Anheuser-Busch InBev released their 2020 first quarter earnings report and it is a stark reminder of just how rough the global pandemic has been on the beer industry. Total volume worldwide was down 9.3% and total revenue was down 5.8%. April volume was down a huge 32%.   The company also said that second quarter… Read More…

In what will likely be a long string of troubling first quarter financial reports in the brewing industry, Craft Brew Alliance reported first quarter shipments down 6% and revenue down 8%, due to “on-premise closures” according to a company financial statement released today. Kona, the company’s largest brand was down 2% in shipments while Widmer… Read More…

Despite the impact of the COVID-19 pandemic in the second half of March, the Boston Beer Company reported a continuation of impressive growth in first quarter 2020 with a net revenue of $330.6 million, or 31% from the same period last year and an increase in shipments of 32%. Excluding the addition of the Dogfish… Read More…

After a disappointing year last year, Anheuser-Busch InBev announced today that they expect first-quarter earnings will drop about 10%, the sharpest drop in over a decade. Fourth-quarter net income dropped 75% to $114 million, from $456 million a year earlier and revenue was down 1.3% to $13.33 billion.   In the U.S., which is its… Read More…

The Boston Beer Company reported fourth quarter 2019 net revenue of $301.3 million, an increase of $76.1 million or 33.8% from the fourth quarter of 2018, mainly due to the enormous success with their hard seltzer Truly.   Shipments increased by 37% for an additional 304, 000 bbls in the fourth quarter while depletions were… Read More…

Shares of Constellation Brands stock jumped 3.5% in early trading Wednesday, after reported fiscal third-quarter profit and revenue that beat expectations and raised its full-year outlook.   Total sales rose to $2.00 billion from $1.97 billion and beer sales, led of course by Corona and Modelo Especial, increased 8.3% to $1.31 billion. Modelo was the… Read More…

Boston Beer Company reported strong third quarter results with a 19% increase in shipments over the same period last year.   The quarterly financial report was the first to combine Boston Beer numbers with those of Dogfish Head since the recent merger of the two companies. Net revenue for the two combined increased by 23%… Read More…

Heineken reported operating profit growth at just 0.3% for the first half of 2019, missing company projections which lowered shares in the world-wide brewer more than anytime in the four years. The slow growth was blamed on increased costs for aluminum cans and poor weather in Europe.   Consolidated beer volume globally was up 3.1%…. Read More…

The Boston Beer Company reported second quarter 2019 net revenue of $318.4 million, an increase of $45.3 million or 16.6%, from the same period last year.  This increase was driven by impressive sales growth over the period. Shipments increased 17% in the second quarter and have increased 23% for year-to-date through July 3rd.   On… Read More…