Molson Coors Beverage Company’s overall business remained in the red as the company closed its 2024 fiscal year. However, the fourth quarter showed improvement over the double-digit declines reported in Q3, and leadership is confident the company can return to growth in 2025, according to Molson Coors’ earnings call today with investors and analysts.
Just like the Kansas City Chiefs, draft beer also took an L in Super Bowl LIX. Draft beer volume declined -4.6% nationwide on Super Bowl Sunday, according to on-premise insights firm BeerBoard.
Following Molson Coors’ Q4 and full-year earnings report Tuesday, CEO Gavin Hattersley fielded questions from analysts on a range of topics from the stickiness of his company’s share gains, to why draft trends are struggling, to overall industry performance.
Molson Coors net sales increased +10.7% (+10.1% in constant currency) in Q1 2024, as the company continues to record volume growth from its core brands, the company reported today.
In the latest installment of Brewbound’s A Round With – a weekly Insider-exclusive Q&A series with industry leaders – Katy McBrady, president of Molson Coors-owned Atwater Brewery, dives into the importance of leveraging beer as a conduit to connect with your community, as the Detroit-based craft brewery has done through D Light and limited releases such as Miggy 3000, a pale ale brewed to celebrate Miguel Cabrera’s retirement from the MLB’s Detroit Tigers.
Constellation Brands is expected to be the biggest winner in shelf resets this spring, according to the most recent Beverage Bytes beer distributor survey by Goldman Sachs.
Molson Coors is bringing back one of its most famous advertising campaigns. The company is reviving the Miller Lite “Tastes Great, Less Filling” debate that started in 1975 and tapping a new generation of “Miller Lite All Stars.”
Teamsters are calling for a boycott of Molson Coors’ products as workers continue to strike at the beer giant’s Fort Worth production brewery.
Several news nuggets came out of Molson Coors’ annual 10K filing with the Securities and Exchange Commission (SEC) and first ever presentation at the Consumer Analyst Group of New York (CAGNY) conference earlier this week.
Although union workers went on strike Saturday at Molson Coors’ Fort Worth, Texas-based production brewery, the company’s top executives said the facility is brewing, packaging and delivering beer using “current employees” as of Monday.
Molson Coors’ gains at the expense of competitor Anheuser-Busch InBev’s losses continued to show in the company’s fourth quarter and full-year earnings reports.
The 2024 Super Bowl ad rankings are beginning to filter in, and the results are all over the place for the big game commercials from Anheuser-Busch InBev (A-B) and Molson Coors.
The convenience channel remains a bright spot for beer as the category tackles declines elsewhere, and growth in the channel is expected to continue through 2024, Goldman Sachs analysts reported in the company’s latest Bev Bytes retailer survey.
Constellation Brands overtook Molson Coors as the No. 2 beer category vendor by dollar sales in multi-outlet grocery and convenience stores (MULO+C) in 2023, according to market research firm Circana, which shared its year-end report. Constellation grew off-premise dollars by $1.092 billion to $8.446 billion through December 31.
The fallout surrounding the conservative-led boycott of Anheuser-Busch’s (A-B) Bud Light brand and the accelerated declines that ensued accounted for three of Brewbound’s top stories of 2023. The internal machinations at A-B, including a reshuffling of its craft division, also piqued Brewbound readers’ interests. As we close out the year, here’s a look back at the 10 most-read stories of 2023.
Constellation Brands and Molson Coors are expected to annex more shelf and cooler space in convenience stores following the upcoming spring 2024 resets, according to Goldman Sachs Equity Research’s recent Beverage Bytes survey.
Molson Coors chief commercial officer Michelle St. Jacques announced a series of leadership moves in an all employee email sent today, along with the creation of the Americas Commercial Accelerator, which will be focused on driving “capability building across all geographies and categories.”
