Brewbound Insiders are getting all the details from the Brewers Association’s (BA) annual report, including how much the trade group’s three biggest revenue drivers declined in 2023. 

Insiders are also:

• Reading remarks from Molson Coors CEO Gavin Hattersley following full-year earnings report;
• Learning what is key to Constellation Brands’ success, according to RBC Capital Markets managing director Nik Modi;
• Diving into Circana weekly scan data pre-Super Bowl;
• Getting details on Tilray Brands’ latest innovation;
• And checking out NoDa Brewing’s brand refresh. 

Insiders also have access to the Brewbound Newsletter Archive, including previous newsletter-exclusive Insider content.

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Brewers Association (BA) president and CEO Bob Pease acknowledged 2023 was “challenging for many small and independent brewers” in a recorded video accompanying the organization’s annual report.

Pease said: “Facing slowing growth and heightened competition, the Brewers Association doubled down on our resources and our advocacy to help you find a smarter, more efficient and profitable business.” 

For the trade group itself, nearly all of the BA’s revenue drivers declined year-over-year (YoY) in 2023, according to the organization’s annual report. The BA’s overall revenue declined -2% YoY, to $22,914,025.

Insiders can read more about the BA’s 2023 financials. 

Following Molson Coors’ Q4 and full-year earnings report Tuesday, CEO Gavin Hattersley fielded questions from analysts on a range of topics from the stickiness of his company’s share gains, to why draft trends are struggling, to overall industry performance.

Here are a few highlights from the investor call – and follow this link if you missed yesterday’s breakdown of the numbers..

On Blue Moon … Hattersley admitted that 2023 was a “challenging” year for the brand. However, the brand has seen improvement in the on-premise, where it has grown share in the last four weeks, per CGA data.

2024 plans include a packaging refresh and a new brand campaign rolling out in March. Innovations on the way include Blue Moon non-alcoholic (NA) and the rechristening of Blue Moon Light Sky as Blue Moon Light.

On draft volume struggles … Hattersley pinned it on craft’s “negative draft performance” and the number of craft beer brands that “might be being discontinued in the on-premise.”

Insiders can read more of Hattersley’s comments, including more on the industry's draft issues, the permanence of the company's share gains and more.