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X @The Wall Street Journal
Which tasting notes are actually useful when it comes to finding a wine? Sometimes, the wilder the better. https://t.co/XqI1kfb6UK ...
O-I Glass(OI) - 2025 Q2 - Earnings Call Transcript
2025-07-30 13:00
Financial Data and Key Metrics Changes - The company reported second quarter adjusted earnings of $0.53 per share, exceeding expectations and outperforming the same period last year [4][18] - Overall second quarter shipments declined approximately 3%, but year-to-date shipments were up nearly 1% [4][12] - The company raised its full year guidance, now expecting adjusted earnings to increase between 60% to 90% compared to 2024 [5][21] Business Line Data and Key Metrics Changes - In The Americas, shipments increased approximately 4% in both the second quarter and year-to-date, driven by a rebound in beer and spirits categories [10][11] - In Europe, shipments were down nearly 9% in the second quarter, attributed to supplier-related delays and macroeconomic uncertainties [11][12] - The Fit to Win program delivered $84 million in savings for the quarter, bringing the first half total to $145 million [5][13] Market Data and Key Metrics Changes - The Americas showed mid-single-digit growth in the first quarter, while Europe experienced a decline in shipments due to softer consumer demand [10][11] - Non-alcoholic beverages and food categories in Europe posted low single-digit growth despite overall market softness [11][12] - The company noted a 35% increase in its new product development pipeline as brand owners seek growth opportunities [9] Company Strategy and Development Direction - The company has decided to halt further Magma development, focusing instead on a best-cost premium operation strategy [6][7] - The Bowling Green facility will be reconfigured to focus on premium opportunities in spirits in the U.S. [31] - The Fit to Win program aims to significantly reduce total enterprise costs and optimize the network for competitiveness and growth [13][15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged navigating a complex environment with softer consumer demand and macro uncertainties but expressed confidence in achieving full-year targets [4][5] - The company expects full-year 2025 volumes to be stable compared to the prior year, despite some intra-quarter fluctuations [12][22] - Management emphasized the importance of executing their strategy to drive economic profit and long-term value for shareholders [24][25] Other Important Information - The company is engaged in consultations with European works councils regarding long-term network optimization initiatives [12][101] - Temporary production curtailments remain in place across Europe to align supply with demand [12] - The company expects to see a $300 million year-over-year improvement in free cash flow, driven by stronger operating results and reduced capital expenditures [21][96] Q&A Session Summary Question: Volume assumptions for 2025 by segment - Management indicated that both Europe and The Americas are expected to be generally stable year-over-year, with some fluctuations due to prior year comparisons [29][30] Question: Bowling Green plant pivot details - The facility will focus on premium opportunities in spirits, with ongoing reconfiguration efforts [31][32] Question: Fit to Win benefits and corporate costs - Management confirmed that Fit to Win is designed to review the entire cost base, with significant progress already made [39][42] - Corporate costs are expected to stabilize around $100 to $120 million annually [44] Question: Order books and market conditions - Management noted strong order visibility in The Americas, with some recovery in Northern Europe, while consumer weakness persists in other regions [51][52] Question: Net price expectations and European operating rates - Management expects less net price pressure than initially anticipated, with inflation moderating and stable pricing observed [86][87] Question: Updates on restructuring negotiations in France - Discussions with French authorities are progressing as planned, with a focus on network competitiveness [101][102]
You Need To Start Your Day With Tequila?! 🤯
The Diary Of A CEO· 2025-07-26 20:04
Health & Wellness - Tequila is suggested as the "best" alcohol choice due to its purity and lack of sugar [1] - Sugar combined with alcohol is considered worse [1] - Alcohol in mouthwash is discouraged because it can disrupt the inner lining of the mouth [1] - High alcohol consumption can increase the risk of oral cancer [2]
Pick the perfect pairing. Gemini Live can look at the menu & make a suggestion based on your taste.
Google· 2025-07-25 17:34
Wine Recommendation & Pairing - Gemini can provide wine recommendations based on a wine list and meal pairing requests [1] - Gemini recommended Grignolino (La Casaccia, Poggeto '23) for pasta dishes due to its light body, high acidity, and red fruit notes [1] - The recommended wine has bright cherry and raspberry flavors, with hints of rose and subtle herbs [2] Wine Characteristics - Grignolino is described as a light-bodied red wine [1] - The wine has high acidity and red fruit notes [1] - The wine is versatile and pairs well with lighter pasta dishes [1]
X @The Wall Street Journal
The best bottle shops for wine lovers, and how to find them https://t.co/0ZQXxjH6gN ...
Wine woes as Trump’s tariffs loom #shorts #wine #tariffs #trumptariffs #trump #wallstreetweek
Bloomberg Television· 2025-07-18 20:55
When we raise a price, it's not as if the consumer just accepts it. Where do American customers for wine go if they decide the price is too high. I'm not going to buy that.Where are you going to find champagne. Where are you going to find Shatona Pop. Where you going to find Keianti. You're not going to find it in Oregon or California.A Fingerlakes wine, let's just be clear, is nothing like a Napa Valley wine. Nothing like a wine from southern Italy or northern Italy or the center of Spain etc. My my gist i ...
Golden State Valkyries Partner With J Vineyards
Bloomberg Television· 2025-07-12 12:06
Partnership & Collaboration - Golden State Valkyries 与 J Vineyards and Winery 建立新的合作伙伴关系,旨在支持各行各业的有才华的女性 [1][2] - 双方合作旨在展示女性体育运动在促进更广泛的文化变革中的强大作用 [2] - 双方都致力于推动各自行业的多样性,并解决女性代表性不足的问题 [3][4] - 通过合作,双方希望创造良好的商业效益,并对世界产生积极影响 [8][15] Industry Trends & Challenges - 加州只有不到 20% 的酒庄由女性担任首席酿酒师,表明葡萄酒行业在性别平等方面仍面临挑战 [4] - 年轻一代更注重生活方式和体验,葡萄酒行业需要适应这一趋势 [15] - 体育界也存在类似的问题,尽管女性参与体育运动的比例接近 50%,但获得的媒体报道和企业赞助却不成比例 [14] Brand Awareness & Marketing - J Vineyards and Winery 希望通过与 WNBA 的合作,提高品牌知名度,并在两个领域之间建立更好的共生关系 [3] - 通过合作,将葡萄酒与令人兴奋的体验联系起来,例如观看篮球比赛 [16] - 葡萄酒行业正在努力打破传统观念,让葡萄酒变得更加平易近人,更具趣味性 [9][10]