Constellation Brands reported strong performance of its beer portfolio with net sales increasing 7.8% in Q3 2018 as its Mexican import brands have claimed four of the top share gainer positions in the total US beer category.
Constellation Brands ended its first quarter with net sales of $1.9bn, a 15% year-over-year increase, driven by the company’s acquisitions of premium brands coupled with consumer demand for high-end alcohol products.
Constellation Brands made headlines last year when it purchased craft brewer Ballast Point Brewing for $1bn. The focus this year will be on expanding distribution of the craft brews nationwide, while an east coast brewery is also on the cards.
Constellation Brands sees a bright future in the high-end beer market, and its strategies to embrace the category’s potential include a new 10m hectoliter brewery in Mexicali, more capacity for its Nava brewery, and growth for recently-acquired Ballast...
Constellation Brands insists growth targets for its beer business are ‘definitely not pie in the sky,’ as it reports a 12% increase in net beer sales in FY2015.
One US analyst believes that a more aggressive US pricing strategy led by Anheuser Busch InBev could reignite sales growth for craft beer competitor Samuel Adams.
CONSTELLATION BRANDS BEER BUSINESS HAS ‘EXCEPTIONAL MOMENTUM’
Constellation Brands announced yesterday that its Mexican beer brand Modelo Especial is poised to overtake Heineken as the No.2 selling imported beer in the US.
Cowen and Company analyst Vivien Azer says her company likes Constellation Brands’ ‘outsized’ exposure to imported beer and expects that category to win more share from non-craft domestic brands in 2015.
Constellation Brands CEO Robert Sands says cans offer a huge opportunity to grow sales of beers such as Corona Extra as the firm plans to significantly expand production at its brewery in Nava, Mexico.
Constellation Brands CFO Bob Ryder insists that the firm can leverage Corona Extra’s popularity among Hispanics in particular to boost sales of new super-premium tequila brand Casa Noble.
Constellation Brands Beer Division has expanded the list of production codes in a voluntary recall of Corona Extra, which was originally issued on August 15 because some bottles may contain small particles of glass.
Constellation Brands' beer brand president says the company is 'troubled' by a recall of some bottles of Corona Extra on sale in the US due to they risk they might contain small glass particles.
Anheuser-Busch InBev (ABI) today took back distribution control of Corona Extra from Carlsberg in China as CEO Carlos Brita insists the brand will extend its ‘super premium’ position in the country.
Rob Sands insists Constellation Brands ‘will stick to its knitting’ as beer rival AB InBev launches Mexican import brand Montejo this year and insists the beer poses no special threat to his firm’s stellar US beer growth.
Constellation Brands expects ‘great things’ after launching Corona Light on tap and is confident it can boost draft sales to 10% of its business while beating craft beers on premise and at retail level.
CONSTELLATION BRANDS SLAMS 'VEXATIOUS' LITIGATION OVER UNTENABLE CLAIMS
Constellation Brands misled a Federal court by arguing that it would not co-ordinate beer prices rises to follow AB InBev after the Grupo Modelo takeover and then doing so, nine US beer drinkers claim.
Constellation Brands has heralded the handover of Grupo Modelo’s former US beer business as “successful and seamless”, following a second quarter net beer sales increase of more than 3%.
Heineken CEO Jean-François Van Boxmeer says the company’s flagship brand cannot directly compete with a craft beer sector that has hogged US beer growth over the past decade.
A Mexican Federal court has agreed to hear SAB Miller’s appeal against a July competition commission ruling over alleged monopolistic activities by Heineken and AB InBev subsidiaries.
Constellation Brands says it is introducing a Bloody Mary-style beer in the US as it seeks to exploit a ‘pretty large category’ currently dominated by one player.
US and native microbrewers could profit if Mexico’s antitrust regulator rules that controversial exclusivity deals, which benefit local giants Grupo Modelo and Cuauhtemoc Moctezuma, owned by AB InBev and Heineken respectively, are illegal.
AB InBev has agreed a settlement with the US Department of Justice, which sued to world's largest brewer earlier this year on competition grounds, to halt its proposed $20.1bn acquisition of the remaining stake in Grupo Modelo it does not already...
CEO ROBERT SANDS EXCITED AT SECURING MODELO 'CROWN JEWEL'
Constellation Brands plans to double of the capacity of its new Piedras Negras brewery in Mexico to 20m hectolitres within three years, and says its ‘transformational’ deal with AB InBev will make it the No.3 US brewer.
ABInBev says it will 'vigorously defend' itself against a new consumer class action seeking to prevent its full $20.1bn buyout of Mexican brewer Grupo Modelo, but admits the suit could halt the deal.
CONSTELLATION BRANDS APPEARS CLEAR WINNER UNDER REVISED DEAL TERMS
Anheuser-Busch InBev (AB InBev) has agreed to sell a massive Grupo Modelo brewery to Constellation Brands as part of a $2.9bn transaction, to defuse a US legal fight over its takeover of the Mexican brewer.
With the US Department of Justice (DOJ) gunning to takedown AB InBev’s $20bn takeover of Grupo Modelo, the firm likely prefers peace talks in the Sheriff’s office to a High Noon-style shootout.
Constellation Brands claims it is outperforming the US wine and spirits industry via Symphony IRI channels, due to promotional investments gaining ground at retail level.
Constellation Brands claims that Mexican brew Modelo Especial is now the ‘hottest’ beer brand in the US, and CEO Robert Sands says he expects it to become the next Corona.
Despite rumours that AB InBev could eventually follow-up its Grupo Modelo acquisition by attempting to swallow rival SABMiller for $80bn, one analyst told BeverageDaily.com that such a deal raised anti-trust issues, despite the two firms’ ‘complementary...
Anheuser-Busch InBev (AB InBev) has agreed to buy the balance of shares in Grupo Modelo for $20bn, with the transformational deal set to see Corona join Budweiser as a global flagship brand.
Heineken could face more intense price pressure in Mexico if rival AB InBev acquired the other half of native brewer Grupo Modelo, according to a New York-based analyst.
This week, Diageo heads to the court over new taxing measures in
California, a major US roadway is closed over beer-induced chaos
and InBev expresses its concerns to potential takeover target
Anheuseur-Busch.
In the latest briefs, Heineken steps up its presence in Algeria,
The C&C Group continues to be hit by a weak UK cider market,
and Foster's goes brand mad by extending an exclusive deal to push
Corona Extra in Australia.
A difficult half for beer, spirits and lower-end wine sales was
offset by a good performance from premium wine brands at the
US-based drinks group Constellation Brands, though the UK unit also
showed positive developments.
