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BOTANICAL BEVERAGE BRAND MOMENT AND CROWN HOLDINGS ELEVATE "MODERN SODA" TO A NEW LEVEL OF SUSTAINABILITY
Prnewswire· 2025-03-31 16:48
Core Insights - Moment, a botanical soda brand, is enhancing its sustainability efforts by upgrading its aluminum packaging in partnership with Crown Holdings, Inc. This transition involves replacing shrink-wrapped cans with directly printed cans to improve package circularity and environmental impact [1][2][3] Company Overview - Moment is a female- and minority-owned brand that focuses on natural beverage formulations aimed at promoting mental clarity and stress relief. The drinks are non-alcoholic, low-calorie, and contain no added sugar, catering to the growing demand for healthy beverage options [4][7] - Crown Holdings, Inc. is a leading global supplier of rigid packaging products, providing expertise in packaging design and sustainability to support Moment's growth in the beverage market [6] Market Position and Growth - Since appearing on "Shark Tank," Moment has experienced a remarkable 400% growth and is preparing for significant scale-up with new packaging that maintains product transparency and visual identity [4] - The collaboration with Crown will allow Moment to transition six of its most popular SKUs to an infinitely recyclable format, aligning with evolving consumer preferences for eco-friendly products [2][3] Product Launch and Availability - All transitioned SKUs will be available in 12-oz CrownSleek cans across key regions in the U.S. by early 2025, starting with the Midwest and Northeast, followed by the West Coast [5]
Prime Drink Group Announces Additional Closing of Private Placement and Provides Corrective Disclosure
Globenewswire· 2025-03-28 01:00
Company Overview - Prime Drink Group Corp. is a Québec-based corporation focused on becoming a leading diversified holding company in the beverage, influencer media, and hospitality sectors [3]. Offering Details - The company has closed an additional and final subscription for its non-brokered private placement, raising gross proceeds of $99,960 through the issuance of 100 Units, which consist of 588,000 common shares and 588,000 common share purchase warrants [1]. - The total gross proceeds raised from the entire Offering amount to $1,910,235.60 [1]. Use of Proceeds - The net proceeds from the Offering will be used to develop the company's business and for general working capital purposes [2]. Corrective Disclosure - The company issued a corrective disclosure regarding its previous news release, clarifying that each Unit was comprised of 5,880 Warrants, leading to a total of 10,648,680 Warrants issued, rather than the previously stated 7,244,000 Warrants [6]. - Additionally, the company paid cash finders' fees totaling approximately $61,475.17, correcting the earlier figure of $64,174 [6].
American Rebel Expands its Successful Sponsorship for 2025 with Tony Stewart Racing (TSR) in NHRA Mission Foods Drag Racing Series
Newsfilter· 2025-03-27 16:33
Core Viewpoint - American Rebel Holdings, Inc. is expanding its sponsorship with Tony Stewart Racing for the 2025 NHRA Mission Foods Drag Racing Series, enhancing brand visibility and marketing opportunities for American Rebel Beer [2][3]. Sponsorship Details - American Rebel will serve as a secondary sponsor for all 20 races, with primary sponsorship for five races of the Matt Hagan Funny Car and one race of the Tony Stewart Top Fuel Dragster during the 2025 season [3][8]. - The sponsorship will provide significant exposure through race broadcasts on Fox Sports and additional streaming options via NHRA.tv, capitalizing on strong NHRA telecast ratings [3][4]. Marketing and Distribution Impact - The partnership with Tony Stewart Racing has facilitated American Rebel Beer in securing contracts with top beer distributors and retailers, significantly advancing the company's marketing objectives [2][4]. - The social media reach of the drivers involved, including Tony Stewart's nearly 750,000 followers on X and over 250,000 on Instagram, enhances American Rebel's brand visibility [5]. Digital Media Opportunities - NHRA is expanding its digital media presence, which will benefit American Rebel by enhancing engagement with influencers and content creators through initiatives like the Cornwell Tools Burnout Box Content Creator Zone [4]. Product Information - American Rebel Light Beer is a premium domestic light lager with approximately 100 calories, 3.2 carbohydrates, and 4.3% alcohol content per 12 oz serving, marketed as a healthier beer option [10]. - The beer is positioned as a patriotic product, aligning with the brand's identity and values [9]. Company Background - American Rebel Holdings, Inc. has transitioned from primarily designing and manufacturing branded safes and personal security products to entering the beverage industry with American Rebel Beer [11].
Prime Drink Group Announces Closing of $1.8 Million Private Placement
Globenewswire· 2025-03-26 11:30
MONTREAL, March 26, 2025 (GLOBE NEWSWIRE) -- Prime Drink Group Corp. (CSE: PRME) (“Prime” or the “Company”) announces that it has closed a non-brokered private placement (the “Offering”) of units of the Company (each, a “Unit”) for gross proceeds of $1,810,276. The Offering consisted of the sale of 1,811 Units at a price of $999.60 per Unit resulting in the issuance of 10,648,680 common shares of the Company (the “Common Shares”) and 7,244,000 transferable share purchase warrants (the “Warrants”). Each Warr ...
2 Warren Buffett Dividend Stocks to Buy Hand Over Fist in March
The Motley Fool· 2025-03-10 16:30
Warren Buffett's investing skills have created enormous wealth for his investors. From 1965 through 2024, he delivered a 5,502,284% cumulative return for Berkshire Hathaway shareholders. If you're interested in building passive income, Berkshire's stock portfolio is full of outstanding businesses that pay regular dividends. Here are two that offer solid value right now.1. Coca-ColaBuffett has often favored buying and holding shares of large and profitable consumer brands. He originally bought Coca-Cola (KO ...
FEMSA Announces the date for its Annual Shareholders' Meeting
GlobeNewswire News Room· 2025-03-03 21:17
Core Viewpoint - FEMSA is set to hold its Annual Ordinary Shareholders' Meeting on April 11, 2025, in Monterrey, Mexico, with detailed proposals and nominations available on its website [1][2]. Company Overview - FEMSA creates economic and social value through various companies and institutions, aiming to be the best employer and neighbor in its operational communities [3]. - The company operates in the retail industry through its Proximity Americas Division, which includes the OXXO small-format store chain, and Proximity Europe, which encompasses Valora and other retail formats [3]. - FEMSA's Health Division includes drugstores and digital financial services initiatives like Spin by OXXO and Spin Premia [3]. - In the beverage sector, FEMSA is the largest franchise bottler of Coca-Cola products globally by volume through Coca-Cola FEMSA [3]. - The company employs over 392,000 individuals across 18 countries and is recognized in various sustainability indexes, including the Dow Jones Best-in-Class World Index and FTSE4Good Emerging Index [3].
4 Consumer Staples Stocks to Buy on Fading Rate Cut Hopes
ZACKS· 2025-03-03 14:40
Economic Overview - Concerns about a slowing economy have intensified, with the Federal Reserve unlikely to implement rate cuts soon due to persistent inflation [1][8] - Consumer confidence has dropped significantly, with the Conference Board's consumer survey index falling to 98.3 in February, below the expected 102.3 [7] Inflation Data - The consumer price index (CPI) rose by 0.5% in January, following a 0.4% increase in December, marking the largest jump since August 2023 [5] - Year-over-year, CPI increased by 3% in January, up from 2.9% in December, the highest annual gain since April 2024 [6] Consumer Staples Investment - Investing in consumer staples stocks is recommended as they are considered defensive during economic uncertainty [2] - Suggested stocks include Carriage Services, Inc. (CSV), Lancaster Colony Corporation (LANC), Tyson Foods (TSN), and Molson Coors Beverage Company (TAP), all carrying a Zacks Rank of 1 (Strong Buy) or 2 (Buy) [2] Company Profiles - **Carriage Services, Inc. (CSV)**: Expected earnings growth rate of 7.2% for the current year, Zacks Rank 2, beta of 0.91, and a dividend yield of 1.12% [12][13] - **Lancaster Colony Corporation (LANC)**: Expected earnings growth rate of 6.1% for the current year, Zacks Rank 2, beta of 0.31, and a dividend yield of 1.99% [14][15] - **Tyson Foods (TSN)**: Expected earnings growth rate of 22.6% for the current year, Zacks Rank 2, beta of 0.72, and a dividend yield of 3.26% [16][17] - **Molson Coors Beverage Company (TAP)**: Expected earnings growth rate of 6.5% for the current year, Zacks Rank 1, beta of 0.81, and a dividend yield of 3.07% [18][19] Investment Strategy - The recommended investment strategy focuses on low-beta stocks with high dividend yields and favorable Zacks Ranks [3]
FEMSA(FMX) - 2024 Q4 - Earnings Call Transcript
2025-02-27 18:11
Financial Data and Key Metrics Changes - Consolidated revenue growth of 12.8% in Q4 2024, with operating income rising by 31.5% compared to the previous year [21] - Net consolidated income increased by 78.3% to nearly MXN 11 billion, driven by a non-cash change gain of MXN 2.7 billion and higher net income from discontinued operations of MXN 3.3 billion [21][22] - Gross margin expanded by 230 basis points to 47.7%, with operating margin increasing by 50 basis points to 11.7% of sales [25][26] Business Line Data and Key Metrics Changes - Proximity Americas division saw total revenues grow by 13.2%, with same-store sales growth of 3.8% despite a 2.8% decline in average traffic [24] - Health division revenues grew by 13.3%, with same-store sales increasing by 9.4% and operating income rising by 109.7% [29] - OXXO Gas reported a 9.7% increase in same-station sales and an 8% increase in total revenues [32] Market Data and Key Metrics Changes - Proximity Europe revenues increased by 21.5% in pesos, driven by retail revenue growth across countries [27] - Coca-Cola FEMSA recorded double-digit increases across their income statement, with income from operations rising by 25% [36] Company Strategy and Development Direction - FEMSA Forward initiative is nearing completion of planned divestitures, having monetized approximately $10.7 billion to focus on core business units [11][39] - Plans for 2025 include deploying nearly MXN 66 billion or $3.2 billion in capital returns, including ordinary and extraordinary dividends and share buybacks [14][15] - The company aims to maintain a disciplined approach to capital allocation, focusing on long-term intrinsic value per share [16] Management's Comments on Operating Environment and Future Outlook - Management acknowledges macroeconomic uncertainties and a softer consumer environment in Mexico, emphasizing the urgency to drive growth and profitability [46] - The company remains optimistic about growth opportunities across its business units, leveraging digital capabilities and operational efficiencies [10][46] Other Important Information - The succession process for the CEO position is underway, with a special committee formed to oversee the process [16][18] - The digital ecosystem has been rebranded as Spin, with significant growth in active users and sales linked to the loyalty program [34][35] Q&A Session Summary Question: Insights on shareholder remuneration and buybacks - Management plans to execute a mix of local buybacks in Mexico and accelerated share repurchases in the US, similar to previous years [55][56] Question: OXXO store expansion versus same-store sales trends - Management is confident in the ongoing expansion of OXXO stores, monitoring performance closely to ensure value creation [62][63] Question: Traffic decline attribution and operating leverage - Traffic decline is attributed to various factors, including weather and cannibalization, but management is confident in the store performance metrics [72][76] Question: Growth strategy in the US - The focus will be on organic growth through OXXO standalone stores and small bolt-on acquisitions, with an emphasis on profitability [90][91] Question: Financial services growth and potential banking license - The company is expanding financial services and plans to apply for a banking license, focusing on responsible growth in this area [100][101]
Markets Await New Home Sales Data
ZACKS· 2025-02-26 17:00
Market Overview - Pre-market futures show positive movement with the Dow up +126 points, S&P 500 up +33 points, Nasdaq up +178 points, and Russell 2000 up +10 points [1] - Over the past five trading days, the Dow is down -1.8%, S&P 500 down -2.3%, Nasdaq down -3.8%, and Russell 2000 down -4.0% [1] - All indexes are still up year-to-date except for the Russell 2000, with the Nasdaq barely maintaining its gains [1] Economic Indicators - Key Q4 earnings reports are anticipated, but no major economic reports are expected until New Home Sales for January are released at 10am ET [2] - New Home Sales are projected to reach 671K, lower than December's 698K but an improvement from the 12-month low of 615K in October [3] - The last time new home sales exceeded 1 million was in October 2020 [3] Company Earnings Reports - NVIDIA is set to report Q4 earnings with estimates indicating +60% growth in earnings and +70% growth in revenues, reflecting its significant market cap of $3 trillion [4] - Salesforce is expected to report Q4 results with +13.5% earnings growth and +8% revenue growth, following a rare earnings miss last quarter [5] - The TJX Companies reported Q4 earnings of $1.23 per share, beating expectations of $1.16, with revenues of $16.35 billion surpassing projections [6] - Lowe's reported earnings of $1.93 per share, exceeding consensus estimates, and revenues of $18.55 billion, outperforming expectations by +1.13% [7] - Anheuser-Busch InBev reported earnings of 88 cents per share, significantly above expectations of 72 cents, with revenues of $14.84 billion, exceeding projections by +2.5% [8]