alcohol

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...

Shares of Diageo plc (NYSE: DEO) were losing ground Tuesday after the parent company of Johnnie Walker and other alcohol brands released preliminary full-year results for fiscal 2020.  What Happened: Diageo, the world's largest alcohol maker, said total net sales for the fiscal year...

The Coca-Cola Company (NYSE: KO) announced Thursday that it will launch a hard seltzer drink under the banner of its Topo Chico mineral water brand. With this announcement, it's a rare foray into alcoholic beverages for 128-year-old Coca-Cola.  Coke's Plans For Topo...

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...

A joint survey conducted by Rewards Network, American Airlines and United Airlines found 71% of respondents need assurance from government and health officials for when it's safe to eat in restaurants, Restaurant Business reported. What To Know: Among the 1,373 participants in the survey,...

The hard seltzer category will continue to grow, but one of the winners in the space today, Boston Beer Company Inc (NYSE: SAM), will remain a leader, according to RBC Capital Markets. The Boston Beer Analyst: Nik Modi maintained an Outperform rating on Boston Beer Company's stock with a...

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...

Consumers looking to buy fresh food and alcohol online can soon do so at select Target Corporation (NYSE: TGT) stores. Fresh Food, Alcohol Target detailed in a press release its plans as part of its 2020 Strategic Initiative presentation. One of the more notable takeaways is expanding buy-online-...

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...

Dan Bilzerian, an entrepreneur, Instagram influencer and former U.S. military service member, formally launched IGNITE Vodka, the newest premium beverage in the Ignite International Brands Ltd (OTC: BILZF) family of products, at a Valentine's Day-themed party Thursday.  IGNITE is a...

Beer company Heineken (OTC: HEINY) has shown investors top-line growth over the past few years by following a simple recipe: giving more choice to the consumer, company CEO Jean-Francois van Boxmeer told CNBC. Emerging Categories In Beer Some of the popular alcoholic beverages which contributed to...

The NBA is taking a shot of Cognac. The National Basketball Association announced that Hennessy, the top-selling Cognac brand in the world, will be the official spirit of the league, as well as of the Women’s National Basketball Association and USA Basketball. Hennessy replaces Jack...