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.
Constellation Brands and Molson Coors are expected to annex more shelf and cooler space in convenience stores following the upcoming spring 2024 resets, according to Goldman Sachs Equity Research’s recent Beverage Bytes survey.
The owners of Cricket Hill (Fairfield, New Jersey) have listed the brewery for sale as they prepare to retire. At 24 years old, Cricket Hill is one of the Garden State’s oldest craft breweries. Ballast Point (San Diego, California) plans to lay off 37 employees effective December 15, according to a pair of Worker Adjustment and Retraining Notification (WARN) Act notices in California filed on October 8.
If the beer industry had a dollar for every time someone said “we’re controlling what we can control,” the category would possibly be in the black this year.
Constellation Brands’ recent volume woes are only temporary, beer division president and EVP Jim Sabia assured distributors this week during the National Beer Wholesalers Association’s (NBWA) Annual Convention in Las Vegas.
Constellation Brands has now revealed the Q2 trends that drove the company to lower its full-year guidance last month, and the numbers stand in stark contrast to a year ago.
Constellation Brands’ sales and volume declines accelerated in the company’s second quarter, according to its fiscal year 2026 Q2 earnings report. The company’s beer division – which imports Modelo, Corona, Pacifico and Victoria from Mexico – posted the following declines: Shipments (sales to wholesalers), -8.5% (-3.3% in Q1); Depletions (sales to retailers), -2.7% (-2.5% in… Read more »
As Constellation Brands navigates uncharted stormy waters, the company’s leadership remains focused on “controlling the controllables,” CEO Bill Newlands said Tuesday.
Two months after reporting a down Q1, Constellation Brands downgraded its guidance for fiscal year 2026, according to a press release issued today.
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.
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.
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.
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.
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.
