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Business Insider
7 days ago
- Business
- Business Insider
Memorial Day beer sales fizzled, and one big brand was hit especially hard, Goldman Sachs says
Americans bought less beer for Memorial Day weekend, and one brand fizzled more than the rest. The Dutch beer company Heineken had the "weakest" sales among peer beer brands during the holiday weekend, a Goldman Sachs report published Tuesday said. Goldman surveyed about 50 distributors, who represent 230,000 retail outlets, or about 46% of US outlets that sell alcohol. Distributors reported sales trends for Anheuser-Busch, Molson Coors, Heineken, Samuel Adams, and Modelo's parent company. Goldman's report said sales for the overall beer market were "lackluster and largely fell short of expectations" for a variety of reasons, including inflation, tariffs, and immigration. Goldman said Heineken"underperformed," with 66% of US beer distributors surveyed saying the beer company's volumes were down this holiday compared with last year. Heineken did not respond to a request for comment. In the survey, top names including Bud Light, Corona Extra, and Miller Lite also saw a decline in Memorial Day sales volume compared with last year. ABI, Pacifico, and Twisted Tea were among those that saw sales volume increase year over year. About 55% of distributors indicated that beer trends over the holiday were somewhat or much weaker than last year. They said uncertainty around tariffs and high prices of other household items were hurting consumer spending on beer. Some distributors said young people were choosing to drink liquor or "fancier" drinks instead of beer, citing an overall shift to drinking less alcohol. Describing challenges facing Corona Extra, the report cited one distributor who said recent " immigration policy challenges for the Hispanic population" were resulting in reduced consumption for the brand. A cutback on beer drinking during this year's Memorial Day weekend would align with a wider push toward sobriety. Millennials and Gen Zers have reported drinking less in recent years than prior generations did at their age. Gallup, which tracks self-reported drinking trends in surveys over three-year periods, found that from 2021 to 2023, 62% of 18- to 34-year-olds in the US reported drinking alcohol, down from 72% from 2001 to 2003. In January, the then surgeon general, Vivek Murthy, issued a warning about the link between alcohol and cancer. Stocks of several alcohol manufacturers dipped as much as 4% following the report. Companies worldwide are getting creative with low- and no-alcohol offerings. The legacy beer maker Constellation Brands launched nonalcoholic beer in 2022, while Heineken made the move much earlier in 2017. A variety of startups, including Athletic Brewing, Psychedelic Water, and Cann Social Tonic, have also entered the scene for alcohol-free beer and colorful ready-to-drink mocktails.
Yahoo
29-05-2025
- Business
- Yahoo
Constellation Brands to Report First Quarter 2026 Financial Results on July 1, 2025 After Market Close and Host Conference Call on July 2, 2025 at 10:30 AM ET
ROCHESTER, N.Y., May 29, 2025 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today it will report financial results for its first quarter ending May 31, 2025, on Tuesday, July 1, 2025, after the close of the U.S. markets by posting the earnings release and financial tables, as well as other supporting materials, on the company's investor relations website at A live conference call for analysts to discuss the company's financial results, operating performance, strategic business initiatives, and outlook for the future with President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, will be hosted at 10:30 a.m. ET on Wednesday, July 2, 2025. The conference call can be accessed by dialing +1-877-407-9121 and entering conference identification number 13754108, beginning at 10:20 a.m. ET. A live, listen-only webcast of the conference call will be available on the company's investor relations website at under the News & Events section. When the conference call begins, financial information discussed on the call, and reconciliations of reported GAAP financial measures with comparable and other non-GAAP financial measures, will also be available on the company's investor relations website under the Financial History section. For anyone unable to participate in the conference call, a replay will be available on the company's investor relations CONSTELLATION BRANDSConstellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It's worth our dedication, hard work, and calculated risks to anticipate market trends and deliver more for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what's next. Every day, people reach for our high-end, iconic imported beer brands such as those in the Corona brand family like the flagship Corona Extra, Modelo Especial and the flavorful lineup of Modelo Cheladas, Pacifico, and Victoria; our fine wine and craft spirits brands including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey; and our premium wine brands such as Kim Crawford. As an agriculture-based company, we strive to operate in a way that is sustainable and responsible. Our ESG strategy is embedded into our business and we focus on serving as good stewards of the environment, investing in our communities, and promoting responsible beverage alcohol consumption. We believe these aspirations in support of our longer-term business strategy allow us to contribute to a future that is truly Worth Reaching For. To learn more, visit and follow us on X, Instagram, and LinkedIn. MEDIA CONTACTS INVESTOR RELATIONS CONTACTS Amy Martin 585-678-7141 / Carissa Guzski 315-525-7362 / Joseph Suarez 773-551-4397 / Snehal Shah 847-385-4940 / Paccapaniccia 585-282-7227 / A downloadable PDF copy of this news release can be found in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Constellation Brands to Present at the 2025 Deutsche Bank Global Consumer Conference on June 3, 2025
ROCHESTER, N.Y., May 23, 2025 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that Bill Newlands, President and Chief Executive Officer, and Garth Hankinson, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the 2025 Deutsche Bank Global Consumer Conference on Tuesday, June 3, 2025 in Paris, France. The presentation is scheduled to begin at 2:00 p.m. CEST and is expected to cover the company's financial metrics, operating performance, strategic business initiatives, and outlook for the future. A live, listen-only webcast of the presentation will be available on the company's investor relations website at under the News & Events section. When the presentation begins, financial information discussed in the presentation, and reconciliations of reported GAAP financial measures with comparable and other non-GAAP financial measures, will also be available on the company's investor relations website under the Financial History section. For anyone unable to participate in the webcast, a replay will be available on the company's investor relations website through the close of business on June 2, CONSTELLATION BRANDSConstellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It's worth our dedication, hard work, and calculated risks to anticipate market trends and deliver more for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what's next. Every day, people reach for our high-end, iconic imported beer brands such as those in the Corona brand family like the flagship Corona Extra, Modelo Especial and the flavorful lineup of Modelo Cheladas, Pacifico, and Victoria; our fine wine and craft spirits brands, including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey; and our premium wine brands such as Kim Crawford. As an agriculture-based company, we strive to operate in a way that is sustainable and responsible. Our ESG strategy is embedded into our business and we focus on serving as good stewards of the environment, investing in our communities, and promoting responsible beverage alcohol consumption. We believe these aspirations in support of our longer-term business strategy allow us to contribute to a future that is truly Worth Reaching For. To learn more, visit and follow us on X, Instagram, and LinkedIn. MEDIA CONTACTS INVESTOR RELATIONS CONTACTS Amy Martin 585-678-7141 / Carissa Guzski 315-525-7362 / Joseph Suarez 773-551-4397 / Snehal Shah 847-385-4940 / Paccapaniccia 585-282-7227 / A downloadable PDF copy of this news release can be found here. in to access your portfolio
Yahoo
01-05-2025
- Business
- Yahoo
Constellation Brands to Present at the 2025 Goldman Sachs Global Staples Forum on May 13, 2025
ROCHESTER, N.Y., May 01, 2025 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that Garth Hankinson, Executive Vice President and Chief Financial Officer, and Jim Sabia, Executive Vice President and President, Beer Division, will participate in a fireside chat at the 2025 Goldman Sachs Global Staples Forum on Tuesday, May 13, 2025 in New York, N.Y. The presentation is scheduled to begin at 11:40 a.m. ET and is expected to cover the company's financial metrics, operating performance, strategic business initiatives, and outlook for the future. A live, listen-only webcast of the presentation will be available on the company's investor relations website at under the News & Events section. When the presentation begins, financial information discussed in the presentation, and reconciliations of reported GAAP financial measures with comparable and other non-GAAP financial measures, will also be available on the company's investor relations website under the Financial History section. For anyone unable to participate in the webcast, a replay will be available on the company's investor relations website through the close of business on November 13, 2025. ABOUT CONSTELLATION BRANDSConstellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It's worth our dedication, hard work, and calculated risks to anticipate market trends and deliver more for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what's next. Every day, people reach for our high-end, iconic imported beer brands such as those in the Corona brand family like the flagship Corona Extra, Modelo Especial and the flavorful lineup of Modelo Cheladas, Pacifico, and Victoria; our fine wine and craft spirits brands, including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey; and our premium wine brands such as Kim Crawford. As an agriculture-based company, we strive to operate in a way that is sustainable and responsible. Our ESG strategy is embedded into our business and we focus on serving as good stewards of the environment, investing in our communities, and promoting responsible beverage alcohol consumption. We believe these aspirations in support of our longer-term business strategy allow us to contribute to a future that is truly Worth Reaching For. To learn more, visit and follow us on X, Instagram, and LinkedIn. MEDIA CONTACTS INVESTOR RELATIONS CONTACTS Amy Martin 585-678-7141 / Carissa Guzski 315-525-7362 / Joseph Suarez 773-551-4397 / Snehal Shah 847-385-4940 / Paccapaniccia 585-282-7227 / A downloadable PDF copy of this news release can be found here. in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-04-2025
- Business
- Yahoo
2 Buffett Stocks You Can Buy During a Market Crash and Hold Forever
The market crash that followed President Donald Trump's tariff announcement on April 2 was a disaster for short-term-minded investors. For those of us who like to buy and hold dividend-paying stocks for years, though, market crashes create relative bargains out of stocks that previously seemed a little too pricey. Warren Buffett took control of Berkshire Hathaway in 1965, and since then, shares of the holding company have produced a 19.9% average annual return. The legendary investor and his team produced this result despite seven official recessions and even more market crashes. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Buffett's outstanding track record makes the Berkshire Hathaway portfolio a great place to look for recession-resistant stocks. Constellation Brands (NYSE: STZ) and Coca-Cola (NYSE: KO) are two relatively reliable beverage stocks in the Berkshire portfolio that everyday investors should want to pounce on if the market crashes again. Constellation Brands is the beer maker behind Modelo Especial, the leading brand in the U.S. market, and Corona Extra. The company brews all its beer south of the border, which could be a huge problem due to a new 25% tariff on imported beer. Fear of what a 25% tariff could do to imported beer sales is pressuring Constellation Brands' stock price. Shares of the beer, wine, and spirits business have been trading more than 30% below the peak they reached last June. The stock market beating would make sense if price-sensitive consumers bought Modelo and Corona, but this isn't the case. I don't expect higher prices on all imported beer to push many Modelo drinkers toward domestic brands. Long-term investors could take solace that the present administration enacted the new beer tariff via executive order, not by signing a bill from Congress into law. The new tariffs could therefore end when Trump's current term ends in early 2029 -- if they don't end sooner -- if the next president takes steps to end them. At recent prices, you can start a position in this dividend grower at the unusually low price of about 17.6 times trailing free cash flow. In 2015, Constellation Brands initiated a quarterly dividend, and the company is committed to raising the payout every year. At recent prices, the stock offers a 2.2% yield. Tarrifs could cause the dividend to rise slowly over the next four years -- and dividends are never guaranteed -- but rapid profit growth could come roaring back once beverage tariffs end. After all, this will still be the only company selling the popular Modelo Especial brand. In the fourth quarter of 2024, Berkshire Hathaway acquired over 5.6 million shares of Constellation Brands. That seems like a lot, but the position makes up less than 1% of the overall portfolio. If you're going to take a chance on this up-and-coming beverage giant, it's best to take a similarly conservative approach and build a position slowly in case I'm wrong about the effect tariffs could have on imported beer sales. Or wait for the next market crash to bring its price down. Buffett knows a thing or two about how lucrative leading beverage brands can be for patient investors. He famously invested in Coca-Cola stock during the late 1980s and early 1990s. If you include all the dividends it's paid, the stock has delivered a market-beating 6,090% return since the end of 1988. This February, Coca-Cola raised its dividend payout for the 63rd year in a row. At recent prices, it offers a 2.8% yield, plus a heap of confidence that comes with six decades of steady dividend payout raises. The stock fell several percentage points immediately after the White House announced new tariff rules on April 2, but quickly rebounded. It only took a few days for investors to remember that Coca-Cola customers don't expect its most popular products to be produced abroad. With several of the world's most recognized soft drink brands, Coca-Cola investors can rely on strong margins and steady sales. That said, the stock has been trading for about 29.5 times trailing-12-month earnings. That's a historically high valuation, which isn't what you want when investing in a well-established business that you expect to grow slowly. While now might not be a terrific time to buy Coca-Cola, it belongs on your list of dividend growers to buy if another market crash drags it lower again. Before you buy stock in Constellation Brands, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Constellation Brands wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $591,533!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $652,319!* Now, it's worth noting Stock Advisor's total average return is 859% — a market-crushing outperformance compared to 158% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 21, 2025 Cory Renauer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway. The Motley Fool recommends Constellation Brands. The Motley Fool has a disclosure policy. 2 Buffett Stocks You Can Buy During a Market Crash and Hold Forever was originally published by The Motley Fool Sign in to access your portfolio
