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…

Craft Brew Alliance reported a first quarter 5% drop in deletions, which along with a recent $4.7 million cost to settle a lawsuit over alleged “false and deceptive advertising,” resulted in a net income loss of $7.3 million.   The Kona brand, driven by a $4.6 million national marketing campaign was up 10% in the… Read More…

The Boston Beer Company reported first quarter 2019 net revenue of $251.7 million, an increase of $61.2 million or 32.1% from the same period last year, mainly due to an increase in shipments of 32.5%.   The significant increase in net revenue, compared to the first quarter of 2018, was driven by the planned acceleration… Read More…

Craft Brew Alliance (CBA) announced an increase of 6.4% in net sales compared to same period last year, driven mostly by the 23.9% increase in the Kona brand-family. It was the strongest quarterly earnings report overall for CBA ever with $62.3 million in net sales and 239,000 barrels shipped. Following is the press release provided by… Read More…