January 16, 2012 |
Beer had a lackluster year in 2011, with the latest estimates showing U.S. shipments at their lowest levels since 2003 as major manufacturers such as Anheuser-Busch and Heineken USA took tumbles. Worldwide, suds shipments were down 2.9 million barrels, or 1.4%, from 2010, according to the latest newsletter from Beer Marketer's Insights. Top-ranked Anheuser-Busch, which owns Budweiser, Michelob, Beck's and more, saw shipments slip 2.9 million barrels - or 2.9% -- to 98,800 barrels.
January 10, 2012 |
Coors Light surpassed Budweiser in 2011 to become the country's No. 2-selling beer, according to the trade publication Beer Marketer's Insights. The milestone, which has been widely anticipated for more than a year, is the result of years of declines by Budweiser, the only full-calorie beer in the top five U.S. beers, according to data from SymphonyIRI, a Chicago-based market research firm. Bud Light is the top-selling beer by a sizable margin. Miller Lite is fourth, with Natural Light rounding out the top five, according to SymphonyIRI data for the 52 weeks-ended October 21. Coors Light, handled by Chicago-based Miller Coors, has been posting slow but steady growth.
August 2, 2011 |
Tom Long, MillerCoors' new chief executive, wants to prove that big beer hasn't gone flat. But persistently high unemployment, an uncertain economy and young consumers' shrinking thirst for mainstream beer are standing in his way. A month since taking the reins of MillerCoors, Long is shifting the Chicago company from cost-cutting to growth mode. SABMiller of London and Molson Coors Brewing Co. of Denver merged their U.S. operations in 2008 to better compete with Anheuser-Busch of St. Louis, the world's largest brewer, which is owned by Belgium-based Anheuser-Busch InBev.
November 11, 2010 |
Unemployment is still taking a toll on some of America's best beer customers: men in their 20s and 30s. But don't count big beer out yet. It's beginning to show signs of improvement. Last week, Chicago-based MillerCoors cited continued sales declines for major brands such as Miller Lite and Coors Light, and even steeper declines for value-price brands. "We're in unprecedented water in the beer business," MillerCoors Chief Executive Leo Kiely said, noting that U.S. beer sales have posted moderate increases annually, with the exception of 1992.
January 31, 2010
USDA cuts price-rise prediction Retail food prices in the U.S. will rise 2.5% to 3.5% this year, less than forecast in December, as costs for seafood, fats and oils decline, the U.S. Department of Agriculture said. "Recovering global economies will lead to increased commodity and energy costs combined with stronger domestic and global food demand to push inflation up from the low 2009 levels," USDA food economist Ephraim Leibtag said. The department reduced its forecast for fish and seafood price gains to 3.5% to 4.5%, from 4% to 5% last month, and lowered its prediction for increases in fats and oils to 3% to 4%, from 4% to 5%. Food consumed at home and meals bought at restaurants will rise 2.5% to 3.5%, according to the report.
September 4, 2009 |
Like the diet trade, the beer business has bred a lot of fads. Remember "ice" beer's glory days, or how about "dry" beer? And what are either of them anyway? Chicago-based MillerCoors is trying to prove that its new brew -- sort of a diet beer -- is no fad, and so far its sales momentum continues to increase. The company's MGD 64, which has just 64 calories, has been one of the biggest success stories in the beer world over the last year. Archrival Anheuser-Busch has taken notice, this month launching Select 55, a 55-calorie brew that it touts as the world's lowest-calorie beer.