report released Wednesday.
In this week’s edition of Last Call: Alvarez & Marsal reaches an agreement to sell DME Group’s main business; lawmakers threaten to limit dates for Boston beer gardens; and the U.S. House introduces the Craft Beverage Modernization and Tax Reform Act.
Citing negative volume trends in the U.S. and Canada, Molson Coors reported a 2.1 percent decline in net sales in 2018, according to yesterday’s full-year earnings report. In 2018, Molson Coors posted nearly $10.8 billion in net sales, down from more than $11 billion in 2017.
