Global spirits and beer giant Diageo, which has a presence in more than 180 countries, shared on a call with analysts Thursday (Jan. 26) discussing its financial results for the first two quarters of fiscal year 2023, that there is an increased demand for convenient beverage options on the go.
Constellation Brands, the owner of the Corona and Modelo beer brands and various wine and spirits brands, such as Svedka Vodka, was among the first CPG companies to report earnings in the new year and it proved to be a controversial quarter. Shares declined 10% after it reported last Thursday, which was the biggest one-day decline since March 2020.
Inflation has no doubt placed economic pressure on the wine and champagne industry, so much so that it may be impacting your New Year's Eve celebration.
Wine Spectator senior editor Alison Napjus issued a warning for party-goers just days before New Year's Eve, urging consumers to stock up now with prices as they are.There is an emerging trend in London and New York of diners paying to secure reservations at some of the most sought-after restaurants, but not everyone in the industry is convinced it's for the best.
The Treasury Wine Estates Ltd (ASX: TWE) share price has done well, rising by around 5% over the past week.
That compares to the S&P/ASX 200 Index (ASX: XJO), which only went up by around 2%, so it has materially outperformed.
Balcones produces award-winning premium whiskies such as its Texas "1" American Single Malt.
Texas-based Balcones Distilling is moving on up.What is beer? It was defined as early as 1516 in Bavaria's Reinheistsgebot, the famous purity law which classified it as a beverage produced solely from water, barley and yeast.
The National Beer Wholesalers Association (NBWA) released the Beer Purchasers' Index (BPI) for October 2022.
The October BPI results show the total beer index at 37 and the "at-risk" inventory at 56.October 25 - As sustainability continues to be top-of-mind for both consumers and businesses, Diageo has found success with a one-step-at-a-time approach when it comes to building a sustainability and community outreach infrastructure, according to Ed Pilkington, CMO and innovation officer at Diageo North America.
Data shows there were approximately 104,000 licensed premises at the end of September 2022—a net drop of 2,230 since June, which represents an average of just over 24 closures a day, or more than 150 per week. The decline leaves the licensed market with a 9.9% drop in sites since March 2020.