Bud Light sales still falling as Modelo, Coors fight to keep their gains [Yahoo! Finance Canada]
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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Source: Yahoo! Finance Canada
On Thursday, Bud Light parent company Anheuser-Busch InBev ( BUD ) posted better-than-expected Q1 results, a year after an advertising campaign kicked off a boycott starting April 2023. Yet, Constellation Brands ( STZ ) and Molson Coors ( TAP ) have been fighting to hold on to their gains from Bud's losses while looking for more room to grow. Revenue for Anheuser-Busch jumped 2.6% to $14.55 billion from higher prices, but volume sold dropped 0.6%, though it was less than Wall Street anticipated. The largest decline came from North America, where volume dropped 9.9%, largely due to sales of Bud Light. ADVERTISEMENT Sales to retailers and wholesalers were down 13.7% and 10.7%, respectively, in the US. "We've lost a whole generation of hardcore Bud Light shoppers," Bump Williams of Bump Williams Consulting told Yahoo Finance. "It's going to take us at least 10 years to try and recapture what we lost in one year." Williams said AB InBev will have to "buy" shoppers. As Gen Zs
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STZ
News
- Constellation Brands Announces Updated Time of Presentation at the Bernstein 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024 [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Constellation Brands Announces Updated Time of Presentation at the Bernstein 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024GlobeNewswire
- Constellation Brands to Present at the Bernstein 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024 [Yahoo! Finance]Yahoo! Finance
- Constellation Brands to Present at the Bernstein 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024 [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Constellation Brands to Present at the Bernstein 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024GlobeNewswire
STZ
Earnings
- 4/11/24 - Beat
STZ
Sec Filings
- 5/14/24 - Form 4
- 5/7/24 - Form 4
- 5/3/24 - Form 144
- STZ's page on the SEC website