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» Beverage Industry News » Quarterly Financial Reports

Quarterly Financial Reports

ABInBev Volume Down 5.7% in 2020

Beverage Industry News» Quarterly Financial Reportsposted Feb 25th, 2021 12:50:32PM by Tom McCormick

ABInBev reported a decline in global volume of 5.7% in 2020 with a drop in revenue of 3.7% for the year.

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CANarchy Collective Up 2% in 2020

Beverage Industry News» News From The Breweriesposted Feb 19th, 2021 03:29:21PM by Tom McCormick

CANarchy Craft Brewery Collective continued to grow in 2020 reporting an increase of 2% in sales to wholesale from 480,000 barrels in 2019 to 490,000.

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Boston Beer Reports Banner Year – Shipments up 54%

Beverage Industry News» News From The Breweriesposted Feb 17th, 2021 06:52:43PM by Tom McCormick

Driven by the huge growth of Truly Hard Seltzer, the Boston Beer Company reported fourth quarter 2020 net revenue of $460.9 million, up 53% from the fourth quarter of 2019. Shipments during the same period were up 54% while depletions increased by 37%.

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Three Global Brewers Fare Better Than Expected in 3Q Earnings Reports

Beverage Industry News» Business of Beerposted Nov 2nd, 2020 05:49:55PM by Tom McCormick

It wasn’t pretty, but it was better than expected for three global brewers who posted third quarter earnings last week.

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Molson Coors Third Quarter Sales Down by 3%

Beverage Industry News» Business of Beerposted Oct 30th, 2020 12:12:19PM by Tom McCormick

Molson Coors Beverage Co. reported a decrease of 3.1% in the third quarter of fiscal 2020, driven by the continued on-premise restrictions from the Covid-19 pandemic.

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Boston Beer Reports Strong Qtr.3 with Shipments Up 30%

Beverage Industry News» News From The Breweriesposted Oct 23rd, 2020 10:58:40AM by Tom McCormick

The Boston Beer Company reported third quarter 2020 net revenue of $492.8 million, an increase of $114.3 million or 30.2%, from the same period last year.  Net income for the third quarter was $80.8 million, an increase of $36.0 million or 80.6% from the same period last year.

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ABInBev and Molson Coors Show Big Drop in 2nd Quarter Financial Reports

Beverage Industry News» Major Brand Newsposted Jul 31st, 2020 05:04:31PM by Tom McCormick

In a peek at how the global pandemic is impacting the worldwide beer market, Anheuser-Busch InBev disclosed their second quarter earnings yesterday. Global revenue declined by 17.7% in the second quarter compared to the same period last year with a decline of 12.0% year-to-date. Beer volume was down 17.0%. The worlds largest brewer showed signs of recovery, with April volumes down by 32.4%, May down by 21.4% and June down by 0.7%. Click here for a transcript of the investor call.

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Boston Beer Reports Big 2 Qtr. Results with Shipments up 40%

Beverage Industry News» Quarterly Financial Reportsposted Jul 23rd, 2020 06:10:01PM by Tom McCormick

The pandemic has not been a crisis for everyone in the beer business. Boston Beer Company today reported second quarter 2020 net revenue of $452.1 million, an increase of $133.7 million or 42.0%, from the same period last year.  Net income for the second quarter was $60.1 million, an increase of $32.3 million or 116% from the same period last year.

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ABInBev Volume Down 9.3% in First Qtr Due to Pandemic

Beverage Industry News» Quarterly Financial Reportsposted May 11th, 2020 05:03:24PM by Tom McCormick

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%.

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CBA Down 6% First Quarter

Beverage Industry News» Quarterly Financial Reportsposted May 7th, 2020 06:18:19PM by Tom McCormick

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 was down 26% in shipments.

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Heineken Drops in 1st Quarter – Lagunitas Continues to Struggle

Beverage Industry News» Internationalposted Apr 25th, 2020 11:55:56AM by Tom McCormick

Heineken reported that total company volume in the US declined mid-single digit, despite the Heineken brand itself growing low-single digits driven by strong sales of Heineken 0.0.

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Boston Beer Continues Strong Growth

Beverage Industry News» Quarterly Financial Reportsposted Apr 23rd, 2020 06:27:41PM by Tom McCormick

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 Head brands beginning July 3, 2019, shipments increased 27.5% from the 13-week period in 2019.

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Budweiser Continues to Lose Market Share

Beverage Industry News» Quarterly Financial Reportsposted Feb 27th, 2020 04:06:23PM by Tom McCormick

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.

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Boston Beer Really Truly Booms in 4th Qtr

Beverage Industry News» Quarterly Financial Reportsposted Feb 19th, 2020 04:22:24PM by Tom McCormick

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.

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Constellation Beer Sales Jump 8.3% in Third Quarter

Beverage Industry News» Quarterly Financial Reportsposted Jan 8th, 2020 09:28:18AM by Tom McCormick

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.

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Boston Beer Continues the Climb

Beverage Industry News» Quarterly Financial Reportsposted Oct 29th, 2019 05:24:57PM by Tom McCormick

Boston Beer Company reported strong third quarter results with a 19% increase in shipments over the same period last year.

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Heineken Reports Soft Growth

Beverage Industry News» Quarterly Financial Reportsposted Jul 29th, 2019 02:33:14PM by Tom McCormick

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.

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Boston Beer Alt Beverages Drive Impressive Growth

Beverage Industry News» Quarterly Financial Reportsposted Jul 26th, 2019 10:41:29AM by Tom McCormick

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.

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Craft Brew Alliance Reports First Qtr. Results

Beverage Industry News» Quarterly Financial Reportsposted May 9th, 2019 11:13:49AM by Tom McCormick

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.

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Boston Beer Shows Strong First Quarter

Beverage Industry News» Quarterly Financial Reportsposted Apr 25th, 2019 01:51:07PM by Tom McCormick

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%.

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