Category: Quarterly Financial Reports
Latest financial news from publicly traded brewing companies
News Boston Beer Shipments Down 2.4% in 2024 – Plans More Marketing and Slight Price Increase in 2025
Boston Beer Company released their fourth quarter and full-year financial results yesterday which showed shipments down by 2.4% and depletions down by 2% in 2024 versus 2023. Net revenue for the year increased 0.2% to $2.01 billion. The drop in shipments across the spectrum of brands shows that even with a highly diversified portfolio of beer and non-beer beverages growth can be elusive in the current alcohol beverage industry.
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News Tilray Craft Beer Bet May Be Paying Off
It was one year ago that global cannabis company Tilray Brands Inc. made a splashy acquisition of eight brands from Anheuser-Busch including 10-barrel Brewing, Widmer Brothers, Redhook, Breckenridge Brewery, and AB in-house craft brand Shock Top amount others. That deal appears to be paying off.
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News AB InBev Reports Increase in Revenue Despite Sales Decline
Anheuser-Busch InBev reported an increase in global revenue of 2.6% in the first quarter of 2024, despite a dramatic decline in sales in the U.S. Revenue in the U.S. market fell 9.1% in the first quarter and sales to U.S. retailers dropped 13.7%.
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News Boston Beer Shipments Up 0.9% in First Quarter Due to Twisted Tea Growth
Given the state of the industry, Boston Beer has kicked off 2024 with some pretty good numbers, reporting that shipments increased by 0.9% in the first quarter of 2024 versus the same period last year. According to the company, the nearly one percent growth was due primarily to growth in Twisted Tea, offset by declines in Truly Hard Seltzer and the other Boston Beer brands.
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News Boston Beer Reports Tough Year with Shipments Down 6% – Announces New CEO
Dave Burwick, CEO and president of Boston Beer Company has announced his retirement as of April 1st. He will continue to serve in an advisory role with the company through March 2026. The news comes after the company released its fourth quarter financial results which show shipments down by 6.2% for the full year 2023.
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News Tilray Finds Strong Growth in Craft Beer – Plans Additional Acquisitions
Struggling to compete in a complex and floundering cannabis industry, Tilray Brands has found relief in the beer industry with second quarter 2023 earnings showing net revenue from its alcohol business up 117%. After a string of recent craft brewery acquisitions, Tilray is now the fifth-largest craft brewer in the U.S.
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News Beer Growth Drives Strong Q2 for Constellation Brands
Growth in craft beer may be flattening, but imports are booming, at least for Constellation Brands, which reported a 9% increase in Modelo Especial and an 8% increase in beer sales overall in the company’s second quarter earnings report.
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News Molson Coors Shows Strong Qtr. 2 Financial Results Despite Market Challenges
It’s that time of the year when the large global brewers announce their mid-year financial results, giving a good indication how the year will look for each company and the industry as a whole. Molson Coors posted 11.8% growth in second quarter net sales, its best quarterly brand volume trend since the MillerCoors Joint Venture in 2008.
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News Heineken Reports Profit Decline in First Half 2023 After Price Increase
Dutch brewer Heineken saw operating profit drop by 22% on an adjusted basis in the first half of 2023. The drop was attributed primarily to an unexpected decline in profits in the Asia-Pacific region, but the decrease in profits was especially notable since the company took a 14% increase in pricing last year.
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News Asahi Attributes Strong First Quarter Growth to Success of Non-Alcohol Launch and Price Adjustments
Japan’s Asahi Group saw a significant increase in total revenue during its first quarter with a 7.9% year on year increase, driven largely through what the company attributed to price revisions and premiumization. The company also pointed towards the successful launch of alcohol-free beer Asahi Super Dry 0.0%, which has contributed to the growth of the Asahi Super Dry brand.
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News Constellation Beer Sales Drop 2% in Latest Qtr. – Predicts 7% Growth Over Next 12 Months
Constellation reported that quarterly beer shipments were down by 2% for the three months to the end of February. For the next 12 months the company predicts beer net sales growth of between 7% and 9%, indicating that the company is optimistic for the coming year.
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News Molson Coors Reports US Shipments Down 11% in Fourth Quarter 2022
Molson Coors reported that shipments in the US were down by 11% and depletions were down by 6.8% in their 4th quarter 2022 earnings report. Full-year financial volumes declined 2.1%, essentially in-line with brand volumes, which were down 2%.
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News Boston Beer Shipments Increased 1.4% in Third Quarter – Up 8.0% for Year-to-Date
Boston Beer announced financial results for the third quarter 2022 (13 weeks ending September 24). Depletions for the company decreased 6% and shipments increased 1.4% (to 33,000 bbls) compared to the third quarter of 2021.
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News Boston Beer Announces Tough Second Quarter as Hard Seltzer Declines
Boston Beer has again cut its earnings forecast as demand for its once hot hard seltzer Truly continued to decline along with the category as a whole. Hard seltzer dollar sales declined by 13% in the second quarter of 2022 (in measured off-premise channels).
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News Boston Beer Reports Fourth Quarter and Full Year Financial Results
The Boston Beer Company today reported that fourth quarter depletions increased 15% and fourth quarter shipments decreased 24.5% compared to the quarter ended December 26, 2020. Fourth quarter net revenue of $348.1 million decreased 24.5% compared to the net revenue realized in the fourth quarter of 2020.
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News Boston Beer Up in Q3 Despite Seltzer Downturn
The Boston Beer Company reported financial results for the third quarter and year-to-date fiscal periods ended September 25, 2021. Third quarter depletions increased 11% and third quarter shipments increased 11.2% compared to the prior year. Third quarter net revenue of $561.6 million increased 14% compared to the prior year
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News Constellation’s Second Quarter Earnings Miss Mark but Beer Brands Do Well
Constellation Brands said adjusted earnings for the three months ended in August, the group’s fiscal second quarter, were pegged at $2.38 per share, down 13.8% from the same period last year and well shy of the Street consensus forecast of $2.77 per share. Group revenues, Constellation said, fell 5% to $2.371 billion, a figure that topped analysts’ estimates of a $2.302 billion tally.
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News AB InBev Projects Strong Growth in 2022 Despite Inflation Fears
Posted by Tom McCormick | Leave a Comment
AB InBev said its earnings before interest, tax, depreciation and amortization (EBITDA) would rise by between 4% and 8% this year, with revenue expanding by a higher percentage, according to an article in The Drinks Business.
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