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Diageo's Full-Year Results Offer Glimpse Into Alcohol Sales During COVID-19
Tuesday, August 4, 2020 - 2:26pm | 519Read More...Shares of Diageo plc (NYSE: DEO) were losing ground Tuesday after the parent company of Johnnie Walker and other alcohol brands released preliminary full-year results for fiscal 2020. What Happened: Diageo, the world's largest alcohol maker, said total net sales for the fiscal year...
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Coca-Cola Enters Hard Seltzer Market With Alcoholic Topo Chico
Thursday, July 30, 2020 - 4:35pm | 286Read More...The Coca-Cola Company (NYSE: KO) announced Thursday that it will launch a hard seltzer drink under the banner of its Topo Chico mineral water brand. With this announcement, it's a rare foray into alcoholic beverages for 128-year-old Coca-Cola. Coke's Plans For Topo...
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Constellation Brands CEO Talks New Corona Hard Seltzer, 'Pretty Good' Q1
Thursday, July 2, 2020 - 3:00pm | 313Read More...Alcohol company Constellation Brands, Inc. (NYSE: STZ) has certainly felt its share of headwinds as of late, but it didn't "stop us from having a pretty good quarter," CEO Bill Newlands said on CNBC's "Mad Money." Constellation's Shift To Off-Premise: Constellation...
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Restaurant Goers Waiting On Government Assurances Of Safety
Monday, June 8, 2020 - 5:05pm | 324Read More...A joint survey conducted by Rewards Network, American Airlines and United Airlines found 71% of respondents need assurance from government and health officials for when it's safe to eat in restaurants, Restaurant Business reported. What To Know: Among the 1,373 participants in the survey,...
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Boston Beer Analyst Says It's Truly Well-Positioned In Hard Seltzer Category, Raises Price Target
Monday, June 8, 2020 - 12:48pm | 451Read More...The hard seltzer category will continue to grow, but one of the winners in the space today, Boston Beer Company Inc (NYSE: SAM), will remain a leader, according to RBC Capital Markets. The Boston Beer Analyst: Nik Modi maintained an Outperform rating on Boston Beer Company's stock with a...
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Constellation Brands Has 'Very Real' Beverage Production Risks, MKM Says In Downgrade
Friday, May 8, 2020 - 12:25pm | 373Read More...Certain beverage brands and pack sizes from Constellation Brands, Inc. (NYSE: STZ) are already facing availability issues, and the company's number of products out of stock could increase through June, regardless of Mexico’s decision to permit production, according to MKM...
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Constellation Brands CEO Says Alcohol Company Had 'Superb' March
Monday, April 6, 2020 - 2:41pm | 446Read More...Alcohol company Constellation Brands, Inc. (NYSE: STZ) is seeing a minimal impact to sales from the coronavirus, as shutdowns work to "our advantage," CEO Bill Newlands told CNBC "Mad Money" host Jim Cramer in a Friday interview. 'Superb' March For Constellation One...
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Alcohol Sales Up 55% In Third Week Of March
Friday, April 3, 2020 - 4:06pm | 325Read More...Total alcohol sales growth for the third week of March accelerated from 28% to 55%, according to Grocery Dive. Beer By The Case Consumers appear to be stockpiling alcohol ahead of an uncertain time when alcohol stores could be forced to close. Data compiled by Nielsen shows that tequila...
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You Can Soon Order Fresh Food And Alcohol To Pick Up At Target
Wednesday, March 4, 2020 - 4:20pm | 464Read More...Consumers looking to buy fresh food and alcohol online can soon do so at select Target Corporation (NYSE: TGT) stores. Fresh Food, Alcohol Target detailed in a press release its plans as part of its 2020 Strategic Initiative presentation. One of the more notable takeaways is expanding buy-online-...
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Anheuser Busch Inbev Falls On Earnings Miss, Coronavirus Impact
Thursday, February 27, 2020 - 10:05am | 395Read More...Shares of Budweiser's parent company Anheuser Busch Inbev (NYSE: BUD) dropped 9% Thursday morning after the company's earnings report fell short of expectations. What Happened Ab InBev's net income for the fourth quarter fell from $456 million in the same quarter last year to $114...
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Goldman Sachs Prefers Diageo Over Anheuser Busch
Wednesday, February 26, 2020 - 2:42pm | 533Read More...Investors looking for exposure to global alcohol brands may want to consider Diageo plc (NYSE: DEO) over Anheuser Busch Inbev (NYSE: BUD), according to Goldman Sachs. The Analyst Olivier Nicolai initiated coverage of Diageo's stock with a Buy rating and $187.20 price target. The analyst also...
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Dan Bilzerian Launches IGNITE Vodka At Annual Angels & Devils Celebration
Friday, February 14, 2020 - 5:00pm | 257Read More...Dan Bilzerian, an entrepreneur, Instagram influencer and former U.S. military service member, formally launched IGNITE Vodka, the newest premium beverage in the Ignite International Brands Ltd (OTC: BILZF) family of products, at a Valentine's Day-themed party Thursday. IGNITE is a...
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Heineken CEO Talks Beer Trends And More
Wednesday, February 12, 2020 - 6:43pm | 391Read More...Beer company Heineken (OTC: HEINY) has shown investors top-line growth over the past few years by following a simple recipe: giving more choice to the consumer, company CEO Jean-Francois van Boxmeer told CNBC. Emerging Categories In Beer Some of the popular alcoholic beverages which contributed to...
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Pass The Ball, Drink The Hennessy: NBA Names Cognac Brand As Official Spirit Partner
Tuesday, February 11, 2020 - 3:12pm | 338Read More...The NBA is taking a shot of Cognac. The National Basketball Association announced that Hennessy, the top-selling Cognac brand in the world, will be the official spirit of the league, as well as of the Women’s National Basketball Association and USA Basketball. Hennessy replaces Jack...
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Truly Hard Seltzer Positions Boston Beer For Upside, Credit Suisse Says In Double Upgrade
Tuesday, February 11, 2020 - 1:30pm | 402Read More...Sam Adams parent company Boston Beer Company Inc (NYSE: SAM) could see notable upside from the growth and "staying power" of hard seltzer, according to Credit Suisse. The Boston Beer Analyst Kaumil Gajrawala upgraded Boston Beer from Neutral to Outperform with a price target lifted...
