Dear Client: Ahead of the holiday weekend, large swaths of states and major cities are reclosing bars, pointing to the establishments as major sources of coronavirus spread. By the time you read this story, more may have been announced. In Wisconsin on Wednesday, the Madison-Dane County public health department ordered indoor service at bars to … Continue reading “More States and Cities Reclose Bars”
Femsa wins the Second Circuit Court of Appeals decision, giving it veto power over new Interbrew brands for Labatt USA.
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Remember the old adage about the three most important attributes of a store’s success: Location, location, location? Surprisingly, proximity to home and even low prices are not the greatest determinant of where people shopped. Here’s what is. Also, we mourn one of our fallen boys who protected us in Baghdad.
Or at least not as badly as originally thought. Supermarket chains still rule the inner cities, and Wal-Mart has not been able to capture those important dollars. The data show that supermarkets are still the king of American shopping habits. There is something else that is giving supermarket chains a tough financial time: the inability to raise pricing.
René Hooft Graafland, a member of Heineken’s Executive Board, has a somewhat grim view of the beer market worldwide in general and the U.S. market in particular. While Heineken is doing well in food channels, it is getting hit on premise. Just how bad is it, and is Heineken maintaining share in its core markets?
During the month of August you can extend your subscription to Beer Business Daily and/or DPL for a year at considerable discount
This is supposed to be the c-store decade, yet sales are in the doldrums. Who is gaining share in this channel, who is losing, why are c-store sales down, and why do we care?
Those are the words of a jubilant Paul Shipman, President and CEO of the Redhook Ale Brewery, which announced shipments of 67,900 barrels in the second quarter of 2003, compared to 63,100 barrels, a 7.6% increase. Considering it was such a terrible quarter for the beer business in general, it points to a silent trend that has bee creeping up on us: craft beers are growing.
A-B’s shipments exceeded depletions for two quarters running. Something’s got to give. Plus, we look at Molson USA’s half year sales trends, a new beer called Bavaria, July supermarket trends, and SABMiller’s interim guidance.
Boston Beer was up against some tough numbers with last year’s rollout of Sam Light. However, they were able to achieve a 2% growth in STRs in Q2, not bad during these hard times in the beer industry. Also, BBC tightens distributor terms and update on Tumwater dispute.
Full text of Boston Beer’s Q2 2003 results.
FEMSA, the Mexican brewer of Tecate, Carta Blanca, Sol, Dos Equis, and Bohemia, experienced a slowing of export sales volume to the US by 4.5%. In an earnings release, FEMSA said that US sales slowed due to “weakness in the import segment.” Plus, FEMSA brass comments on Interbrew lawsuit.
With A-B and Coors both reporting a mediocre quarter, it appears that Miller Brewing Co. may have had an even worse quarter. Will they be able to turn it around? We take a look.
Coors 2003 Q2 ResultsJuly 24, 2003 — Golden, CO — Adolph Coors Company (RKY) today announced higher consolidated sales for the second quarter of 2003. The company also reported higher net income and earnings per share, driven by a reduction in the company’s effective tax rate in the quarter. For the 13-week quarter ended June … Continue reading “Coors Reports Second Quarter Results, 2003”
The sharks are circling, but Coors brass defended its strategies yesterday despite a weak domestic second quarter. Also, Beer Inst. estimates June shipments were dead flat.