EPISODE · Aug 7, 2026 · 4 MIN
Diageo Resets, Molson Coors Cuts 400 Jobs
from AlcBev in Five
Diageo Reports Sales Down 2%, U.S. Recovery Two Years Out. Diageo reported a 2% organic sales decline for its June fiscal year and placed a U.S. spirits recovery roughly two years out, a horizon suppliers and distributors can set forecasts against. (Shanken News Daily, Diageo) Diageo Unveils $1 Billion Cost Plan, Backs RTDs and Guinness. CEO Dave Lewis announced a $1 billion cost-cutting program while naming RTDs and Guinness as continued investment areas, signalling where the largest spirits supplier is still spending. (Brewbound, BevNET, The Drinks Business) Molson Coors Cuts 400 Roles as Quarterly Profit Falls 49%. Molson Coors said it would cut about 400 salaried Americas jobs as second-quarter pre-tax profit fell 49%, putting a figure on the beer slowdown's effect on brewer P&Ls. (Journal Sentinel, Brewbound, Investing.com) Also moving today: June Beer Industry Supply Declined YoY; Losses Eased Compared to May, per BI (Brewbound) Heineken's Profit Beats Forecast After 3,000 Job Cuts (Hospitality Ireland, Brewbound) WSWA Sees “Signs Of Stabilization” In Wine And Spirits Market (Shanken News Daily) Under Sazerac, Minute Maid Spiked Chases Hard Tea’s Shift To Spirits (Brewbound, BevNET, Shanken News Daily) Get AlcBev in Five in your inbox every weekday: https://alcbevinfive.com
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What this episode covers
Shanken News Daily reports Diageo's full-year organic sales fell 2 percent to 19.6 billion dollars while organic operating profit rose 2 percent, with company guidance placing a U.S. spirits recovery roughly two years out; Brewbound, BevNET and The Drinks Business report CEO Dave Lewis unveiled a 1 billion dollar, three-year cost reset aimed at RTDs and Guinness, ruling out further acquisitions or major disposals. Per the Journal Sentinel, Molson Coors pre-tax profit fell 49 percent in the second quarter to 283.3 million dollars on sales down 3.3 percent, and the brewer will cut about 400 salaried jobs in the Americas by year end. Also moving: June U.S. beer supply down 2.1 percent per the Beer Institute, a high-single-digit U.S. volume decline at Heineken, stabilization signs in WSWA SipSource data, and Minute Maid Spiked's first hard tea.
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Diageo Resets, Molson Coors Cuts 400 Jobs
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