Americans are drinking less Budweiser. The rest of the world loves it [CNN]
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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Source: CNN
Americans are drinking less Bud. The rest of the world loves it Americans are drinking less Budweiser. But India, Paraguay and South Korea are picking up the slack. Anheuser-Busch InBev said Wednesday that overall sales were up slightly from a year ago and beat Wall Street forecasts. Sales of Budweiser fell 1.3% during the first quarter, largely because of the decline in the United States. A-B InBev is struggling in America as craft brews become more popular — and the company has tried to cash in by acquiring smaller beer companies like Goose Island, Blue Point and 10 Barrel. Luckily, the company is a global giant. Sales of Budweiser were up 2.5% in the rest of the world because of solid sales from emerging markets in Latin America and Asia. A-B InBev owns more than just Bud and Bud Light. Stella Artois sales surged 12% in the quarter, thanks to strong demand in the UK and Argentina. With all that in mind, A-B InBev ( BUD ) investors may be chanting that annoying Bud Light "Dilly D
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STZ
Earnings
- 4/11/24 - Beat
STZ
Sec Filings
- 4/18/24 - Form 8-K
- 4/16/24 - Form 4
- 4/12/24 - Form 144
- STZ's page on the SEC website