Diageo (NYSE:DEO) H1 2026 Earnings call February 25, 2026 02:05 AM ET Company ParticipantsDave Lewis - CEO and Executive DirectorNik Jhangiani - CFODave LewisGood morning, welcome to the Diageo Interim Results presentation. As you know, it's my first results session for Diageo. In fact, this is my seventh week. I'll share a few initial impressions and immediate priorities with you later. First, I'd like to hand over to Nik to share with you the results of the first half of 2026. Nik?Nik JhangianiThank you, ...

BENGALURU, India, Feb. 23, 2026 /PRNewswire/ -- After over 800 entries and multiple competitive rounds, World Class by Diageo has concluded its Regional Finals across India, Nepal and Sri Lanka. The Top 20 bartenders will now go head-to-head at the National Finals in Delhi on March 27, 2026, where one will be crowned World Class India, Nepal and Sri Lanka Champion for 2026.For the Regional round, participants took on the Hop Scotch challenge, creating three cocktails with Johnnie Walker Black Label: a tall ...

Rebel Root Beer[Rebel Bourbon has announced the return of fan-favorite Rebel Root Beer Whiskey to its award-winning Rebel Bourbon lineup. An unconventional twist on...]### Rebel Bourbon brings on fall with new Rebel Butter Pecan Bourbon Cream[Just in time for fall, Rebel Bourbon introduced the latest addition to its highly acclaimed lineup – Rebel Butter Pecan Bourbon Cream. The perfect...][More Releases From This Source]## Explore[Beverages][Beers, Wines and Spirits][Retail][General Sports][News Releases i ...

Core Viewpoint - Constellation Brands has announced the appointment of Nicholas Fink as the new President and CEO, effective April 13, 2026, succeeding Bill Newlands, who will transition to a strategic advisor role [1][2][3]. Leadership Transition - Nicholas Fink has been a member of Constellation's Board of Directors since 2021 and is expected to bring a diversified leadership experience and a deep understanding of the company's business model [2]. - Bill Newlands will step down as President and CEO on April 13, 2026, after serving in this role since 2019, and will retire from the Board on the same date [1][4]. Fink's Background - Fink has a proven track record in the beverage alcohol industry, having served as CEO at Fortune Brands Innovations since January 2020, where he led the company through the COVID-19 pandemic and accelerated its digital transformation [2]. - His previous experience includes senior leadership roles at Suntory Global Spirits, where he was responsible for the Asia Pacific and South America regions [2]. Company Performance Under Newlands - Under Bill Newlands' leadership, Constellation Brands consistently ranked among the top growth leaders in the large consumer packaged goods (CPG) sector, with Modelo Especial becoming the 1 selling beer in U.S. dollar sales [4]. - Newlands oversaw the reshaping of the Wine & Spirits portfolio, focusing on higher-end, higher-margin brands aligned with consumer trends [4]. Future Outlook - Fink expressed enthusiasm about joining Constellation Brands and aims to build on the company's strong track record of industry leadership, focusing on brand development and innovation to meet evolving consumer needs [3][4].

Core Insights - The 2026 edition of World Class India by Diageo showcases the strongest representation from Tier 2 cities, with Pune leading the list and other cities like Kochi, Coimbatore, Trivandrum, Indore, and Dehradun also well represented alongside metropolitan areas [1][3] - The competition highlights a growing confidence among bartenders, driven by sustained investment in education and skill-building, with a notable increase in female participation, now at 14% of the total shortlisted [1][3][6] Geographic Representation - The Top 100 features a diverse geographic spread, with the West leading with 27 bartenders, followed by the South with 22, North with 20, and East with 11; Sri Lanka and Nepal each contribute 10 bartenders [3] - This year marks the highest number of women bartenders in the platform's history, reflecting a year-on-year growth supported by initiatives like Diageo's 'Our Hive' [3][6] Bartending Trends - Bartenders are reinterpreting classic cocktails, with Sours being the most common starting point, followed by Highballs, Old Fashioneds, and Rob Roy-style cocktails [4][5] - Local ingredients and culinary approaches are increasingly influencing bartending techniques, showcasing a blend of classic structure with expressive flavors [2][4] Ingredients and Flavors - Key ingredients highlighted in the submissions include Banana, Jaggery, Toasted Rice, and Mushroom, with a focus on sweeteners, spices, and herbal elements [1][5][6] - Regional flavor preferences include Sours in North India, Highballs in South and East India, Rob Roy-style cocktails in West India, and Old Fashioneds in Sri Lanka [5][6] Upcoming Events - The Top 100 bartenders will compete in four Regional Finals, narrowing down to the Top 16, with World Class Cocktail Festivals scheduled in Mumbai and Gurgaon in February and March [7][12] - The ultimate goal is to crown one bartender as India's World Class Champion, who will represent the region at the Global Finals in September 2026 [8]

Core Insights - Constellation Brands, Inc. (STZ) reported strong financial performance for Q3 of fiscal 2026, with earnings per share (EPS) of $3.06, exceeding estimates of $2.65, and revenue of approximately $2.22 billion, surpassing expectations of $2.16 billion [2][6] Financial Performance - The Beer Business segment achieved notable gains in both dollar and volume share, contributing positively to overall financial results [3] - The Wine and Spirit Business continued to outperform the U.S. wine industry, further solidifying the company's market position [3] Market Valuation - STZ has a price-to-earnings (P/E) ratio of approximately 22.10, indicating strong investor confidence in its earnings potential [4] - The price-to-sales ratio stands at about 2.62, reflecting the value placed on each dollar of sales [4] - The company maintains a low debt-to-equity ratio of 0.047, suggesting prudent financial management [4] Financial Stability - The current ratio of approximately 1.34 indicates the company's ability to cover short-term liabilities with short-term assets [5] - An earnings yield of about 4.53% represents a solid return on investment for shareholders [5]

Core Insights - Tilray Brands, Inc. is a significant player in the cannabis industry, involved in research, cultivation, production, marketing, and distribution of medical cannabis products [1] - The company operates across multiple segments, including Cannabis Business, Distribution Business, Beverage Alcohol Business, and Wellness Business, catering to a diverse customer base [1] Price Target and Analyst Sentiment - The consensus price target for Tilray has increased from $4.5 to $10 over the past year, indicating growing optimism among analysts [2] - Analyst John Zamparo from CIBC has set a more conservative price target of $8, reflecting a cautious approach ahead of the company's second-quarter earnings results scheduled for January 8, 2025 [2] Strategic Expansions and Stock Performance - Tilray's strategic expansions and partnerships in the beverage alcohol and wellness sectors have positively influenced stock sentiment [3] - The company's stock value has nearly tripled over the past six months, driven by the anticipation of cannabis reclassification in the United States, which is expected to significantly benefit cannabis growers like Tilray [3] Financial Performance - Recent earnings reports have shown improvements in revenue and profitability, supported by strong sales in both the cannabis and beverage alcohol segments [4] - The financial strength of Tilray is crucial as the cannabis industry continues to grow, driven by increasing consumer demand and the adoption of medical cannabis [4] Product Innovation - Product innovation is a key focus for Tilray, with new offerings such as GMP-certified flowers, oils, vapes, edibles, and topicals [5] - These innovations help Tilray maintain its competitive edge and attract a broader customer base in the evolving cannabis industry [5]

Group 1: Financial Results - Constellation Brands, Inc. reported its third quarter fiscal 2026 financial results on January 7, 2026 [1] - A conference call to discuss the financial results and outlook will be hosted by the CEO and CFO on January 8, 2026 [1] Group 2: Company Overview - Constellation Brands is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy [2] - The company's mission is to build brands that people love, focusing on elevating human connections and anticipating market trends [2] Group 3: Product Portfolio - The company offers a high-end, imported beer portfolio including Corona Extra, Modelo Especial, and other brands like Pacifico and Victoria [3] - Its wine brands include The Prisoner Wine Company, Robert Mondavi Winery, Kim Crawford, and others [3] - The craft spirits brands feature Casa Noble Tequila and High West Whiskey [3] Group 4: Sustainability and ESG Strategy - As an agriculture-based company, Constellation Brands emphasizes sustainable and responsible operations [4] - The company's ESG strategy focuses on environmental stewardship, community investment, and promoting responsible beverage alcohol consumption [4]

Core Viewpoint - Constellation Brands is facing challenges with a projected decline in earnings and revenue, but is focusing on long-term growth through strategic investments in beer capacity and premium brands [1][4][6] Financial Performance - Anticipated earnings per share (EPS) for Constellation Brands is $2.65, reflecting an 18.2% decrease from the same quarter last year [2][6] - Revenue projections are estimated between $2.16 billion to $2.2 billion, representing an 11.6% drop year-over-year due to weak wine and spirits shipments [3][6] Strategic Initiatives - The company is investing in expanding its beer capacity in Mexico and emphasizing premium brands to strengthen market position and drive future revenue growth [4][6] Financial Metrics - Constellation Brands has a price-to-earnings (P/E) ratio of 20.49 and a price-to-sales ratio of 2.59, indicating market valuation [5] - The company's debt-to-equity ratio stands at 1.34, reflecting its financial leverage, while a current ratio of 1.08 suggests its ability to cover short-term liabilities [5]

Core Insights - The 12th edition of World Class India by Diageo is expanding to include bartenders from South Asia, reflecting the rapid diversification of India's cocktail culture [1][7] - The role of bartenders in India has evolved significantly, with a focus on ingredient-led menus and disciplined service, matching global standards [3] - World Class India emphasizes education, mentorship, and flavour-led thinking, moving away from spectacle to enhance the quality of bar experiences [5][10] Industry Developments - The bar scene in India is increasingly shaped by neighbourhood cocktail spots and bartender-owned spaces, focusing on flavour clarity and guest experiences [1] - The programme aims to create common standards and global recognition for Indian bartenders, helping them gain visibility and acknowledgment [4][10] - The 2026 edition includes an extensive roadshow across 11 cities, engaging bartenders through hands-on workshops and discussions [8] Company Initiatives - Diageo India is committed to improving the bar culture by providing training and exposure through the World Class programme, which translates competition experiences into higher-quality consumer experiences [10] - The programme is shaped by its alumni, with past winners returning as mentors, fostering a cycle of knowledge and skill development within local bar ecosystems [6] - Diageo India operates one of the largest manufacturing footprints in alcobev in India, with a focus on sustainability and responsible consumption [12]