Earnings

Molson Coors’ U.S. business ended 2022 on a weak note, as the company recorded declines in both shipments (-11.2%) and depletions (-6.8%) in the fourth quarter, according to the company’s Q4 and full-year 2022 earnings report.

The Coca-Cola Company is continuing its “total beverage” mission this year by putting more focus on categories with long growth runways such as coffee, sports drinks, and alcohol, CEO James Quincey said during the company’s Q4 and full year earnings call this week.

Boston Beer Company’s top priorities in 2023 are sustaining double-digit growth for Twisted Tea and stemming the losses for Truly Hard Seltzer, executives shared during the company’s Q4 and full-year earnings report. Leadership laid out their 2023 plans to investors. Here are some of the highlights of Thursday’s call with investors and analysts.

For the full fiscal year, Boston Beer shipped 8.2 million barrels to wholesalers, marking a -3.8% decline compared to 2021. Depletions (shipments to retailers) also declined by -5%.

Ball Corp., the largest manufacturer of aluminum cans in the world, reported full-year and fourth quarter global shipments up +0.8% and down -6.1%, respectively, including the company’s now-divested Russia business.

Molson Coors CEO Gavin Hattersley declared the U.S. consumer “remains resilient,” as trade up to premium offerings continues and there aren’t signs of “significant channel shifting,” during the beverage-alcohol producer’s Q2 earnings report today.

Anheuser-Busch InBev (A-B) reported a +12.1% increase in revenue, to $15.091 billion, and +3.7% volume growth in the third quarter of 2022, compared to the same period last year, the company shared today in its earnings report.

The Boston Beer Company – parent of Samuel Adams, Angry Orchard, Twisted Tea, Truly Hard Seltzer and Dogfish Head – aims to become the No. 1 beer industry supplier in the fourth category, CEO Dave Burwick said during a conference call with investors and analysts to discuss the company’s third quarter 2022 earnings.

Boston Beer Company reported a -6% decline in depletions, while shipments increased +1.4% in its third-quarter 2022 earnings report today. Boston Beer recorded a $27.1 million non-cash impairment of intangible assets related to the Dogfish Head brand

Constellation Brands’ beer business reported double-digit shipment and net sales growth along with nearly 9% depletions growth in the second quarter of its 2023 fiscal year.

Cincinnati’s Rhinegeist Brewery will begin “a two-stage expansion” into Houston, Texas, starting in mid-August via Silver Eagle Distributors.

Molson Coors’ second quarter earnings report featured varied results, including volume declines, an increase in net sales per hectoliter (+7.1%) and the company’s first increase in U.S. dollar share in more than a decade.

Anheuser-Busch InBev reported +11.3% revenue growth and +3.4% volume growth globally for the second quarter of 2022. “Our business delivered sustained profitable growth,” CEO Michel Doukeris said in a press release. “Our volume increased by 3.4%, our top-line by 11.3% and EBITDA by 7.2%. The relentless execution of our strategy, the strength of our brands and accelerated digital transformation enabled us to meet the moment in an ongoing dynamic operating environment.”

Boston Beer Company’s leadership admitted the company has not performed “as expected” so far this year, lowering its guidance to a volume loss between -2% and -8%, during an earnings call with investors Thursday afternoon.