Category Archives: Earnings Report

Beam Suntory Sales Growth in Mid-Single Digits

Posted on August 6, 2019 by Joel Whitaker

Beam Suntory delivered strong first-half results with mid-single-digit sales growth, Albert Balducci, president and ceo, said. Growth was broad-based and global, including mid-single-digit growth in the US and Japan, the company’s largest markets, plus high-single-digit growth in EMEA and Asia … Continue reading →

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Gavin Hattersley to Replace Mark Hunter as Molson Coors President/CEO

Posted on July 31, 2019 by Joel Whitaker

After this morning’s dismal earnings report, we’re not surprised that Mark Hunter has decided to retire as president and ceo of Molson Coors Brewing Co.  The company announced he will be succeeded by Gavin Hattersley, effective Sept. 28. Hattersley, 56, has served as … Continue reading →

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Molson Coors Net Plunges 22.3% as Sales Fall 4.4%, Volume Drops 7% Worldwide

Posted on July 31, 2019 by Joel Whitaker

Molson Coors Brewing Co. reports net sales in the second quarter fell 4.4% to $2.95 billion, volume fell 7% and profit plunged 22.3%. You can’t put lipstick on that pig, although CEO Mark Hunter tried, blaming “unfavorable weather and weak industry … Continue reading →

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Diageo North American Sales Rise 8% on 2% Higher Volume

Posted on July 25, 2019 by Joel Whitaker

That’s based on reported numbers.  Diageo said its organic growth in North America – its largest market, representing 35% of total sales — saw sales rise just 5% on a 2% volume increase. Selling 19 spirits brands to Sazerac Co. … Continue reading →

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Boston Beer Revenue Soars 16.6%, Profit Advances 18.2%

Posted on July 25, 2019 by Joel Whitaker

Boston Beer Co. reports second quarter 2019 net revenue of $318.4 million, an increase of $45.3 million or 16.6%, from the same period last year.  Net income for the second quarter was $27.9 million, or $2.36 per diluted share, an … Continue reading →

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ABI U.S. Volume Falls 2.3%, But Sales Rise 1.8%; Globally, Best Quarter in 5 Years

Posted on July 25, 2019 by Joel Whitaker

Anheuser-Busch InBev reports U.S. sales grew 1.8% even though volume declined 1.8%.  U.S. market share continued to erode, falling 55 basis points in the second quarter alone. U.S. results would have been worse if the brewer’s above-core portfolio hadn’t performed so … Continue reading →

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