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Why a weaker construction market has become a problem for Constellation Brands' beer business
MarketWatch· 2026-01-07 23:30
Corona maker Constellation Brands said that economic stress among its large segment of Hispanic consumers and a weaker construction market continued to weigh on beer demand. ...
Buda Juice Announces Pricing of $20 Million Initial Public Offering
Globenewswire· 2026-01-07 22:25
Shares Expected to Begin Trading on the NYSE American Exchange on January 8, 2026, under Ticker Symbol “BUDA”DALLAS, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Buda Juice, Inc., pioneer of the new UltraFresh™ juice category for the supermarket fresh produce department with its cold-crafted, UltraFresh™ citrus juices, today announced the pricing of its initial public offering (the “Offering”) of 2,666,667 shares of its common stock at the public offering price of $7.50 per share for a total of $20,000,000 of gross pr ...
Constellation Sales Fall as Hispanic Consumers Continue Pulling Away
WSJ· 2026-01-07 21:37
Constellation reported lower third-quarter sales as beer sales lag amid weak consumer sentiment and a pullback in spending from Hispanic drinkers due to the Trump administration's immigration crackdow... ...
Zevia Appoints Suzanne Ginestro to Board of Directors
Businesswire· 2026-01-07 21:30
LOS ANGELES--(BUSINESS WIRE)--Zevia PBC ("Zevia†or the "Company†) (NYSE:ZVIA), the Company that provides naturally delicious, zero sugar better-for-you beverages, today announced the appointment of Suzanne Ginestro, Chief Marketing Officer of Califia Farms, to the Company's Board of Directors ("Board†), effective immediately. Ginestro will also serve on the Compensation Committee. This appointment further diversifies Zevia's board bringing more than 25 years of marketing expertise across the food, bever ...
Constellation Brands Stock Climbs After Q3 Earnings Beat Estimates
Benzinga· 2026-01-07 21:25
Constellation Brands, Inc. (NYSE:STZ) shares climbed in Wednesday's extended trading after the company released its third quarter earnings report, beating estimates on the top and bottom lines. Here's a look at the key figures from the quarter. STZ stock is moving. Watch the price action here.The Details: Constellation Brands reported quarterly earnings of $3.06 per share, which beat the analyst consensus estimate of $2.64, according to Benzinga Pro data.Quarterly revenue came in at $2.22 billion, which bea ...
Worried About a K-Shaped Economy? Buy This Top Dividend ETF for 2026.
Yahoo Finance· 2026-01-07 20:55
Last month, Barron’s pointed out that the U.S. economy is “K-shaped.” In other words, wealthier Americans, powered by the stock market’s strength, are in good shape financially, while poorer consumers who don’t own equities are struggling because the labor market is weak and inflation remains elevated, partly due to tariffs. Since consumer spending accounts for about 70% of U.S. GDP, lower outlays by the working class and the middle class could cause economic growth to decelerate sharply in 2026. Additio ...
Primo Brands (NYSE:PRMB) Fireside Chat Transcript
2026-01-07 16:02
Summary of Primo Brands Fireside Chat - January 07, 2026 Company Overview - **Company**: Primo Brands (NYSE: PRMB) - **New Leadership**: Eric Foss (CEO), David Hass (CFO), Tracy Mangini (VP of Investor Relations) [2][3] Core Industry Insights - **Industry**: Beverage industry, specifically focusing on healthy hydration and bottled water - **Market Position**: Primo Brands is the third largest player in the liquid refreshment beverage (LRB) category by volume, with a strong portfolio in bottled water and healthy hydration [10][22] Key Points and Arguments 1. **Integration Challenges**: The integration of BlueTriton Brands and Legacy Primo is complex, requiring alignment on culture, successful integration processes, and synergy capture [8][9] 2. **Market Growth**: The bottled water category is the largest beverage category in the U.S. by volume and is experiencing significant growth, with municipal water bills rising by approximately 5% over the last five years [22] 3. **Brand Portfolio**: Primo has a diverse brand portfolio, including several billion-dollar brands and strong regional players, positioning it well to serve various consumer needs [24][25] 4. **Operational Improvements**: Significant progress has been made in supply chain management, with product produced to schedule improving from the low 80% range to over 99% [28][29] 5. **Customer Service Enhancements**: Initiatives like "Respond and Recover" have been implemented to improve customer service response times and reduce customer calls [31][32] 6. **Customer Acquisition Strategy**: The company is focused on improving service levels, recruiting new customers, and implementing a new warehouse management system to enhance supply chain execution [35][36] 7. **Retail Distribution Gains**: In 2025, Primo achieved approximately 10% growth in retail distribution points, with a focus on executional excellence and brand visibility [46] 8. **Premium Brand Growth**: Brands like Saratoga and Mountain Valley are experiencing over 40% growth, supported by strong marketing campaigns and increasing household penetration [48][50] 9. **Future Growth Strategy**: The growth algorithm for 2026 includes restoring customer service, driving retail execution, prioritizing premium brands, and implementing strategic pricing initiatives [52][53] Additional Important Insights - **Financial Model**: The company has a strong financial model focused on growth, margin expansion, and cash flow generation [11][57] - **M&A Strategy**: Future M&A opportunities will be considered after stabilizing the customer direct business, with a focus on adding scale and improving competitive positioning [62][63] - **Key Performance Indicators (KPIs)**: Metrics to focus on include market share, customer satisfaction, revenue, volume, margin expansion, and operational efficiency [55][56] Conclusion - **Outlook**: The long-term investment thesis for Primo Brands remains intact, with a commitment to restoring service levels and driving growth in the healthy hydration category [65]
Kenyan distributor asks court to block Diageo stake sale to Asahi
Yahoo Finance· 2026-01-07 12:24
Bia Tosha, a former Diageo distributor in Kenya, has asked a local court to halt the sale of the UK spirits major's stake in its business in the country to Asahi. The firm applied for an ex parte injunction to block the stake sale yesterday (6 January) but that has been refused as the judge requested to hear from both sides in the case, Just Drinks understands. Reports earlier today (7 January) from Bloomberg and Reuters said Bia Tosha had asked the High Court in Kenya to halt the sale due to legal acti ...
A Turnaround for Constellation Brands Depends on Hispanic Spending and Beer Demand
Barrons· 2026-01-07 08:00
Core Viewpoint - Constellation Brands is focusing on cost reductions and anticipating a rebound in Hispanic beer demand to enhance its earnings after a challenging 2025 and several forecast downgrades [1] Group 1 - The company experienced a difficult year in 2025, leading to multiple cuts in earnings forecasts [1] - Constellation Brands is implementing cost-cutting measures as part of its strategy to improve financial performance [1] - There is an expectation for a recovery in demand for beer among Hispanic consumers, which the company is betting on to boost earnings [1]
PRMB, PRMW Deadline: PRMB, PRMW Investors Have Opportunity to Lead Primo Brands Corporation Securities Fraud Lawsuit
Prnewswire· 2026-01-06 20:26
Core Viewpoint - Rosen Law Firm is reminding investors who purchased common stock of Primo Water Corporation and Primo Brands Corporation during specified periods about a class action lawsuit and the upcoming lead plaintiff deadline on January 12, 2026 [1]. Group 1: Class Action Details - Investors who purchased Primo Brands securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - To serve as lead plaintiff, individuals must file a motion with the court by January 12, 2026 [3]. Group 2: Law Firm Credentials - Rosen Law Firm specializes in securities class actions and has a strong track record, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been ranked No. 1 for securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [4]. - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [4]. Group 3: Case Background - The lawsuit pertains to the merger between Primo Water and BlueTriton Brands, which formed Primo Brands, a branded beverage company [5]. - Throughout the class period, the defendants allegedly misrepresented key facts about the merger, leading investors to believe in accelerated growth and operational efficiencies [5]. - The lawsuit claims that when the true details of the merger integration were revealed, investors suffered damages due to the misleading statements made by the defendants [5].