Latest news with #Spirits
Yahoo
19-05-2025
- Business
- Yahoo
Smirnoff, Guinness Parent Diageo Talks About Adverse Tariffs Impact
Diageo plc (NYSE:DEO) shares are trading lower on Monday after the company reported a third-quarter fiscal 2025 trading update that showed steady growth in organic net sales and progress on its operational transformation efforts. The maker of Smirnoff and Guinness posted $4.4 billion in net sales for the quarter ended March 31, marking a 2.9% increase year-over-year. Organic net sales rose 5.9%, driven by stronger pricing and shipment volumes. The company's performance in the third quarter benefited from favorable phasing, which is estimated to have contributed approximately 4% to the group's organic net sales growth. This positive impact was primarily observed in North America, with a lesser contribution from the Latin America and Caribbean region. It is anticipated that this favorable phasing will reverse in the fourth reported a 6% organic net sales growth in North America, primarily driven by strong shipment growth in U.S. Spirits. While U.S. Spirits experienced strong shipment growth, Diageo noted that the overall U.S. Spirits category was softer. U.S. Spirits organic net sales were up 7%. The gain was supported by restocking and import pull-forwards in anticipation of new tariffs. Latin America and the Caribbean delivered a 29% organic sales jump, rebounding from last year's inventory correction and buoyed by improved consumer sentiment in Brazil and Mexico. In contrast, Europe saw flat growth as solid momentum in Guinness was offset by continued softness in spirits. Asia Pacific posted modest gains, mainly due to easier year-ago comparisons, while Africa recorded 10% organic growth, fueled by strong demand in East Africa and Ghana. Chief Executive Debra Crew said the company is 'on track' to meet its fiscal 2025 outlook despite macroeconomic uncertainty and new tariffs on U.K. and EU imports into the U.S. Diageo expects the total impact of these tariffs to reach approximately $150 million annually, though it aims to mitigate roughly half of that through cost controls and pricing strategies. As part of its newly launched 'Accelerate' initiative, Diageo plans to generate approximately $3 billion in free cash flow annually starting in fiscal 2026. The program also includes a $500 million cost reduction plan over three years and targets a reduction in leverage to 2.5–3.0x net debt to EBITDA by fiscal 2028. Diageo reaffirmed its fiscal 2025 guidance for the full year, expecting a sequential improvement in organic net sales growth during the second half. However, it anticipates a slight decline in organic operating profit year-over-year, in line with the first half, due in part to ongoing tariff pressures. Capital expenditures for the year are expected to be near the upper end of the $1.3 to $1.5 billion range, and the company projects a slightly lower effective interest rate than the 4.3% recorded in fiscal 2024. The full-year results will also introduce a revised tax reporting method. Related ETFs: Consumer Staples Select Sector SPDR Fund (NYSE:XLP), iShares Global Consumer Staples ETF (NYSE:KXI). Price Action: DEO shares are trading lower by 1.02% to $113.88 at last check Monday. Image by Evgeniyqw via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Smirnoff, Guinness Parent Diageo Talks About Adverse Tariffs Impact originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Associated Press
30-03-2025
- Business
- Associated Press
DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Constellation Brands
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Constellation Brands To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $50,000 in Constellation Brands between April 11, 2024 and January 8, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Constellation Brands, Inc. ('Constellation' or the 'Company') (NYSE: STZ) and reminds investors of the April 21, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose material information concerning Constellation's full year 2024 fiscal results and financial outlook for 2025 which was based in material part on defendants enhanced focus on improving mix, inventory and sales execution in its Wine and Spirits business, specifically focusing efforts within its premium and above brands to drive more consistent growth. Additionally, defendants made investments in media spend and price promotions as well as adjustments in sales capabilities to support distributor partners. On January 8, 2025 defendants issued a press release announcing the Company's third quarter fiscal year 2025 results. In pertinent part, defendants presented a significant miss on sales performance in the Beer segment and an even steeper miss for the Wine & Spirits. Following this news, the price of Constellation's common stock declined dramatically. From a closing market price of $219.28 per share on January 8, 2025 to $181.81 per share on January 10, 2025. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding Constellation's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. To learn more about the Constellation Brands class action, go to or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
Associated Press
04-03-2025
- Business
- Associated Press
ONGOING DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Constellation Brands
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Constellation Brands To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Constellation Brands between April 11, 2024 and January 8, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). New York, New York--(Newsfile Corp. - March 4, 2025) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Constellation Brands, Inc. ('Constellation' or the 'Company') (NYSE: STZ) and reminds investors of the April 21, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose material information concerning Constellation's full year 2024 fiscal results and financial outlook for 2025 which was based in material part on defendants enhanced focus on improving mix, inventory and sales execution in its Wine and Spirits business, specifically focusing efforts within its premium and above brands to drive more consistent growth. Additionally, defendants made investments in media spend and price promotions as well as adjustments in sales capabilities to support distributor partners. On January 8, 2025 defendants issued a press release announcing the Company's third quarter fiscal year 2025 results. In pertinent part, defendants presented a significant miss on sales performance in the Beer segment and an even steeper miss for the Wine & Spirits. Following this news, the price of Constellation's common stock declined dramatically. From a closing market price of $219.28 per share on January 8, 2025 to $181.81 per share on January 10, 2025. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding Constellation's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. To learn more about the Constellation Brands class action, go to or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
Yahoo
23-02-2025
- Entertainment
- Yahoo
Oscar's Final Tea Leaves: Spirits, SAG Awards & What They'll Reveal
Sets are being loaded into the Dolby Theatre, parts of Hollywood Boulevard are already closed and if you're going to the Oscars and haven't figured out what you're wearing (guilty!), it's time to make some even with the Oscars looming so close, there are still two more awards shows to tackle between now and 'I'd like to thank the Academy.' Saturday will bring Film Independent's Spirit Awards — the 40th edition — happening beachfront in Santa Monica and hosted for the second year in a row by Aidy Bryant, who like Oscars host Conan O'Brien was in the star-studded audience at the Saturday Night Live 50th anniversary special this past Sunday. This coming Sunday's Screen Actors Guild Awards, hosted by Kristen Bell, will then be the last precursor before the Spirit Awards, which for years went down on the day before the Oscars, don't always align with the larger awards season race — and can be better for it. Sure, there are some years when indie productions become the Oscar juggernauts, like Nomadland and Everything Everywhere All at Once, and barnstorm through the Spirits as well as the rest of awards season. But in last year's Barbenheimer-dominated race, Past Lives was the big Spirits winner. In 2021, when Netflix was putting most of its campaign muscle behind Jane Campion's The Power of the Dog, the Spirits showered awards on the streamer's quieter contender, The Lost Daughter, directed by Maggie still the presumptive best picture frontrunner following its major guild wins, is nominated in many Spirits categories — Film Independent was the only awards body to throw a nom to Karren Karagulian for his hilarious supporting performance, and for that we salute the org. But The Neon dramedy tied in the nominations tally, at five apiece, with I Saw the TV Glow, the A24 release from director Jane Schoenbrun that's been a more modestly scaled indie hit. An affecting trans allegory and tribute to the cult TV shows of the '90s, I Saw the TV Glow has been highlighted by critics of Emilia Pérez as an example of cinematic trans storytelling that isn't sensationalistic or offensive. Schoenbrun even cheekily posted on X following the uproar around Karla Sofía Gascón's racist tweets, 'Weird I know one trans film whose creative team is associated with only the most wholesome and gutbusting tweets.'I maintained for much of this season that I Saw the TV Glow is exactly the kind of thrilling work from an up-and-coming filmmaker that in another era could have earned a screenplay nomination, like The Royal Tenenbaums, Y Tu Mamá También, Lars and the Real Girl, and many others before it. That obviously didn't happen, but I wonder if the Spirit Awards might take the opportunity to rally behind I Saw the TV Glow, assuming that Anora will have its chance to win elsewhere. The Spirit Awards will stream live on Film Independent's YouTube channel as well as IMDb's. Whether or not their film triumphs at the Spirit Awards, the Anora crew will be reuniting the following day at the SAG Awards, happening a little further inland at the Shrine Auditorium and streaming live on Netflix Sunday at 5 p.m. years the SAG Awards can play an outsize role in the final days of the Oscar campaign. Consider 2020's ceremony, held just six days after Oscar nominations were announced, which brought the surprise best ensemble win for Parasite, the best indication to that point that the industry had rallied behind the South Korean hit. (Four of the last five SAG ensemble winners have gone on to take the Academy's top honor.)This year, the SAG Awards are happening days after the end of final Oscar voting, which means no matter how good your SAG acceptance speech is (we're looking at you, Demi Moore), it's not going to win you any new votes. After the handful of shakeups from the BAFTAs last weekend, though, I'll be eagerly watching to see if SAG's winners might reflect any shifts in the race that happened before Oscar voting closed. I'll also have a close eye on the TV categories — most of the nominees were eligible for Emmys in 2024, but shows like Nobody Wants This, The Day of the Jackal and Matlock may show their strength for the 2025 race. SAG's best ensemble category, the actors' equivalent of best picture, could be particularly fun to watch. Anora is nominated, as is Conclave, which won BAFTA's top prize, renewing speculation that the well-liked Vatican thriller might be a consensus choice with the Academy too. They're joined in the top category by, oddly enough, three musical films: A Complete Unknown, Wicked and Emilia Pé Anora's many strengths is the ensemble cast that surrounds star Mikey Madison — a win in SAG's top category would be both well-deserved and practically a guarantee of an Oscar best picture triumph. But I can't help wondering if Wicked might pull off a SAG Awards ensemble win a la Hidden Figures in 2017: another Oscar best picture nominee that was not competitive to take the Academy's top prize, but was so well-liked — and so celebrated for its dynamic cast — that the actors' guild was eager to embrace the individual acting races I expect the four frontrunners of the season to continue their streaks, despite Madison's BAFTA win — which prompted rumblings that Demi Moore might face stiffer Oscar competition than expected. Personally I'm already picturing the traditional photo of all four acting Oscar winners, with Moore, Adrien Brody, Zoe Saldaña and Kieran Culkin clinking their statuettes in a starry toast. But after talking to SAG Awards executive producers Jon Brockett and Linda Gierahn last week, I'll also be watching for some of the behind-the-scenes logistics that make this show possible. How does the camera get exactly where it needs to be for the perfect reaction shot? How can the SAG Awards, which had to cancel their nominations livestream as the wildfires raged in January, recapture a spirit of celebration? As a true awards nerd, I was thrilled to get the chance to ask Brockett and Gierahn all of it. Anyone who's ever put together a live production knows the week before can be intense, but for the team behind the SAG Awards, set for this coming Sunday, it's 'crunch time times a thousand,' says Brockett, who's marking his fourth year as the show's executive producer. With the Los Angeles wildfires having put their planning process on hold for several weeks, the SAG Awards team has essentially had about a month to assemble the last major pre-Oscar awards show of the season.'We joke that we get a week's worth of work done in one day,' adds Gierahn. 'Every day is just full speed ahead.' Gierahn and her Silent House Productions colleagues Baz Halpin and Mark Bracco joined the SAG Awards as EPs in 2024. Both Brockett and Gierahn are live TV veterans, well aware of how many people it takes to pull these shows off — and of how many jobs they create. So when it came time to reach out to the presenters and nominees for the SAG Awards, they sensed that people were ready not only to have something to celebrate, but also to support the Los Angeles film community in the process.'There were such sensitivities around the fires for obvious reasons,' says Brockett. 'And what we found was a real response, but it seemed to be based on the community — people wanting to come together.' Proceeds from the SAG Awards have always benefited the SAG-AFTRA Foundation, but with the foundation currently operating a disaster-relief fund, the evening's role as a fundraiser will be even more prominent, says Brockett. 'We have talked through that approach with talent too, and about their willingness to be a part of something special that is also giving back.'The evening will also have an 'escapism' element, as Brockett puts it, and few awards show traditions better capture that than the 'I Am An Actor' introductions that have begun each show in recent years. The SAG Awards team won't reveal to me who'll be participating this year, but Gierahn admits it's a 'coveted' role among the A-listers who attend. 'We love getting into the room and seeing not only the actors giving the 'I Am An Actor' speech, but all the actors around them,' adds Brockett. 'It is just a sea of celebrities in that room.' A sea of celebrities who have seen it all — but few are immune to the power of the moment if they actually win, and that's what keeps Gierahn coming back to the job year after year, no matter how much crunch time it requires. 'You have those moments during the show where you literally well up with tears because someone is so excited or just having this incredible moment in their life — and we're a part of that.'
Yahoo
23-02-2025
- Entertainment
- Yahoo
Spirit Awards: ‘A Real Pain' Winner Jesse Eisenberg On 'Spontaneous' Kieran Culkin; Whether He'll Reteam With ‘Zombieland' Star Emma Stone
Jesse Eisenberg, in heading to Oscar night where his A Real Pain is up for Best Original Screenplay, spoke today at the Spirits backstage about his on-set bromance with Kieran Culkin; the Searchlight Sundance acquisition actually about the complex relationship of two cousins traveling to Auschwitz. Culkin is up for Best Supporting Actor at the Oscars and won the category today at the Spirits as well as the Golden Globes prior. He's also up tomorrow afternoon at the SAG Awards. Eisenberg won earlier today for Best Screenplay at the Spirits. More from Deadline Spirit Awards: Two Wins Each For 'A Real Pain', 'Didi' & 'Baby Reindeer'; 'Shōgun' Best New Scripted Series - Updating Live Aidy Bryant Jabs At Kieran Culkin Kissing 'SNL' Sketch That Was Cut, 'The Brutalist' Budget & More In Second Go-Round As Indie Spirits Host Oscar Presenters: Selena Gomez, Oprah Winfrey, Ben Stiller, More Among Stars Added To Line-Up; Nick Offerman Named Announcer Said the A Real Pain star and filmmaker, 'Kieran is a very spontaneous person but he doesn't improvise dialogue. That's not the way we work. Kieran's main love is theater as an actor and you don't improv in theater. We both came from a similar school but he's so spontaneous. You never know what he's going to go or what he's going to do. Occasionally he'll throw in a word. It was a dream to work with him because he's so great. it was a little unnerving the first few days. You want someone who's alive like him.' Culkin was a no show today at the Spirits, the ceremony's host joking about a kissing sketch she did with him that was cut from SNL back in 2021. Eisenberg was asked backstage about working again with his Zombieland co-star, but in a scenario where he's directing her. Does he have a scrip in the hopper for Stone? She did produce his past two directorials, When You Finish Saving the World and A Real Pain. Said the Social Network thespian, 'Every single person in the world who opens a Final Draft folder wants to write something for Emma Stone. She's the greatest in every genre. I tend not to think of writing from the perspective of what actor can do it, more so just characters that interest me. I at some point will probably have the presumption to write something for her and it will be a very awkward conversation where she tells me she's busy. ' Best of Deadline 'The White Lotus' Season 3 Release Schedule: When Do New Episodes Arrive On Max? 'The White Lotus' Season 3: Everything We Know About The Cast, Premiere Date & More 2025 TV Series Renewals: Photo Gallery
