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 beer category’s current bogeymen aren’t what’s plaguing Constellation Brands, leaders explained during Deutsche Bank’s dbAccess Global Consumer Conference last week.
Distributors have become increasingly more pessimistic about beer. But how do they feel about the biggest suppliers and their outlooks for 2025? Investment banking firm Jefferies asked this question in its latest beer distributor survey, which represented portfolios from Tilray (60% of respondents), Constellation (55%), Anheuser-Busch InBev [A-B] (50%), Molson Coors (50%), Boston Beer (40%) and more.
Few were immune to beer’s tough March, even the country’s largest beer vendors, according to the latest monthly report from market research firm Circana.
Constellation Brands’ lowering of its medium-term forecasts Wednesday may not have been a total surprise to industry members given the volatility of the beer market, stacked on top of today’s tumultuous economic climate.
After months of avoiding a concrete answer on how tariffs could impact Constellation Brands’ Mexican beer import business, the company has now lowered its medium-term projections due to economic expectations.
Distributor sentiment for the beer category continued to fall this month, according to the latest Beer Purchasers’ Index (BPI) from the National Beer Wholesalers Association (NBWA).
Constellation Brands chief customer officer Bill Renspie is no longer with the company, Beer Marketer’s Insights reported Wednesday, citing a note to distributors from beer division president Jim Sabia.
Sisterhood is powerful, especially for Kelly Gasnik and Jill Burns, founders of Austin Cocktails. The sisters started the spirits-based ready-to-drink cocktail brand in 2012, helping to spearhead the current wave of canned cocktails.
None of beer’s various headwinds – including Tuesday’s tariffs announcement – seemed to dampen Constellation Brands’ spirits this week in Orlando, Florida, during the beer giant’s annual Gold Network Summit with distributor partners.
President Donald Trump launched a trade war today with the United States’ North American trade partners, Canada and Mexico, implementing 25% tariffs on goods imported from each country. Trump also doubled existing duties on goods from China to 20%.
Continuing to bolster its adult non-alc (NA) portfolio, Constellation Brands has acquired a minority stake in Hiyo, a functional ready-to-drink tonic, the company announced today.
Constellation Brands is facing a federal securities class-action lawsuit from an investor who alleges the company shared false information about its positive outlook for its challenged wine and spirits division.
Beer category dollar sales were roughly flat (-0.3%) to start the year at off-premise retailers tracked by market research firm Circana. Sales reached $2.854 billion at multi-outlet grocery, mass retail and convenience stores (MULO+C) in the first four weeks of 2025, through January 26.
After another soft quarter and with the potential of tariffs looming, bev-alc giant Constellation Brands revised its financial guidance downward in the release of its Q3 earnings on Friday.
