Earnings

"Stay calm, carry on" seemed to be the motto at Anheuser-Busch InBev as the global brewer reported total volume declined 1.4% globally, organic revenue rose 7.2% but net profit was slashed to $607 million from $1,975 million a year earlier. That 7.2% revenue growth

Diageo reports for the year ended June 30, net sales rose 10.7% and profit rose 15%.  Although volume in North America declined 4%, net sales advanced 11% from a year earlier and operating profit grew 6%. “We have delivered strong fiscal 23 full-year results, with organic net sales growth

Molson Coors Beverage Co. reports an eye-popping 623.9% increase in net profit after taxes to $342.4 million, or $1.57 a share, on an 11.8% rise in net sales to $3.27 billion. It was the best quarter of reported net sales since Molson and Coors were

Marie Brizard Wine & Spirits reports its revenue in the first half was 14.3% higher than a year earlier.  This was driven by strong performance in France in the second quarter with fewer supply disruptions than in the first quarter. Also helping: a lower out-of-stock rate.

Boston Beer Co. reported depletions eased 3% in the second quarter, shipments decreased 4.5%to 2.3 million barrels, and net revenue slipped 2.1% to $6.03 million, but net income advanced 8.8% to $58 million or $4.72 a share.   "As we expected, our second

LVMH Moët Hennessy Louis Vuitton said first-half revenue for its Wines & Spirits units eased 4%.  On an organic basis, Wines & Spirits revenue was down 3%.  Profit from recurring Wines & Spirits operations was down 9%. It was a good half-year for the Champagne business, which recorded an increase

Scheid Family Wines reports for the fiscal first quarter total revenues were $14.4 million, down $1.5 million, a decrease of 9%. The decrease was driven by the Company's cased goods sales which decreased 16%, from $13 million to $10.9 million, and was offset by an

Scheid Vineyards Inc. said its sales rose 6% in the fiscal year ended Feb. 28 to $59.3 million.   Despite the sales gain, the company booked a net loss of $2.228 million for the year.  A year earlier the company had recorded a profit of $14.2 million, or

Brown-Forman Corp. reports net income surged 36% to $207 million, or 43 cents a share as net sales for fiscal 2023, ended April 30, rose 8% to $4.2 billion(10% organic). Positive portfolio sales growth occurred across all geographic clusters and Travel Retail.  Woodford Reserve sales were up 29%

Treasury Wine Estates said inflation is squeezing demand for commercial-grade wine and driving up packaging costs.  TWE's stock immediately fell 8%. Conditions for commercial wine are particularly tought in Australia and the UK, the company said, adding it was beginning a review of its domestic supply chain. "