Category Archives: Earnings Report

MGP Ingredients Profit Soars 126% on 58% Jump in Sales

Posted on February 24, 2022 by Joel Whitaker

MGP Ingredients reports 2021 net profit of $90.6 million, or $4.37 a share, up from $40.08 million, or $2.37 a share, as sales rose to $626.72 million for $395.52 million. “Our record performance this year demonstrated the strength of our business … Continue reading →

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ABI Revenue Jumps 15.6% on 9.6% Volume Rise;

Posted on February 24, 2022 by Joel Whitaker

Anheuser-Busch InBev reports revenue grew 15.6% to $54.304 billion in fiscal 2021 on a 9.6% rise in volume.  Profit rose to $5.774 billion from $5.022 billion a year earlier. In North America, revenue rose 3.3% with no growth in volume.  … Continue reading →

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Molson Coors Net Sales Up 6.5% in 2021, Returns to Profit

Posted on February 23, 2022 by Joel Whitaker

Molson Coors Beverage Co. reports net sales rose 6.5% in 2021 to $10.28 billion, the first time in a decade that the company posted full-year revenue growth. Net income reached $80 million, reversing a $1.37 billion loss a year earlier. The … Continue reading →

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Campari Group Sales Up 22.6%, Profit Surges 52.4% in 2021

Posted on February 23, 2022 by Joel Whitaker

Compared to the full year 2019, which represents the unaffected base with regards to the Covid–19 impact, the organic growth was +20.5%. The positive net sales organic growth continued in the fourth quarter, up +20.9%, despite the challenges of logistic … Continue reading →

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Beam Suntory 2021 U.S. Sales Exceed Global Sales Rise of 11%

Posted on February 18, 2022 by Joel Whitaker

Beam Suntory reports sales for 2021 were up 11% globally. These results also demonstrated strong growth versus the pre-pandemic year of 2019, with sales also up 11% over the past two years.  Sales in the U.S. grew high-single digits, bolstered … Continue reading →

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Boston Beer Posts $52.8 Million Loss in 4th Quarter

Posted on February 16, 2022 by Joel Whitaker

What do you do when you post a whopping $51.8 million loss in the fourth quarter, one which more than wipes out a year-earlier profit of $32.8 million, or $2.64 a share?  If you are a market leader, you point … Continue reading →

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