Just Drinks’ Post

Lager led boost for Coopers defies national downturn A new lager beer release has fuelled strong sales growth for Australia’s largest independently owned brewer Coopers Brewery. The launch of Coopers Australian Lager has helped family-owned Coopers to post a 1.5 percent rise in total beer sales for the 2024 financial year, defying a year on year 2,.6 percent decline in total Australian beer sales. Coopers’ beer sales, excluding non-alcoholic beers, hit 78.7 million litres, up from 77.6 million litres the previous year. Profit-before-tax for the 2024 financial year was $32.8 million, compared with $28.5 million the previous year. #manufacturing #brewing @coopersbrewery Coopers Brewery https://lnkd.in/gChYdzDR

Non-alcoholic beer was the WORST idea in 2016. It accounted for less than 0.5% of the beer market in America. But Bill Shufelt wasn’t deterred. He quit his job at a hedge fund to chase his dream to make a world-class non-alcoholic beer. He chased down hundreds of brewers to help him craft his beer. Many replied. The problem? Once they found out Bill wanted to make alcohol-free beer, they all turned him down. No self-respecting brewer would do that, right? Well, that is, except one. A brewer working in New Mexico who was looking to move back home to Connecticut—where Bill Shufelt was living. Bill and John got started. But it wasn’t easy. Making a great-tasting non-alcoholic beer is REALLY hard. It would take more than 1 year of trial and error before they were ready to sell something. They called it Athletic Brewing Co. In its first year, they could barely get anyone to try it. They couldn’t even GIVE it away. This year, Athletic Brewing is poised to own roughly 20% of the N/A beer market. And that market size has grown to nearly 2% of all beer sales in the US. Not bad for the WORST idea ever, right? To hear the whole story check it out on my podcast How I Built This, click the link in bio or in the comments below.

Great episode! I think this is a good time to come out and admit that I also drink NA beer. If you want to remove me from your connections, I understand... #howIbuiltthis #athleticbrewing #podcast

In 2020 Asahi acquired CUB for $16 billion and now they control distribution of beer in Australian pubs. They own brands that generate just under 50% of all beer sales across Australia. And they do this by owning the taps in pubs. CUB had set up contracts with pubs across Australia, providing keg rebates in exchange for exclusive rights to supply taps. 80% of beer taps in these pubs can only run CUB products, with the remaining taps termed ‘rotational taps’, where they can serve any beers. Before CUB, Asahi only had 1.2% of the beer market, you could rarely find it on tap as it was competing with 404 other breweries for 1 or 2 rotational taps. Now it's popping up more and more thanks to the CUB contracts. And the numbers reflect this, Asahi sales are up 24% since acquisition. In 2017 the ACCC released their findings that CUB and Lion weren't acting in an anti-competitive manner. But, outside of SA, contracts often specifically exclude Cooper’s, the 3rd biggest brewery, or its products in their contracts with publicans. How is that not anti competitive? Full newsletter in the comments 👇

Did you know that Mexico exports over 35% of the world's beer? Let’s take a look at how this global beer powerhouse continues to dominate the market 🍺 While the U.S. recently celebrated Labor Day—a top occasion for beer sales—beer isn't just an American favorite. This beloved beverage fuels a multibillion-dollar industry enjoyed across the globe, and Latin America, especially Mexico, plays a leading role. Mexico has outpaced traditional European beer giants to become the world’s largest beer exporter since 2010. With brands like Corona and Modelo leading the charge, Mexican beer exports brought in nearly $6 billion in revenue last year, far surpassing countries like Belgium, Germany, and the Netherlands. How did this happen? Strategic mergers and acquisitions played a key part. Heineken acquired Cervecería Cuauhtémoc in 2010, and AB InBev took over Grupo Modelo in 2013. Now, brands like Tecate and Corona are brewed in Mexico but owned by European companies, making Mexico a central hub for global beer production. Driven by the massive demand from the U.S., Mexico now controls over a third of the $17 billion global beer export market. Not bad for a country more famous for tequila and mezcal! 🍻 So, if you’re enjoying a cold Modelo—the top-selling beer in the U.S.—remember that Mexico has become a true beer-exporting powerhouse.

🍻 Did you know that the global beer industry is dominated by massive multinational companies? According to Business 2 Community, the top 10 largest beer companies have market caps exceeding $10 billion! 🌍📈 Despite some slowdown in beer sales for a few US companies, these brewing giants are expected to keep growing. 🚀 Anheuser Busch, with a market cap of $123.15 billion, proudly holds the title of the world's largest brewer. 🏆 Diageo, famous for Guinness stout, comes in second with a market cap of $83.24 billion, followed by Heineken at $53.29 billion. 🍺 In the US, Constellation Brands takes the lead as the leading brewer, with a market cap of $47.11 billion, thanks to its impressive portfolio of Mexican imports. 🇺🇸🍻 Molson Coors, ranking eighth globally, and China Resources Beer, known for the popular Snow Beer in China, also claim prominent positions in the global beer market. 🌍🍻 Cheers to the diverse world of beer, where multinational giants and craft brewers coexist! 🌎🍻 https://lnkd.in/eMP7nivY #BeerIndustry #GlobalBrewers #CheersToBeer

**Revenue of 333, Saigon Lager Beer Plunges 93% in Q1, Plans Lowest Profit in History for 2024** **Impact of Economic Headwinds on Saigon – Tay Do Brewery’s Q1 Performance** Saigon – Tay Do Brewery Joint Stock Company (code STD) recently announced its financial report for the first quarter of 2024, indicating a decline of 18% in net revenue to 68 billion VND compared to the same period last year. Cost of goods sold recorded a smaller decline, leading to a 57% reduction in gross profit to 4.5 billion VND. After deducting expenses, the brewery’s after-tax profit for the first quarter was only 350 million VND, a significant 93% decrease compared to the previous year. Explaining the decline in business performance during Q1, STD reported a 20% reduction in beer production and an 18% decline in beer consumption compared to Q1 2023. Despite implementing measures to reduce production, labor, and management costs, the sharp rise in input material costs resulted in a 93% drop in after-tax profit compared to Q1 2023. Total assets as of the end of March 2024 amounted to 354 billion VND, representing a 12% decrease year-over-year. Cash and cash equivalents stood at nearly 180 billion VND, with over 173 billion VND held as bank deposits. Notably, the company reported a time deposit with a maturity exceeding one year, amounting to 25.7 billion VND. For 2024, the company projects a 4% decrease in revenue to 305 billion VND and an 83% decline in after-tax profit to 2 billion VND compared to the same period last year. If the plan is executed successfully, this will be the year with the lowest profit in the company’s history. The cautious plan for this year is set against a backdrop of anticipated challenges in business operations, including rising commodity prices, interest rates, and exchange rates amidst increasing global inflation. Furthermore, geopolitical tensions between Russia and Ukraine pose potential risks to the economy. Additionally, STD acknowledged that the Law on Prevention and Control of Alcohol and Beer Harm and the regulations on administrative sanctions for traffic violations are gradually changing consumer behavior towards alcoholic products. In 2023, the beer industry witnessed a significant decline in consumption due to reduced purchasing power. Stricter enforcement of blood alcohol concentration limits for drivers by authorities led to a considerable drop in revenue and profit for beer companies. Specifically, in 2023, STD’s volume of consumed Lager beer cans reached only 68.2% of the planned target. Additionally, the consumption of bottled beverages reached only 83.85% of the target. Consequently, the company’s net revenue in 2023 was only 316 billion VND, a 21% decrease year-over-year. After-tax profit also declined by 33% to 12 billion VND. Saigon – Tay Do Brewery Joint Stock Company is a manufacturer and distributor of beer products. The company specializes in producing beer and wort, with key products including...

91 years ago, the US ratified the 21st Amendment, ending Prohibition. And Markstein Sales Co. purchased our first keg truck which was used to make private deliveries of Golden Glow Beer! 1933 was a big year for all beer and beverage distributors, especially those who, like us, had been around since before Prohibition. Over the past nine decades, we have seen enormous economic growth in the beer industry as well as the birth of the three-tier system which includes producers, distributors and retailers who work together to balance control and access to alcoholic beverages -- ultimately leading to safer and more responsible consumption of these beverages. Today, brewers, beer importers and beer distributors fuel nearly 2.4 million jobs and contribute more than $409 billion to the economy (according to the National Beer Wholesalers Association). Markstein Sales Co. is proud to have been one of these distributors for the past 105 years and we are excited to continue providing world-class beers and beverages to the Bay Area for decades to come. #MarksteinSales #CheersToThat #BeersToThat #Prohibition #Beer #BeerDistributor #BeerIndustry #MarksteinSales

On this day in 1935, the first canned beer was sold. 🍺 Introduced by the Gottfried Krueger Brewing Company and the American Can Company, the cans were made of tin-plated steel and featured a special enamel lining to prevent any interaction between the beer and the metal, preserving the quality of the beverage. Over 3,000 beer cans—each with their own unique story—are set to go up for auction. Learn more about the rare cans! ➡ https://lnkd.in/gTFGmpda ------- If you like this post and want to learn more about collectibles, the hobby and the industry, please: 👍 LIKE ✍ COMMENT ♻️ REPOST #collectibles #history #americana #beerlovers | Molson Coors Beverage Company

Potential HUGE consolidation pending in the alcohol industry: Is Boston Beer about to be acquired? Rumors have been swirling since last month that the $4B beer co is a takeover target. Some quick background and potential implications for the beer industry: Boston Beer has had a hell of a run since it was founded in 1984 by Jim Koch. The flagship brand- Sam Adams- is named after the US Founding Father who, turns out, was a brewer/maltmaster. Boston Beer has built a strong portfolio across beer/malt through M&A and innovation: - Sam Adams - DogFish Head - Truly Seltzer - Twisted Tea - Angry Orchard Their stock rocketed during Covid, but has come back down in the last year or so for a relatively flat 5 year net return. Consolidation is the standard in the alcohol industry: much of corporate strategy is fueled by M&A. In fact, many/most of the brands you'll see on shelves/bars are owned by a surprisingly small number of conglomerate holding companies. Beer's had a rocky last few years with sales normalizing after a covid-spike and seemingly endless bad press for the category. The bad press is critical because its amplified (and likely over exaggerated the situation) but its had a material effect on many public beer stocks. There was also a glut of beer brands launched after the craft beer boom of the late 2010's, so the entire category is due for somewhat of a shakeup. For all of those reasons, some consolidation in the beer industry makes sense right now. My gut is that it will be one of the large beer companies or a take-private strategy by a PE fund. In any case- I think it's a great buy for anyone who can afford it. Boston Beer's underlying portfolio is strong; if integrated into a larger beer organization, some obvious and immediate efficiencies will be had on distro, sales, marketing, supply chain, etc. There are also some interesting potential line extension efficiencies or tuck-in acquisitions that might complement the portfolio. In any event, I think we'll see more consolidation in the beer industry in the coming years, which will setup a big bull run for the category. Despite the rough few years for the space, I think the bottom is in and bright times are ahead. (https://lnkd.in/esbqfWG9) Whether or not Boston Beer actually gets acquired anytime soon, expect to see more beer brands (large and small) get scooped up by sharp roll-up strategies or aggressive larger companies. The industry was/is ripe for a bit of a clear out/integration of many brands that might be stronger together (and also a wipe out of some of the weaker brands). This provides the foundation for a more efficient beer market in the years to come. I fully expect to see a strong next decade for beer. The companies that make good strategic moves right now will be well-poised to capture some serious growth in the years to come. Exciting times ahead for beer!