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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Big Rock Brewery
Big Rock Brewery (BR) investor relations material
Big Rock Brewery Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary12 Aug, 2026
Executive summary
Q2 net revenue was $13.9M, down 1.0% YoY as total sales volume fell 5.0%; Adjusted EBITDA declined to $0.7M from $1.0M.
H1 net revenue was $24.0M, down 0.4% YoY; volumes fell 7.2% and Adjusted EBITDA declined to $0.4M from $1.7M.
Financial highlights
Q2 cost of sales was $9.6M versus $8.9M YoY; operating income was $0.07M versus $0.40M.
Q2 net loss was $0.6M versus net income of $0.3M; basic and diluted loss per share was $0.03 versus income per share of $0.01.
H1 net loss was $2.4M versus net income of $0.2M; operating loss was $0.9M versus operating income of $0.5M.
Outlook and guidance
Fall priorities include cost-structure improvements, productivity, business investment, innovation, and expanding co-packing partnerships.
Management sees potential to generate incremental revenue by offering third-party storage and logistics using existing warehouse and supply-chain assets.
Management expects the second-lien financing to support operations, capital projects, and optimization; these plans depend on sufficient liquidity and compliance with financing terms.
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Latest events from Big Rock Brewery
- Co-packing and cost reductions underpin a projected 2025 return to $5.2M adjusted EBITDA.BR
Investor presentation - Record Q1 volume supports a turnaround built on RTD investment, contract production, and brand renewal.BRAGM 2025
- FY2025 results rebounded as management pursued growth amid 2026 market and execution risks.BRAGM 2026
- Revenue rose 18.9% and Adjusted EBITDA turned positive as losses narrowed.BRQ1 2023
- Higher Q2 volume and adjusted EBITDA offset lower revenue; co-packing recovery remains key.BRQ2 2023
- Operating results improved sharply despite lower revenue and volumes; Pacer launched in early Q4.BRQ3 2023
- FY 2023 returned to positive Adjusted EBITDA as losses narrowed despite lower revenue.BRQ4 2023
- Lower co-packing volumes widened Q1 losses; recovery is central to 2024 targets.BRQ1 2024
- A new 50,000-hl-plus annual contract aims to offset co-packing losses and support recovery.BRQ2 2024
- Co-packing lifted Q3 revenue, while wholesale declines and investment spending pressured earnings.BRQ3 2024
Next Big Rock Brewery earnings date
Q3 202613 Nov, 2026
Big Rock Brewery
Next Big Rock Brewery earnings date
Q3 202613 Nov, 2026
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