Category Archives: Earnings Report

MGP Sales Surges 71.5%, Profit Soars 129%

Posted on November 4, 2021 by Joel Whitaker

MGP Ingredients reports third quarter sales surged 71.% to $176.6 million and its net profit more than doubled, soaring 129% to $23.7 million, or $1.08 a share. “The record consolidated quarterly results reflect the progress our team has made toward … Continue reading →

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Molson Coors Profit Surged 32% as Sales Rose 2.5%

Posted on October 28, 2021 by Joel Whitaker

Molson Coors Beverage Co. reports net sales for the third quarter rose 2.5% to $2.82 billion and profit jumped 32.1% to $453 million, or $2.08 a share. The company attributed the 2.5% sales gain to strong net pricing in both … Continue reading →

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ABI Global Volume Up 3.4%, Revenue Climbs 7.9%, But Profit Is Halved

Posted on October 28, 2021 by Joel Whitaker

Anheuser-Busch InBev reports volume in the third quarter grew 3.4%, with own beer volumes up by 2.8% and non-beer volumes up by 7.8% and total revenue gained 7.9% to $14/3 billion.  Sales of the company’s three global brands, Budweiser, Stella … Continue reading →

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Campari Group to Raise Prices to Offset Rising Costs

Posted on October 28, 2021 by Joel Whitaker

The increases will be higher than normal, the company said, and will offset costs for glass, alcohol and sugar. “We normally raise prices every year… in 2022 we plan to have more robust increases than usual, given higher costs on … Continue reading →

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Boston Beer Posts $58.4 Million Net Loss, But REvenue Grew 14%, Depletions Rose 11%

Posted on October 22, 2021 by Joel Whitaker

Boston Beer Co. had warned lower hard seltzer volume would hurt its third-quarter earnings, and boy did it.  The producer of Samuel Adams Boston Lager, Truly Hard Seltzer and other brands reported a loss of $58.4 million, a decrease of $139.2 million … Continue reading →

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Pernod Ricard Organic Sales Up 20%

Posted on October 22, 2021 by Joel Whitaker

Sales were driven by a 24% jump in strategic international brands, including Martell, Jameson, Ballantine’s, Chivas Regal and Absolut; 15% increase in strategic local brands, thanks to Seagram’s Indian whiskies; a 21% growth in specialty brands, including Malfy, Avion, Del Maguey, … Continue reading →

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