Weathering The Storm: Hurricane Helene’s Impact On CPG Companies

Weathering The Storm: Hurricane Helene’s Impact On CPG Companies

What was it like for CPG businesses to bear the brunt of a once-in-a-thousand-year hurricane? In the wake of Hurricane Helene’s devastating impact in September, we spoke with a handful of brands from North Carolina to hear how they are rebuilding from loss through communal support and entrepreneurial resilience.

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Molson Coors Q3 2024: Double-Digit Declines Across the Board; Green Shoots for Blue Moon

Molson Coors Q3 2024: Double-Digit Declines Across the Board; Green Shoots for Blue Moon

The beer category’s sluggish summer was apparent in Molson Coors’ third quarter earnings, which the company reported last week. Net sales in the Americas declined -11%, driven by a -15.6% decline in financial volumes “and unfavorable foreign currency impacts, partially offset by favorable price and sales mix,” Molson Coors wrote in its earnings report.

INSIDER’S Week in Beer: 🙌 Higher ABVs = Higher Sales

INSIDER’S Week in Beer: 🙌 Higher ABVs = Higher Sales

Here at the end of election week … it’s much better when it’s beer that is seeing its extremes are widening. BWC broke out the growing divide in ABV preferences in the U.S. since 2022, for sales through Oct. 20 via NIQ data:

Monster Q3 Earnings: Alcohol Brands ‘Restructured Under New Management’

Monster Q3 Earnings: Alcohol Brands ‘Restructured Under New Management’

Monster Beverage Company reported that it has “restructured” the senior management of its alcohol brands division, following the appointment of Ray LaRue as president, the company shared within its Q3 2024 financial results. Nevertheless, the company said it remains “positive for the prospects of alcohol products within our broader portfolio.”

Molson Coors Takes Majority Stake in ZOA Energy

Molson Coors Takes Majority Stake in ZOA Energy

Molson Coors has acquired a majority stake in energy drink brand ZOA in a $53 million cash transaction, expanding its growing non-alcoholic beyond beer portfolio and adding to rising M&A interest across the energy space.