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Flyers’ Garnet Hathaway Launches Engine 19 IPA with Dogfish Head Craft Brewery to Support Local First Responders
Globenewswire· 2025-08-27 16:05
Core Points - The official launch of Engine 19 IPA, a collaboration between Flyers Charities and Dogfish Head Craft Brewery, aims to support local first responders and their families through the Hath's Heroes initiative [1][4][7] - Engine 19 IPA is a citrus-forward pale ale with a 6.5% ABV, featuring Simcoe, Chinook, and Citra hops, designed to be flavorful and approachable [2][14] - A launch party will be held on September 10 at PHS Beer Garden South Street, featuring samples of Engine 19 IPA and appearances by Flyers players [4][5] Company Overview - Dogfish Head Craft Brewery has been committed to brewing unique beers with high-quality ingredients for nearly 30 years, expanding its offerings to include spirits and ready-to-drink cocktails [6] - Flyers Charities focuses on strengthening communities in the Greater Philadelphia region by removing financial barriers to hockey participation and providing support to families affected by cancer [8] Initiative Details - Hath's Heroes is an initiative led by Garnet Hathaway that raises funds to support local first responders and their families through community-driven events and programs [7]
Anheuser-Busch Continues to Deliver on Recent $300 Million Commitment to American Manufacturing Jobs
Prnewswire· 2025-08-19 11:00
Core Insights - Anheuser-Busch has announced a $300 million commitment to create and sustain U.S. manufacturing jobs, with a significant investment of $15 million in its St. Louis Brewery [1][4] - The company aims to drive innovation and build a stronger future for American workers, veterans, and the manufacturing industry through this investment [2][4] - The recent passage of the American Beer Act in Missouri is expected to facilitate long-term economic growth and support for local jobs [2][4] Investment and Development - The investment in St. Louis includes funding for supply chain infrastructure to enhance the transportation of American-grown ingredients and iconic beers [4] - Anheuser-Busch's Technical Excellence Center in St. Louis has trained over 2,000 employees and will now open its doors to local trade schools, marking a significant collaboration with the National Association of Manufacturers' Manufacturing Institute [2][4] - Recent investments across various breweries include enhancements in production capacity and equipment updates, such as in Baldwinsville, NY, and improvements in transportation capabilities in Houston, TX [3][8] Workforce and Community Engagement - The company is expanding its digital credentialing system to help veterans translate their military experience into manufacturing skills, promoting career opportunities for veterans [4] - Anheuser-Busch has a long-standing commitment to supporting American farmers, military, veterans, and first responders, contributing to community welfare through initiatives like emergency drinking water donations [6][7]
Share buy-back program completed
Globenewswire· 2025-08-18 13:48
Core Viewpoint - Royal Unibrew has successfully completed its share buy-back program, which was initiated on February 25, 2025, with a maximum transaction value of DKK 250 million [1][2]. Group 1: Share Buy-Back Program Details - The share buy-back program was conducted from February 26, 2025, to August 15, 2025 [2]. - A total of 469,720 shares were repurchased at an average purchase price of DKK 532.23, resulting in a total transaction value of DKK 249,999,734 [2]. - The company now holds a total of 603,042 shares, representing 1.2% of its share capital, out of a total of 50,200,000 shares, including treasury shares [2]. Group 2: Transaction Breakdown - The following transactions were made under the program: - Accumulated shares before the last announcement: 457,806 shares at an average price of DKK 533.65 [2]. - Additional purchases included: - August 11, 2025: 2,300 shares at DKK 482.39 - August 12, 2025: 2,300 shares at DKK 480.32 - August 13, 2025: 2,400 shares at DKK 477.51 - August 14, 2025: 2,500 shares at DKK 473.22 - August 15, 2025: 2,414 shares at DKK 475.46 [2].
X @The Economist
The Economist· 2025-08-18 09:20
The booming non-alcoholic sector now accounts for almost one-tenth of beer brewed in Germany. But even in the brightest forecasts, this cannot possibly compensate for the decline in the boozy sort https://t.co/fi0ZwrcQmy ...
Carlsberg CEO notes changing beer habits amid cost pressures
CNBC· 2025-08-15 06:33
Il21 | Istock | Getty Images Spending pressures are dividing beer drinking habits, further clouding the outlook for brewers already battling declining sales volumes. Drinkers are increasingly bypassing once-loved core beer brands and instead opting for premium or economy alternatives, Danish brewer Carlsberg said Thursday, as beermakers confront wider pressures on the drinks sector. "We do see a continued bifurcation in terms of preferences," CEO Aarup-Andersen told CNBC's "Squawk Box Europe" on Thursday. A ...
X @The Economist
The Economist· 2025-08-14 03:40
Market Trends - The non-alcoholic sector accounts for almost 10% of beer brewed in Germany [1] - The growth of the non-alcoholic sector cannot compensate for the decline in alcoholic beer [1]
X @The Economist
The Economist· 2025-08-11 10:40
Industry Trend - Demand decline has led to the closure of nearly 100 breweries in Germany over the past five years [1] - More brewery closures in Germany are expected due to continued decline in demand [1]
Molson Coors slashes outlook again, blames Trump tariffs on aluminum
New York Post· 2025-08-05 20:42
Core Viewpoint - Molson Coors has revised its financial outlook downward for the second time this year, attributing the decline to new aluminum tariffs that are increasing cost pressures on the beer industry [1][5]. Financial Outlook - The company expects net sales to decrease by 3% to 4% this year, a more significant drop than the previously forecasted 1% decline [1]. - Earnings before taxes are projected to fall by 12% to 15%, compared to earlier expectations of only minor decreases [2]. Impact of Tariffs - The increase in aluminum tariffs, which rose from 25% to 50%, has led to higher-than-expected indirect impacts on aluminum pricing, particularly affecting the Midwest Premium pricing for aluminum used in beer cans [3][12]. - The new tariffs apply broadly, affecting all suppliers, including traditional partners like Canada and Mexico [3]. Market Conditions - Beer sales are declining, with U.S. volumes dropping over 5% in the second quarter, as consumers shift towards alternatives like hard seltzers and craft cocktails [8]. - Total volumes in Western Hemisphere markets fell by 6.6% during the quarter, indicating widespread weakness in the beer category [9]. Competitive Landscape - The company is losing market share as competition intensifies, with European, Middle Eastern, African, and Asia-Pacific volumes declining nearly 8% [8]. - Bank of America has downgraded Molson Coors, citing structural headwinds in the beer industry and predicting a 4% decline in U.S. beer volumes this year [9]. Strategic Responses - Molson Coors is currently absorbing much of the increased aluminum costs rather than passing them on to consumers, which is impacting profit margins [6]. - The company is focusing on premium brands and forming partnerships, such as with Fever-Tree, to diversify its portfolio and offset mounting pressures [16].
Here's What Key Metrics Tell Us About Molson Coors (TAP) Q2 Earnings
ZACKS· 2025-08-05 14:31
Molson Coors Brewing (TAP) reported $3.2 billion in revenue for the quarter ended June 2025, representing a year-over-year decline of 1.6%. EPS of $2.05 for the same period compares to $1.92 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $3.12 billion, representing a surprise of +2.61%. The company delivered an EPS surprise of +12.02%, with the consensus EPS estimate being $1.83. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...
Anheuser-Busch Invests $9M in its Baldwinsville, NY Brewery to Drive Local Economic Growth
Prnewswire· 2025-08-05 10:00
LEADING AMERICAN MANUFACTURER CONTINUES ONGOING INVESTMENTS ACROSS AMERICA, PART OF $300+ MILLION INVESTED IN U.S. FACILITIES IN 2025 BALDWINSVILLE, N.Y., Aug. 5, 2025 /PRNewswire/ -- Anheuser-Busch (NYSE: BUD), a leading American manufacturer and maker of Michelob ULTRA, Busch Light, Budweiser, Bud Light, and Stella Artois, today announced a new $9 million investment in its Baldwinsville, NY brewery. Over the last five years, Anheuser- Busch has invested more than $2 billion in its manufacturing facilities ...