Category Archives: Earnings Report

Beam Suntory

Posted on July 30, 2020 by Joel Whitaker

Beam Suntory  reports net sales declined 3% in the first half.  Yes, we know, off-premise sales offset on-premise declines, but only so much. Sales were lower at a double-digit rate in markets most severely impacted by the pandemic, including Spain, … Continue reading →

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Molson Coors Sales Fell 15.1% in 2nd Quarter

Posted on July 30, 2020 by Joel Whitaker

Molson Coors Beverage Co. reports net sales in the second quarter fell 15/1% to $2.5 billion and net income fell 41% to $195 million, or 90 cents a share, from $329.4 million, or $1.52 a share. Sales in North America … Continue reading →

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ABI Sees Global Volumes Rise a Bit in June; U.S. Market Share Stable as STRs Ease 6.1%

Posted on July 30, 2020 by Joel Whitaker

Anheuser-Busch InBev reports global revenue fell 17.7% in the second quarter, while net profit plunged to $452 million, or 18 cents a share, from $2.7 billion, or $1.25 a share, a year earlier. “Our performance in the second quarter was materially … Continue reading →

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Marie Brizard Sees U.S. Sales Growing After Partnering with Sazerac

Posted on July 29, 2020 by Joel Whitaker

Marie Brizard said its second quarter revenue for the Americas cluster was up 29.4%.  Much of that surge came from the U.S., where the French distiller had shifted its portfolio to Sazerac Co. “Business in the United States during the … Continue reading →

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LVMH Wines & Spirits Revenue Falls 20% in 1st Half

Posted on July 28, 2020 by Joel Whitaker

In case you’re wondering, that’s a lot better that LVMH’s watches and jewelry business, which plunged 39% in the half.  LVMH’s wines and spirits business saw its profit from recurring operations fall 29%, which was a lot better that its … Continue reading →

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CBrands Sales Slip 6% but Beer Depletions Jump 5.6%, Mexican Beer Production Back

Posted on July 1, 2020 by Joel Whitaker

Constellation Brands reports  sales slipped 6% to $1.96 billion thanks to Covid-19.  Beer depletions remained strong, production in Mexico returned to normal levels in June, and wine and spirits brands continued to gain traction in the fiscal first quarter. Net … Continue reading →

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