U.S. Alcohol Sales Soar in Third Week of March [TheStreet.com]
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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Source: TheStreet.com
If you thought the coronavirus would drive many of us to drink, you’re right.U.S. alcoholic-beverage sales soared 55% in the third week of March from the year- earlier week, according to research firm Nielsen.That was the week in which several states locked down their residents with shelter-in-place orders.Those lockdowns plus the strength of internet retail have equaled online alcohol sales greatly exceeding brick-and-mortar sales.But even in the brick-and-mortar world, many states have granted alcohol stores exclusions from the mandatory closing of non-essential outlets. And many grocery stores sell booze, beer and wine too.Americans apparently like the hard stuff. Liquor, such as whiskey, gin and premixed cocktails, led the pack with a sales jump of 75% from last year. Wine sales soared 66%, and beer sales gained 42%.But Danelle Kosmal, vice president of Nielsen's beverage-alcohol practice, cautions that the week of March 16 might turn out to be an aberration.The coming weeks will
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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