Articles Tagged with 'Earnings'

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.

CBA Earnings: Kona Depletions Grow 10 Percent

CBA Earnings: Kona Depletions Grow 10 Percent

Craft Brew Alliance (CBA) officially announced its 2017 earnings today, which fell in line with preliminary financial results shared on February 1. Those results were again highlighted by net sales increasing 2 percent to more than $207.5 million and 10 percent depletion growth for the Hawaiian-themed Kona brand.

Boston Beer Shipments Decline Again in 2017

Boston Beer Shipments Decline Again in 2017

Boston Beer Company yesterday reported a shipment decline of 6.2 percent in 2017, driven by shrinking sales of its Samuel Adams and Angry Orchard brands. In an earnings report released Wednesday, the country’s sixth largest beer company — which makes Samuel Adams beer, Angry Orchard Hard Cider, Twisted Tea, and Truly Spiked & Sparkling seltzers, among other products — said it shipped about 3.8 million barrels of product in 2017, compared to 4 million barrels shipped in 2016.

Molson Coors Sales Surpass $11 Billion in 2017

Molson Coors Sales Surpass $11 Billion in 2017

Despite continued negative domestic volume trends for its flagship light lager brands, Molson Coors’ worldwide sales increased 0.2 percent to more than $11 billion in 2017, according to company earnings released today.