Data by Company within Alcoholic Beverages Industry
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Marketcap |
Revenues (TTM) |
Net Income (TTM) |
Employees |
| Company |
(Millions) |
(Millions) |
(Millions) |
Number |
| Anheuser busch Inbev Sa |
$ 108,516 |
$ 54,304 |
$ 6,114 |
- |
| Molson Coors Beverage Company |
$ 13,708 |
$ 11,550 |
$ 1,088 |
16,300 |
| The Boston Beer Company Inc |
$ 4,682 |
$ 2,004 |
$ 64 |
1,429 |
| United Breweries Co Inc |
$ 4,368 |
$ 3,937 |
$ 197 |
- |
| Mgp Ingredients Inc |
$ 2,268 |
$ 802 |
$ 109 |
293 |
| Newage Inc |
$ 16 |
$ 412 |
$ -17 |
- |
| I on Digital Corp |
$ 2 |
$ 16 |
$ 0 |
- |
| Brewbilt Brewing Company |
- |
- |
$ -7 |
- |
| Alcoholic Beverages Industry |
$ 133,559 |
$ 72,720 |
$ 7,547 |
18,022 |
Recent News from Alcoholic Beverages Industry |
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I On Digital Corp
I On Digital Corp, a company operating in the Alcoholic Beverages industry, recently released its earnings report for the second quarter of 2023. The company managed to achieve a break-even point of $0.00 per share, which is an improvement compared to a loss of $0.02 per share in the same period last year and a loss of $0.01 per share from the previous reporting period.
However, the company experienced a significant decline in revenue, with a sharp -98.857% drop to $0.03 million from $2.85 million in the similar reporting period a year ago, and sequentially from $0.00 million. This decline in revenue sets I On Digital Corp apart from the rest of the Alcoholic Beverages industry, which saw top-line growth during the same period. This could potentially be a cause for concern and further analysis is required to understand the reasons behind this decline.
In terms of net loss, I On Digital Corp reported a net loss of $-0.148 million for the second quarter of 2023, compared to a deficit of $-0.547 million in the same reporting period a year ago. While the company managed to reduce its net loss, it is important to monitor the company's financial performance going forward and assess its ability to turn a profit.
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Mgp Ingredients Inc
/>MGP Ingredients Inc., an Alcoholic Beverages company, reported excellent financial results with significant revenue and income growth in the most recent fiscal period. This performance is particularly notable as it defies the prevailing trend within the Alcoholic Beverages sector, where many industry peers are experiencing declining businesses. MGP Ingredients Inc.'s positive financial results serve as a testament to its ability to outperform competitors despite challenging market conditions.
Financial Results Overview:
1. Revenue Increased:
In the most recent fiscal period, MGP Ingredients Inc. witnessed a 7.19% increase in revenue, reaching $209.00 million compared to $194.98 million in the previous year. This indicates a strong sales performance and highlights the company's ability to attract and retain customers.
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Molson Coors Beverage Company
Molson Coors Beverage Company, commonly known as Molson Coors, has shown impressive income growth in recent times. The company announced a remarkable 124.29% increase in income to $1.57 per share, despite a decline in revenue of -31.018% to $1.82 billion in the most recent fiscal period compared to the previous year.
However, in contrast to the dip in revenue, the company experienced a surge in Q1 revenue by 52.051% from $1.20 billion. Additionally, income per share grew dramatically by 375.76% from $0.33 per share, showcasing strong financial performance in the early months of the fiscal year.
The net income of $346.100 million in the financial second quarter of 2023 marked an impressive 108.87% increase from net earnings of $165.700 million reported in the same period a year ago. This signifies Molson Coors' ability to generate higher profits and improve its financial position over time.
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The Boston Beer Company Inc
The recent financial results of The Boston Beer Company Inc demonstrate a significant turnaround for the company. With earnings per share of $4.72 compared to a loss of $0.16 in the previous year, and a positive increase from -$0.73 per share in the previous reporting period, it is clear that the company has made substantial progress.
Moreover, the company's revenue also saw a substantial increase, with a jump of 40.266% to $603.30 million from $430.11 million in the same period last year. Sequentially, the revenue surged by an impressive 47.147% from $410.00 million. This consistent growth in revenue reflects the company's ability to capture an expanding market share.
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Mgp Ingredients Inc
Mgp Ingredients Inc, a leading producer of specialty wheat proteins and starches, has reported a return on equity (ROE) of 13.91% for its first quarter of 2023. While this figure is lower than the company's average ROE of 19.18%, it still ranks as the highest return on equity among its competitors in the alcoholic beverages industry.
Despite a healthy increase in net income of 37.85% from the previous quarter, Mgp Ingredients Inc's ROE diminished in comparison to the fourth quarter of 2022. However, the company's overall ROE ranking has improved significantly in the first quarter of 2023, moving from 1,114 to 422.
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Molson Coors Beverage Company
Molson Coors Beverage Company's recent financial results have been underwhelming, painting a bearish picture for investors. The company had a negative return on equity (ROE) of -8.25%, a worrying trend that is largely attributed to a net loss of $-1 billion, recorded during the twelve months ending in the first quarter of 2023.
What is more alarming is that, despite the challenges, Molson Coors Beverage Company had the highest ROE in the Alcoholic Beverages industry. This would suggest that the industry as a whole is underperforming and this is likely to hinder sales growth for the company moving forward.
Furthermore, although the company's overall ranking improved from 2731 to 517 in the last quarter, the financial results for the first quarter of 2023 were still disappointing. TAP income dropped by -10.16 % per share compare to $0.37 a year ago and income per share turned positive from $-7.22 per share from the previous reporting period.
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