In September, Boston Beer pulled its earnings guidance as the slowdown continued. "We had a one-time charge that obviously hurt the bottom line, but we raised guidance because we have a lot of confidence in being able to absorb that charge and still beat the numbers at the end of the year."Ĭonstellation Brands, which launched its Corona Hard Seltzer last year, is not the only alcoholic beverage company to face challenges in the category.īoston Beer reported weaker-than-expected quarterly results in July as a result of sales of its Truly hard seltzer brand. We remain extremely excited about the growth profile of all of our brands," he continued. The Corona brewery offers two 5.8 ABV seltzers the Pineapple Seltzer, which is made with champagne yeast and pineapple puree, and the Tip of the Iceberg, a blend of seltzer and sorbet that. Save time shopping online and also save an average of 9 when you buy a 2-4. It’s as simple as browsing, shopping and sipping. You see great takeout on some of our key wine brands. Easily order 1,000+ beer brands online for pick-up or delivery in select communities. That continues to increase household penetration and velocity. "When you look at our top line, you've got brands like Modelo that were up 16%. Even though people think of hard seltzer as mainly a summer drink, this flavor is primed for all-year. "Our entire miss was because of the obsolescence charge," Newlands said. Arctic Chill Raspberry Lime Hard Seltzer. Snoop Dogg, who is a major figure in ads for Corona beer and Corona hard seltzer, this week was broadcast narrating his latest promo video for a competing hard seltzer brand called Happy Dad. The company recorded a $66 million obsolescence charge related to excess hard seltzer inventory. CORONA SELTZER TROPICAL VARIETY / 12 OZ CAN / 12PK (12 oz.) 19.99. seltzer water from the makers of Corona Extra Beer and with the same chill attitude and premium quality for which Corona is known. 31, compared with Wall Street's consensus estimate of $2.77. BEER CORONA SELTZER TROPICAL VARIETY / 12 OZ CAN / 12PK. While revenue exceeded projections, Constellation, the parent company of Corona and Modelo, said it earned an adjusted $2.38 per share in the quarter ending Aug. It will check in at 90 calories, 4.5 ABV and zero grams of carbs and sugar. Personal Loans for 670 Credit Score or Lower The Corona Hard Seltzer line will come in four flavors: Tropical Lime, Mango, Cherry, and Blackberry Lime. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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