Beer

One of the largest beer companies in the United States signed a deal with Coca-Cola to distribute its upcoming hard seltzer brand Topo Chico. What Happened: Molson Coors Beverage Company (NYSE: TAP) announced an exclusive partnership with Coca-Cola Company (NYSE: KO) to manufacture, market and...

Global beer giant Anheuser Busch Inbev NV (NYSE: BUD) is searching for a new CEO and may pick someone from outside the company, Financial Times reported. What Happened: Carlos Brito's reign as CEO of Budweiser and Stella Artois' parent company seems to be coming to an end after a decade-and...

Shares of Sam Adams' parent Boston Beer Company Inc (NYSE: SAM) are up in 2020 and not strictly due to beer sales, Cowen analyst Vivien Azer said Monday on CNBC's "Power Lunch." Hard Seltzer: Hard seltzer has become a hot-selling alcoholic beverage item that is lifting Boston...

Beer maker Heineken N.V. (OTCQX: HEINY) is experiencing a "tale of two stories," as off-premise sales are rising at a double-digit rate, but the on-premise business that represents around 35% to 40% of total sales is "highly impacted" by the COVID-19 pandemic, Heineken CEO...

Sam Adams parent company Boston Beer Company Inc (NYSE: SAM) reported second-quarter results Friday that exceeded estimates and sent the stock soaring.  What Happened: Boston Beer said it earned $4.88 per share in the second quarter on revenue of $452.1 million versus expectations of $2.42 per...

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...

There’s no question Americans are facing unprecedented stresses these days. Data suggests some Americans are relying on vices such as alcohol, tobacco and cannabis to get through the health crisis. At the same time, gamblers have been driven online for the time being due to casino closures....

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...

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...

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...

The sky isn’t the only place with stars. If you live in California you might run into one, and if you like Corona, you might have drank one. The parent company of Corona, Modelo Especial and others is Constellation Brands, Inc. (NYSE: STZ), and its stock ticker is short for “stars...

Buffalo Wild Wings is hosting a promotion in which two winners will live inside one of its restaurants for two nights. Yes, seriously. What Happened Buffalo Wild Wings announced Wednesday one of its stores in Chicago will double as a bed and breakfast-style hotel, dubbed "BnB-Dubs." Two...

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...

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...

Anheuser Busch Inbev NV (NYSE: BUD) faces a "challenging" environment in 2020, which will likely result in pressure on gross margin and EBITDA margin, according to JPMorgan. The Analyst Celine Pannuti downgraded Ab InBev's stock from Neutral to Underweight with a price target lowered...