Articles Tagged with 'Earnings'

Despite Continued Kona Growth, CBA Depletions Decline in Q3

Despite Continued Kona Growth, CBA Depletions Decline in Q3

The continued acceleration of Kona beer sales during the third quarter couldn’t offset company-wide shipment and depletion declines of other Craft Brew Alliance (CBA) offerings, the Portland, Oregon-headquartered company reported today. In Q3, Kona depletions increased 9 percent as the brand grew in both off- and on-premise channels. The depletion growth followed increases of 7 percent and 3 percent in the second and first quarters of the year, respectively.

Boston Beer Execs Discuss Continued Growth During Q3 Earnings Call

Boston Beer Execs Discuss Continued Growth During Q3 Earnings Call

Boston Beer Company’s growth continued in the third quarter, as the company’s revenue increased 24.2 percent, while shipments (+23.5 percent) and depletions (+18 percent) also grew. During a call with investors and analysts Thursday evening, Boston Beer founder Jim Koch credited the company’s “key innovations” — Angry Orchard Rosé, Truly Berry variety pack, Truly Wild Berry, Samuel Adams Sam ’76 and Samuel Adams New England IPA — with driving the growth.

Boston Beer Revenue Jumps 24 Percent in Q3

Boston Beer Revenue Jumps 24 Percent in Q3

Boston Beer Company today reported its 2018 third-quarter earnings results, which were highlighted by a 24.2 percent increase in net revenue, to $306.9 million. The company — which makes the Samuel Adams, Angry Orchard, Twisted Tea, and Truly Spiked & Sparkling products — credited the revenue growth to a 23.5 percent increase in shipments during the quarter, which ended September 29.

Anheuser-Busch InBev Reports Q3 Earnings, Outlines New Commercial Strategy in US

Anheuser-Busch InBev Reports Q3 Earnings, Outlines New Commercial Strategy in US

Despite ongoing shipment and depletion declines in the United States, Anheuser-Busch InBev’s global revenues were up 4.6 percent through the first nine months of 2018. A-B, the world’s largest beer manufacturer, posted global revenue growth of 4.5 percent, to more than $13.2 billion, during the third quarter, as revenue per hectoliter increased 4.2 percent. The company’s gross profit increased 3.5 percent, nearly $8.3 billion.

Constellation Brands Reports 10 Percent Depletion Growth in Q2

Constellation Brands Reports 10 Percent Depletion Growth in Q2

Constellation Brands reported its second-quarter fiscal 2019 earnings today, which were highlighted by 10.1 percent growth in beer depletions (sales-to-retailers) and an 8.7 percent increase in shipments (sales-to-wholesalers) for the comparable three-month period ending August 31. Net sales of Constellation Brands’ beer portfolio increased 10.5 percent during the quarter, to more than $1.5 billion.

Craft Brew Alliance Plans to Increase Spending on Kona, Eyes Top Line Acceleration

Craft Brew Alliance Plans to Increase Spending on Kona, Eyes Top Line Acceleration

Following the release of Craft Brew Alliance’s second-quarter results on Wednesday, CEO Andy Thomas hailed his company’s financial performance as the “strongest validation” yet that CBA is a “company transformed.” During a call with analysts and investors today, Thomas said CBA is now in its “strongest operational and strategic position” company history, which he attributed to the growth of the Kona brand, a reshaped CBA portfolio that now includes three smaller craft partners, a rationalized brewery footprint, improved gross margin, and a “far more profitable business model.”

Craft Brew Alliance Grows Revenue 2 Percent in Q2

Craft Brew Alliance Grows Revenue 2 Percent in Q2

Craft Brew Alliance (CBA) today reported its second-quarter earnings, which were highlighted by a 2 percent revenue increase, to $61.8 million. CBA attributed the uptick in net sales to increased shipments of the Kona brand, and increases in average unit pricing, despite continued Widmer Brothers and Redhook declines.

Molson Coors Forms JV with Canadian Cannabis Company, Shares Q2 Results

Molson Coors Forms JV with Canadian Cannabis Company, Shares Q2 Results

Molson Coors Brewing Company today reported its second-quarter earnings, however the financial results took a backseat to news that its Canadian business division had formed a joint venture with a Quebec cannabis company. The JV between Molson Coors Canada and HEXO, a recreational cannabis “sister brand” to The Hydropothecary, a licensed producer and distributor of medical cannabis, will be structured as “a standalone start-up company” led by its own board and management team.

Boston Beer Company’s Double-Digit Growth Continues in Q2

Boston Beer Company’s Double-Digit Growth Continues in Q2

Boston Beer Company’s return to growth continued for a second consecutive quarter. The company — which makes the Samuel Adams, Angry Orchard, Twisted Tea, and Truly Spiked & Sparkling products — yesterday reported its second-quarter earnings results, which were highlighted by a 10.2 percent increase in net revenue to $273.1 million. For the 26-week period ending June 30, Boston Beer’s net revenue was up 13.2 percent, to $463.6 million.

Anheuser-Busch InBev Reports Q2 Earnings, Shakes Up Organizational Structure

Anheuser-Busch InBev Reports Q2 Earnings, Shakes Up Organizational Structure

Halfway through 2018, Anheuser-Busch InBev’s global revenues are up 4.7 percent despite continued shipment and depletion declines in the U.S. A-B, the world’s largest beer manufacturer, posted global revenue growth of 4.7 percent, to more than $14 billion, as revenue per hectoliter increased 4 percent during the second quarter of 2018. A-B also announced several organizational changes, including moving its “global growth and innovation team,” ZX Ventures, and its marketing department “under a common global lead.”

Constellation Brands’ Beer Depletions Grow 8.9 Percent in Q1; CEO Discusses Cannabis-Infused Drinks

Constellation Brands’ Beer Depletions Grow 8.9 Percent in Q1; CEO Discusses Cannabis-Infused Drinks

Constellation Brands reported its first-quarter fiscal 2019 earnings today, which were highlighted by 8.9 percent growth in beer depletions (sales-to-retailers) and an 8.6 percent increase in shipments compared to the three-month period in 2017. Although beer was a major focus of today’s call, Sands spent a great deal of time discussing and answering questions about Constellation Brands’ $191 million investment into Canadian cannabis company, Canopy Growth Corporation.

Anheuser-Busch InBev Grows Global Revenue as US Shipments Decline

Anheuser-Busch InBev Grows Global Revenue as US Shipments Decline

Anheuser-Busch InBev today reported global revenue growth of 4.7 percent in the first quarter of 2018 even as the company’s domestic shipments and depletions decreased due to continued declines of the its flagship lager brands. A-B, the world’s largest beer manufacturer, recorded global revenue of more than $13 billion during the quarter and a gross profit of more than $8 billion. The company’s revenue per hectoliter increased 4.9 percent.

Constellation Beer Sales Top $4.6 Billion in Fiscal Year 2018

Constellation Beer Sales Top $4.6 Billion in Fiscal Year 2018

Constellation Brands reported its fiscal-year 2018 earnings on Thursday, which were highlighted by a 3 percent increase in total net sales, to more than $7.6 billion. Net sales of Constellation Brands’ beer brands — including Mexican import labels Corona, Modelo and Pacifico as well as craft breweries Ballast Point and Funky Buddha — increased 10.1 percent, to about $4.7 billion.