27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
There seems to be a consumer shift into American whiskey over the past five years, with growing consumer awareness around the category, Citi’s Wendy Nicholson said in a report. She added that this category continues to generate robust growth, and gain share of the total distilled spirits category.
Sales of spirits grew 5.6 percent in the 4-week period ended September 10, 2016, versus 5.1 percent growth over the last 12 weeks and 5.7 percent growth over the past 52 weeks. Price and mix added 2.2pts to dollar sales growth, while volume growth was recorded at 3.4 percent y/y.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
“Interestingly, most major U.S. spirits makers continue to lag category growth (only Sazerac showed outsized sales growth) – demonstrating accelerated growth trends for the category’s ‘tail’,” Nicholson wrote.
In the brown spirits category, American whiskey grew 10 percent y/y and Irish whiskey was up 20 percent. Tequila grew 12 percent. White spirits delivered slightly softer results with rum down 1 percent y/y, gin up 3 percent and vodka sales growing 6 percent.
Brown-Forman
Sales at Brown-Forman Corporation (NYSE: BF.B) were up 5.2 percent in the 4-week period, driven by 2.8pts of price/mix and volume growth of 2.4 percent y/y.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
Sales growth was led by the company’s premium American whiskey portfolio, with sales of Jack Daniel’s Black up 5.9 percent, Woodford Reserve sales growing 22.5 percent, Old Forester sales up 51.0 percent and Gentleman Jack sales growing 10.9 percent.
Sales of JD Tennessee Honey declined 5.7 percent y/y, although sales of JD Tennessee Fire grew 5.1 percent.
Constellation Brands
Sales of Constellation Brands, Inc. (NYSE: STZ) were up 4.4 percent in the 4-week period, backed by 3.7pts of volume growth and 0.7pts of price/mix.
Sales of Svedka grew 3.8 percent and Black Velvet sales were up 1.9 percent. “Casa Noble sales represented 0.7% of STZ’s total spirits sales (vs. 0.8% over the last 12 weeks) and contributed 5% of STZ’s total sales growth,” Nicholson mentioned.
Diageo
Sales at Diageo plc (ADR) (NYSE: DEO) grew 2.7 percent in the 4-week period, driven by 1.3 percent volume growth.
Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.