Earnings

Constellation Brands’ Depletions Increase 12% in Q3; Funky Buddha Hard Seltzer to Expand to 10 Markets

Constellation Brands’ Depletions Increase 12% in Q3; Funky Buddha Hard Seltzer to Expand to 10 Markets

The biggest challenge the producer of popular Mexican import brands Corona, Modelo and Pacifico faced in 2020 came in March when the Mexican government ordered the shutdown of all manufacturing industries, including beer. This pause in production led to depleted inventory that was still being replenished into the third quarter and created a gap between shipments (sales to wholesalers) and depletions (sales to retailers) growth.

Boston Beer Stock Price Skyrockets Over $1K Post Q3 Earnings Report

Boston Beer Stock Price Skyrockets Over $1K Post Q3 Earnings Report

After posting strong double-digit growth in shipments, depletions and revenues on the back of Truly Hard Seltzer and Twisted Tea in the third quarter, Boston Beer Company stock (SAM) topped the $1,000 mark for the first time ever, up from $371.12 at the start of 2020. As of press time (2 p.m. ET October 23), shares were trading at more than $1,066 (+15% and more than $145 than the previous day).

Craft Brew Alliance Shipments Decline 10.2%, Depletions Down 9% in Second Quarter

Craft Brew Alliance Shipments Decline 10.2%, Depletions Down 9% in Second Quarter

The effects of the COVID-19 pandemic were easy to see in Craft Brew Alliance’s latest earnings report. Shipments of CBA products during the three-month period ending June 30 — in the thick of the pandemic and its shut down of on-premise establishments — declined 10.2%, to 206,900 barrels, down from 230,500 barrels in Q2 2019.

Anheuser-Busch InBev Posts 17% Declines in Volume and Revenue in Q2 2020

Anheuser-Busch InBev Posts 17% Declines in Volume and Revenue in Q2 2020

The COVID-19 pandemic cut into Anheuser-Busch InBev’s worldwide volumes and revenue during the second quarter of 2020. The world’s largest beer maker reported that its total volume in Q2 declined 17.1% — as beer volume declined 17.2% and non-beer volume declined 15.5% — while revenue declined 17.7%.

Boston Beer Company Reports Depletions +46%, Shipments +39.8% in Q2

Boston Beer Company Reports Depletions +46%, Shipments +39.8% in Q2

Boston Beer Company reported second-quarter depletions (sales-to-retailers) growth of 46% and shipments (sales-to-wholesalers) growth of 39.8% during the second quarter of 2020, according to financial results shared after the end of trading today.

Craft Brew Alliance Shipments Decline 6.1% in Q1

Craft Brew Alliance Shipments Decline 6.1% in Q1

Craft Brew Alliance posted $45.8 million in sales during the first quarter of 2020, down nearly $4 million from the same time last year, according to the Form 10-Q the company submitted to the U.S. Securities and Exchange Commision and posted to its website Wednesday.

Molson Coors Revenue Down 8.7% in Q1 2020; Depletions Decline 14% in April

Molson Coors Revenue Down 8.7% in Q1 2020; Depletions Decline 14% in April

After a corporate restructuring in the fourth quarter of 2019 and a bevy of new products hitting the market in the New Year, Molson Coors Beverage Company was poised for a strong 2020. But then the COVID-19 outbreak shutdown on-premise bars and restaurants in mid-March, and everything changed. In the first quarter of 2020, Molson Coors’ net sales revenue declined 8.7%.