Articles Tagged with 'Earnings'

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.

Anheuser-Busch InBev Worldwide Revenues Grow Despite Declines in US

Anheuser-Busch InBev Worldwide Revenues Grow Despite Declines in US

Anheuser-Busch InBev today reported global revenue growth of 5.9 percent in the first quarter of 2019, despite continued declines of its two biggest brands in the U.S. A-B, the world’s largest beer manufacturer, recorded global revenue growth of nearly $12.6 billion during the quarter, and a gross profit of more than $7.7 billion, as its worldwide volume increased 1.3 percent. The company’s revenue per hectoliter also grew 4.6 percent during the period.

Molson Coors’ US Shipments, Depletions Decline in Q1

Molson Coors’ US Shipments, Depletions Decline in Q1

Worldwide sales of Molson Coors offerings in the first quarter declined 1.2 percent, to $2.3 billion, the company reported today. Molson Coors reported a 4.7 percent decline in worldwide brand volumes, to 18.2 million hectoliters. Nevertheless, the company’s net sales per hectoliter increased 2.3 percent through March 31.

Boston Beer Loads Up Wholesalers with Truly for the Summer

Boston Beer Loads Up Wholesalers with Truly for the Summer

Boston Beer Company’s first-quarter shipments increased 32.5 percent, to a record 1.1 million barrels, in an effort to supply its wholesalers with about six weeks of Truly Hard Seltzer ahead of the summer selling season.

CBA Plans National Ad Campaign, Double-Digit Growth for Kona in 2019

CBA Plans National Ad Campaign, Double-Digit Growth for Kona in 2019

Hoping to build off the continued growth of its flagship Kona Brewing portfolio, Craft Brew Alliance said it plans to increase sales of the Hawaiian-themed brand by double digits in 2019. During Thursday’s earnings call with investors and analysts, CEO Andy Thomas laid out the company’s plans to hit that goal, while also reflecting on a “good” 2018.

Boston Beer Company Sales Top $995 Million in 2018

Boston Beer Company Sales Top $995 Million in 2018

Boston Beer Company officially returned to growth in 2018. The nation’s second largest craft beer company — which makes Samuel Adams, Angry Orchard, Twisted Tea, and Truly Hard Seltzer, among other offerings — posted double-digit growth in depletions, shipments and sales last year, according to an earnings report released Wednesday.

Last Call: Receiver Reaches Agreement to Sell DME Group’s Main Business

Last Call: Receiver Reaches Agreement to Sell DME Group’s Main Business

In this week’s edition of Last Call: Alvarez & Marsal reaches an agreement to sell DME Group’s main business; lawmakers threaten to limit dates for Boston beer gardens; and the U.S. House introduces the Craft Beverage Modernization and Tax Reform Act.

Molson Coors Sales Decline 2.1 Percent in 2018

Molson Coors Sales Decline 2.1 Percent in 2018

Citing negative volume trends in the U.S. and Canada, Molson Coors reported a 2.1 percent decline in net sales in 2018, according to yesterday’s full-year earnings report. In 2018, Molson Coors posted nearly $10.8 billion in net sales, down from more than $11 billion in 2017.

Constellation Brands Reports Q3 Earnings, Depletions Up 8 Percent

Constellation Brands Reports Q3 Earnings, Depletions Up 8 Percent

Constellation Brands reported its third-quarter fiscal 2019 earnings today, which were highlighted by nearly 8 percent growth in beer depletions (sales-to-retailers) and a 14 percent increase in shipments (sales-to-wholesalers) for the comparable three-month period ending November 30.

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.