Articles Tagged with 'Earnings'

Molson Coors CEO Discusses Restructuring Plans, New Hard Seltzer Launch During Q3 Earnings Call

Molson Coors CEO Discusses Restructuring Plans, New Hard Seltzer Launch During Q3 Earnings Call

Molson Coors’ future direction became more clear today following the announcement that the company will restructure its operations and slash its workforce. Prior to late July’s second quarter earnings call, the company announced that CEO Mark Hunter would retire at the end of September, and Gavin Hattersley, the CEO of U.S. business division MillerCoors, would… Read more »

Truly Hard Seltzer Boosts Boston Beer Company to Double-Digit Growth

Truly Hard Seltzer Boosts Boston Beer Company to Double-Digit Growth

Boston Beer Company reported strong earnings during its third-quarter earnings call Tuesday evening. The company reported depletions (sales-to-retailers) growth of 30%, 24% of which came from Boston Beer’s core brands and 6% of which came from Dogfish Head offerings.

Molson Coors Announces Plan to Restructure Business, Cut Workforce and Invest in New Brands

Molson Coors Announces Plan to Restructure Business, Cut Workforce and Invest in New Brands

Molson Coors today announced a sweeping restructuring and revitalization plan aimed at reinvesting $150 million annually in its core products, above-premium offerings, new innovations in the beyond beer space and digital capabilities. In order to achieve the savings, Molson Coors is consolidating its business units and office footprint and slashing its workforce.

Boston Beer Company Depletions Up 30%, Shipments Grow 19% in Q3

Boston Beer Company Depletions Up 30%, Shipments Grow 19% in Q3

Boston Beer Company reported third quarter depletions (sales-to-retailers) and shipments (sales-to-wholesalers) of 30% and 19.1%, respectively, according to financial results issued after the end of trading today. Boston Beer’s third quarter earnings marked the first with combined results following the merger with Dogfish Head Craft Brewery. The combined company — whose brands include Truly Hard Seltzer, Samuel Adams beer, Angry Orchard hard cider and Twisted Tea — reported net revenue growth of 23.3%, to $378.5 million, during Q3.

Anheuser-Busch InBev U.S. Shipments Down 3% in Q3; Bud Light Seltzer Coming in 2020

Anheuser-Busch InBev U.S. Shipments Down 3% in Q3; Bud Light Seltzer Coming in 2020

Anheuser-Busch InBev reported today global revenue growth of 2.7% for the third quarter of the year, driven by an increase of 3% in revenue per hectoliter due to premiumization and strong growth in Mexico, South Africa and Colombia. Volumes worldwide decreased 0.5%; A-B’s own beer volumes were down slightly more with a 0.9% decrease. However,… Read more »

CBA Execs Comment on Potential Sale to A-B, New Hard Seltzer Releases

CBA Execs Comment on Potential Sale to A-B, New Hard Seltzer Releases

Just 14 days remain before Anheuser-Busch InBev’s deadline to make a qualifying offer to buy the remaining stake of Craft Brew Alliance, or pay a $20 million fee. The prospect of a qualifying offer of around $328 million (at a minimum price of $24.50 per share) from A-B, which already owns about 31 percent of CBA, was one of the main focuses of Thursday’s second-quarter earnings call.

Kona Carries CBA to 1 percent Depletion Growth in Q2

Kona Carries CBA to 1 percent Depletion Growth in Q2

Kona Brewing once again lifted Craft Brew Alliance’s (CBA) financial results. CBA shared its second-quarter financial results today, highlighted by portfolio-wide depletions (sales-to-retailers) growth of more than 1 percent, and shipment (sales-to-wholesalers) growth of 4.4 percent.

Molson Coors Revenue Down 3 Percent Halfway Through 2019

Molson Coors Revenue Down 3 Percent Halfway Through 2019

Molson Coors released its second-quarter financial results today, but following news of a shakeup at the top of the company, the focus of the multinational beer manufacturer’s call with investors and analysts was on the future direction of the company.

Boston Beer Company Depletions, Shipments Up 17 Percent in Q2

Boston Beer Company Depletions, Shipments Up 17 Percent in Q2

Boston Beer Company reported second-quarter depletions (sales-to-retailers) and shipments (sales-to-wholesalers) growth of 17 percent, according to financial results issued after the end of trading today. Through the first 26 weeks of 2019, Boston Beer’s depletions (+15 percent) and shipments (+23 percent) are up due to its Truly Hard Seltzer and Twisted Tea brands.

Anheuser-Busch’s US Depletions Down 3 percent, Shipments Down 1.7 percent Halfway Through 2019

Anheuser-Busch’s US Depletions Down 3 percent, Shipments Down 1.7 percent Halfway Through 2019

Anheuser-Busch InBev today reported global revenue growth of 6.2 percent in the second quarter of 2019, despite ongoing volume declines in the U.S. A-B, the world’s largest beer manufacturer, recorded revenues of more than $13.9 billion during the quarter, and a gross profit of $8.7 billion. The company credited “healthy volume growth, global premiumization and revenue management initiatives” for its increased revenue worldwide.

Constellation Brands’ Shipments and Depletions Grow in Q1

Constellation Brands’ Shipments and Depletions Grow in Q1

Constellation Brands’ beer portfolio continues to drive the company’s growth. The multifaceted alcohol company today reported its first-quarter fiscal 2020 earnings, which were highlighted by a 5.4 percent increase in shipments (sales-to-wholesalers) and a 6.6 percent increase in depletions (sales-to-retailers) for the three-month period ending May 31.

CBA Hopes March Madness Spend on Kona Will Accelerate 2019 Sales

CBA Hopes March Madness Spend on Kona Will Accelerate 2019 Sales

Craft Brew Alliance hopes its marketing efforts in the first part of the year built a “strong foundation” for continued growth throughout the rest of 2019, CEO Andy Thomas said during Thursday’s first quarter earnings call with investors and analysts.